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.
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.
TRADEMARK VIOLATION NOTICE: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://sportsperspectives.com/2017/12/20/1-05-eps-expected-for-onemain-holdings-inc-omf-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.