OneMain (NYSE:OMF) will be posting its quarterly earnings results after the market closes on Monday, February 12th. Analysts expect OneMain to post earnings of $1.06 per share for the quarter.
OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.14). The business had revenue of $808.00 million during the quarter, compared to the consensus estimate of $800.50 million. OneMain had a return on equity of 14.15% and a net margin of 4.85%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 earnings per share. On average, analysts expect OneMain to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of OneMain (NYSE:OMF) opened at $31.74 on Monday. The stock has a market cap of $4,296.01, a price-to-earnings ratio of 25.19, a P/E/G ratio of 1.42 and a beta of 2.86. OneMain has a fifty-two week low of $22.04 and a fifty-two week high of $35.11.
In other OneMain news, Director Wesley R. Edens sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $26.00, for a total transaction of $26,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Fortress Investment Group Llc sold 7,500,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $25.10, for a total transaction of $188,250,000.00. The disclosure for this sale can be found here. Insiders have sold 18,500,000 shares of company stock valued at $474,250,000 over the last 90 days. Corporate insiders own 57.73% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of OneMain from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. JPMorgan Chase & Co. cut shares of OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price objective for the company. in a report on Friday, January 12th. Bank of America set a $35.00 price objective on shares of OneMain and gave the stock a “buy” rating in a report on Friday, October 13th. ValuEngine cut shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Northland Securities reiterated a “hold” rating and issued a $35.00 price objective on shares of OneMain in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $34.62.
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OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.
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