Zacks: Analysts Anticipate OneMain Holdings Inc (OMF) Will Announce Quarterly Sales of $684.30 Million

Analysts expect that OneMain Holdings Inc (NYSE:OMF) will report $684.30 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for OneMain’s earnings, with the highest sales estimate coming in at $697.90 million and the lowest estimate coming in at $669.00 million. OneMain reported sales of $569.00 million in the same quarter last year, which indicates a positive year over year growth rate of 20.3%. The company is scheduled to announce its next earnings report on Wednesday, August 1st.

On average, analysts expect that OneMain will report full-year sales of $2.80 billion for the current financial year, with estimates ranging from $2.76 billion to $2.85 billion. For the next year, analysts expect that the firm will post sales of $3.05 billion per share, with estimates ranging from $2.96 billion to $3.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover OneMain.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, May 2nd. The financial services provider reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.05. OneMain had a net margin of 7.37% and a return on equity of 16.47%. The firm had revenue of $662.00 million during the quarter, compared to the consensus estimate of $667.57 million. During the same period last year, the firm posted $0.25 EPS.

Several equities analysts have weighed in on the stock. ValuEngine downgraded shares of OneMain from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research upgraded shares of OneMain from a “sell” rating to a “hold” rating in a report on Saturday, May 5th. Citigroup upgraded shares of OneMain from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, April 20th. Wells Fargo & Co assumed coverage on shares of OneMain in a report on Wednesday, April 4th. They set an “outperform” rating and a $38.00 target price for the company. Finally, Piper Jaffray Companies assumed coverage on shares of OneMain in a report on Wednesday, March 21st. They set an “overweight” rating and a $37.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $35.33.

Several institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC boosted its stake in shares of OneMain by 18.9% during the 4th quarter. Aperio Group LLC now owns 10,187 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 1,617 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of OneMain by 14.1% during the 1st quarter. Stifel Financial Corp now owns 15,081 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 1,863 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of OneMain by 50.2% during the 4th quarter. SG Americas Securities LLC now owns 6,338 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 2,119 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of OneMain by 4.4% during the 4th quarter. Rhumbline Advisers now owns 50,293 shares of the financial services provider’s stock worth $1,307,000 after purchasing an additional 2,132 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its stake in shares of OneMain by 19.9% during the 4th quarter. State of Wisconsin Investment Board now owns 12,987 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 2,154 shares during the last quarter. 92.09% of the stock is currently owned by institutional investors.

OneMain opened at $33.87 on Wednesday, Marketbeat reports. OneMain has a twelve month low of $23.62 and a twelve month high of $36.32. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 0.94 and a beta of 2.74.

About OneMain

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

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Earnings History and Estimates for OneMain (NYSE:OMF)

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