$1.05 EPS Expected for OneMain Holdings Inc (OMF) This Quarter

Equities analysts expect that OneMain Holdings Inc (NYSE:OMF) will report earnings of $1.05 per share for the current quarter, according to Zacks. Four analysts have made estimates for OneMain’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.05. OneMain posted earnings of $0.80 per share during the same quarter last year, which would suggest a positive year over year growth rate of 31.3%. The business is scheduled to report its next earnings results on Monday, February 12th.

On average, analysts expect that OneMain will report full year earnings of $3.55 per share for the current year, with EPS estimates ranging from $3.50 to $3.75. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.13 per share, with EPS estimates ranging from $4.00 to $4.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow OneMain.

OneMain (NYSE:OMF) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.14). OneMain had a return on equity of 14.15% and a net margin of 4.85%. The firm had revenue of $808.00 million for the quarter, compared to analysts’ expectations of $800.50 million. During the same period last year, the firm earned $0.90 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis.

OMF has been the topic of several analyst reports. Citigroup initiated coverage on shares of OneMain in a research note on Monday, October 16th. They set a “neutral” rating and a $35.00 price target on the stock. Bank of America set a $35.00 price target on shares of OneMain and gave the stock a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research raised shares of OneMain from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Northland Securities reaffirmed a “hold” rating and set a $35.00 price target on shares of OneMain in a research note on Friday, November 3rd. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of OneMain in a research note on Monday, November 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $32.85.

In other news, Director Fortress Investment Group Llc sold 7,500,000 shares of OneMain stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $25.10, for a total value of $188,250,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wesley R. Edens sold 1,000,000 shares of OneMain 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 disclosure for this sale can be found here. Insiders sold a total of 18,500,000 shares of company stock valued at $474,250,000 in the last three months. Insiders own 57.73% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of OMF. JPMorgan Chase & Co. boosted its holdings in shares of OneMain by 103.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock valued at $107,000 after buying an additional 2,200 shares during the period. SG Americas Securities LLC acquired a new position in shares of OneMain in the 3rd quarter valued at about $119,000. Cubist Systematic Strategies LLC acquired a new position in shares of OneMain in the 2nd quarter valued at about $132,000. Pacer Advisors Inc. boosted its holdings in shares of OneMain by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock valued at $179,000 after buying an additional 779 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of OneMain in the 3rd quarter valued at about $206,000. 95.83% of the stock is owned by institutional investors and hedge funds.

Shares of OneMain (OMF) opened at $25.20 on Wednesday. OneMain has a one year low of $21.50 and a one year high of $33.39. The stock has a market cap of $3,451.41, a price-to-earnings ratio of 7.77, a P/E/G ratio of 1.45 and a beta of 2.72.

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About OneMain

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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Earnings History and Estimates for OneMain (NYSE:OMF)

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