OneMain Holdings Inc (NYSE:OMF) – Equities research analysts at Wedbush increased their Q3 2019 earnings estimates for OneMain in a report released on Thursday, October 17th. Wedbush analyst H. Coffey now expects that the financial services provider will post earnings per share of $1.55 for the quarter, up from their previous forecast of $1.49. Wedbush has a “Outperform” rating and a $45.00 price target on the stock. Wedbush also issued estimates for OneMain’s FY2019 earnings at $6.15 EPS, Q1 2020 earnings at $1.60 EPS and Q3 2020 earnings at $1.71 EPS.
OneMain (NYSE:OMF) last posted its earnings results on Monday, July 29th. The financial services provider reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.27. The firm had revenue of $762.00 million for the quarter, compared to the consensus estimate of $743.08 million. OneMain had a net margin of 15.98% and a return on equity of 19.99%. During the same period last year, the firm posted $1.18 EPS.
A number of other research analysts also recently commented on OMF. ValuEngine downgraded shares of OneMain from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Northland Securities raised shares of OneMain from a “market perform” rating to an “outperform” rating and increased their target price for the company from $38.00 to $40.00 in a research report on Wednesday, June 26th. Barclays reaffirmed a “hold” rating on shares of OneMain in a research report on Sunday, August 4th. BMO Capital Markets set a $56.00 target price on shares of OneMain and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Cowen dropped their target price on shares of OneMain from $10.00 to $7.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $40.64.
NYSE OMF opened at $37.18 on Monday. The firm’s fifty day moving average price is $36.70 and its 200 day moving average price is $35.00. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 7.35, a price-to-earnings-growth ratio of 0.59 and a beta of 2.37. OneMain has a 12 month low of $22.47 and a 12 month high of $43.28.
A number of large investors have recently modified their holdings of the stock. Zebra Capital Management LLC boosted its stake in OneMain by 5.6% during the 2nd quarter. Zebra Capital Management LLC now owns 8,253 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 437 shares during the period. EJF Capital LLC boosted its stake in OneMain by 1.3% during the 2nd quarter. EJF Capital LLC now owns 70,066 shares of the financial services provider’s stock worth $2,369,000 after purchasing an additional 893 shares during the period. Strs Ohio boosted its stake in OneMain by 12.3% during the 3rd quarter. Strs Ohio now owns 8,692 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 953 shares during the period. Toronto Dominion Bank acquired a new stake in OneMain during the 2nd quarter worth $32,000. Finally, Bailard Inc. boosted its stake in OneMain by 9.3% during the 2nd quarter. Bailard Inc. now owns 11,800 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 82.65% of the company’s stock.
OneMain Company Profile
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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