Wall Street analysts expect OneMain Holdings Inc (NYSE:OMF) to post sales of $668.86 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for OneMain’s earnings, with the lowest sales estimate coming in at $655.00 million and the highest estimate coming in at $687.80 million. OneMain reported sales of $557.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.1%. The firm is scheduled to issue its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that OneMain will report full-year sales of $668.86 million for the current year, with estimates ranging from $2.68 billion to $2.82 billion. For the next year, analysts forecast that the business will post sales of $2.99 billion per share, with estimates ranging from $2.90 billion to $3.07 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover OneMain.
OneMain (NYSE:OMF) last released its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The firm had revenue of $799.00 million during the quarter, compared to analysts’ expectations of $798.70 million. OneMain had a return on equity of 15.04% and a net margin of 5.06%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share.
A number of analysts recently issued reports on OMF shares. JPMorgan Chase & Co. cut OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price objective for the company. in a research report on Friday, January 12th. Zacks Investment Research raised OneMain from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Compass Point raised OneMain from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Bank of America raised OneMain from a “neutral” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Thursday, January 4th. Finally, Barclays reaffirmed a “hold” rating and issued a $35.00 price target on shares of OneMain in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. OneMain has a consensus rating of “Hold” and a consensus price target of $34.58.
Large investors have recently made changes to their positions in the business. Gotham Asset Management LLC acquired a new position in shares of OneMain during the 4th quarter worth about $367,000. Flinton Capital Management LLC acquired a new position in shares of OneMain during the 4th quarter worth about $422,000. Meadow Creek Investment Management LLC acquired a new position in shares of OneMain during the 4th quarter worth about $199,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of OneMain during the 4th quarter worth about $164,000. Finally, Elkfork Partners LLC acquired a new position in shares of OneMain during the 4th quarter worth about $348,000. 94.34% of the stock is owned by institutional investors.
OneMain stock traded down $0.29 on Friday, reaching $31.07. The company had a trading volume of 366,094 shares, compared to its average volume of 960,670. The firm has a market capitalization of $4,252.55, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.28 and a beta of 2.79. OneMain has a 52-week low of $22.04 and a 52-week high of $36.32.
OneMain Company Profile
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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