OneMain Holdings Inc (NYSE:OMF) – Equities researchers at Wedbush issued their Q1 2018 earnings per share (EPS) estimates for shares of OneMain in a report issued on Tuesday. Wedbush analyst H. Coffey anticipates that the financial services provider will post earnings of $1.07 per share for the quarter. Wedbush also issued estimates for OneMain’s Q2 2018 earnings at $1.15 EPS, Q3 2018 earnings at $1.36 EPS, Q4 2018 earnings at $1.40 EPS and Q1 2019 earnings at $1.17 EPS.
OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. OneMain had a return on equity of 15.18% and a net margin of 5.06%. The firm had revenue of $799.00 million for the quarter, compared to analyst estimates of $798.70 million. During the same quarter in the previous year, the firm earned $0.80 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis.
Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded OneMain from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Wednesday, January 31st. JPMorgan Chase & Co. downgraded OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 target price for the company. in a research note on Friday, January 12th. Northland Securities reiterated a “hold” rating and set a $35.00 target price on shares of OneMain in a research note on Friday, November 3rd. Compass Point upgraded OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Finally, Barclays reiterated a “hold” rating and set a $35.00 target price on shares of OneMain in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.58.
OneMain (OMF) opened at $31.67 on Thursday. OneMain has a one year low of $22.04 and a one year high of $36.32. The company has a market capitalization of $4,316.30, a P/E ratio of 9.01, a PEG ratio of 1.30 and a beta of 2.86.
In related news, Director Wesley R. Edens sold 1,000,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $26.00, for a total value of $26,000,000.00. The transaction was disclosed in a 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 business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $25.10, for a total value of $188,250,000.00. The disclosure for this sale can be found here. Insiders own 57.73% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in OneMain by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,401,256 shares of the financial services provider’s stock valued at $108,227,000 after purchasing an additional 172,224 shares during the period. BlackRock Inc. boosted its stake in OneMain by 21.5% in the 4th quarter. BlackRock Inc. now owns 2,804,528 shares of the financial services provider’s stock valued at $72,891,000 after purchasing an additional 497,067 shares during the period. Basswood Capital Management L.L.C. boosted its stake in OneMain by 62.9% in the 4th quarter. Basswood Capital Management L.L.C. now owns 2,765,855 shares of the financial services provider’s stock valued at $71,885,000 after purchasing an additional 1,068,203 shares during the period. Brandywine Global Investment Management LLC boosted its stake in OneMain by 25.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 2,208,738 shares of the financial services provider’s stock valued at $57,406,000 after purchasing an additional 451,199 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in OneMain by 22.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,888,253 shares of the financial services provider’s stock valued at $53,231,000 after purchasing an additional 344,126 shares during the period.
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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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