OneMain Holdings Inc (OMF) Expected to Post Earnings of $1.15 Per Share

Wall Street analysts predict that OneMain Holdings Inc (NYSE:OMF) will post $1.15 earnings per share for the current quarter, according to Zacks. Six analysts have provided estimates for OneMain’s earnings. The highest EPS estimate is $1.24 and the lowest is $1.04. OneMain reported earnings per share of $0.81 during the same quarter last year, which would suggest a positive year over year growth rate of 42%. The company is scheduled to report its next earnings report on Wednesday, August 1st.

On average, analysts expect that OneMain will report full year earnings of $4.90 per share for the current year, with EPS estimates ranging from $4.77 to $5.09. For the next fiscal year, analysts expect that the business will report earnings of $5.51 per share, with EPS estimates ranging from $5.18 to $5.77. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover OneMain.

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

Several equities research analysts have weighed in on OMF shares. Zacks Investment Research raised OneMain from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday, January 31st. UBS started coverage on OneMain in a research note on Tuesday, March 27th. They set a “buy” rating and a $40.00 price objective on the stock. Janney Montgomery Scott raised OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, March 1st. Piper Jaffray Companies initiated coverage on OneMain in a research note on Wednesday, March 21st. They set an “overweight” rating and a $37.00 price objective on the stock. Finally, Wells Fargo & Co initiated coverage on OneMain in a research report on Wednesday, April 4th. They set an “outperform” rating and a $38.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. OneMain presently has an average rating of “Buy” and a consensus price target of $35.33.

Shares of OneMain opened at $34.36 on Monday, according to Marketbeat.com. OneMain has a 1-year low of $22.10 and a 1-year high of $36.32. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 1.41 and a beta of 2.74.

Large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new position in shares of OneMain during the fourth quarter valued at approximately $142,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of OneMain during the fourth quarter valued at approximately $164,000. SG Americas Securities LLC boosted its holdings in shares of OneMain by 50.2% in the fourth quarter. SG Americas Securities LLC now owns 6,338 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 2,119 shares during the period. Meadow Creek Investment Management LLC purchased a new stake in shares of OneMain in the fourth quarter valued at approximately $199,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of OneMain in the first quarter valued at approximately $207,000. Institutional investors and hedge funds own 91.22% of the company’s stock.

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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