Equities research analysts expect that OneMain Holdings Inc (NYSE:OMF) will post earnings per share of $1.34 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for OneMain’s earnings, with the lowest EPS estimate coming in at $1.30 and the highest estimate coming in at $1.39. OneMain reported earnings of $1.06 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 26.4%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 13th.
On average, analysts expect that OneMain will report full year earnings of $5.01 per share for the current financial year, with EPS estimates ranging from $4.92 to $5.10. For the next year, analysts anticipate that the firm will report earnings of $5.55 per share, with EPS estimates ranging from $5.40 to $5.73. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow OneMain.
OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.28 by $0.03. OneMain had a return on equity of 18.65% and a net margin of 8.27%. The firm had revenue of $933.00 million for the quarter, compared to the consensus estimate of $852.42 million. During the same quarter last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year.
Several equities research analysts recently commented on the stock. ValuEngine downgraded shares of OneMain from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Zacks Investment Research downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Barclays set a $34.00 target price on shares of OneMain and gave the stock a “hold” rating in a research note on Friday, December 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. OneMain has an average rating of “Hold” and an average price target of $36.22.
In other OneMain news, Director Jay N. Levine acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was bought at an average price of $29.61 per share, with a total value of $444,150.00. Following the completion of the acquisition, the director now owns 3,092,296 shares of the company’s stock, valued at $91,562,884.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jay N. Levine acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were acquired at an average cost of $27.65 per share, with a total value of $276,500.00. Following the acquisition, the director now directly owns 3,107,296 shares of the company’s stock, valued at approximately $85,916,734.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 35,000 shares of company stock valued at $1,019,950. Insiders own 43.93% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. First Hawaiian Bank bought a new stake in OneMain during the 4th quarter valued at $25,000. GAM Holding AG lifted its position in OneMain by 16.4% in the 3rd quarter. GAM Holding AG now owns 13,582 shares of the financial services provider’s stock worth $456,000 after buying an additional 1,915 shares in the last quarter. Meadow Creek Investment Management LLC lifted its position in OneMain by 25.3% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 9,584 shares of the financial services provider’s stock worth $319,000 after buying an additional 1,936 shares in the last quarter. James Investment Research Inc. lifted its position in OneMain by 3.0% in the 3rd quarter. James Investment Research Inc. now owns 72,662 shares of the financial services provider’s stock worth $2,442,000 after buying an additional 2,124 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in OneMain by 36.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 8,122 shares of the financial services provider’s stock worth $270,000 after buying an additional 2,178 shares in the last quarter. 91.37% of the stock is owned by institutional investors.
Shares of OMF opened at $27.12 on Tuesday. OneMain has a twelve month low of $22.47 and a twelve month high of $37.29. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 0.65 and a beta of 2.47.
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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