Equities analysts expect OneMain Holdings Inc (NYSE:OMF) to post $0.23 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for OneMain’s earnings, with the lowest EPS estimate coming in at ($0.13) and the highest estimate coming in at $0.49. OneMain posted earnings of $1.62 per share during the same quarter last year, which would suggest a negative year over year growth rate of 85.8%. The company is scheduled to report its next earnings report on Monday, August 3rd.
According to Zacks, analysts expect that OneMain will report full-year earnings of $1.63 per share for the current financial year, with EPS estimates ranging from $0.82 to $2.64. For the next financial year, analysts anticipate that the business will post earnings of $4.63 per share, with EPS estimates ranging from $3.33 to $6.02. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow OneMain.
OneMain (NYSE:OMF) last released its earnings results on Monday, April 27th. The financial services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($1.22). OneMain had a return on equity of 19.85% and a net margin of 16.55%. The firm had revenue of $851.00 million for the quarter, compared to the consensus estimate of $831.55 million. During the same period in the prior year, the business earned $1.37 EPS.
Several analysts recently commented on the company. ValuEngine upgraded OneMain from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 2nd. TheStreet cut OneMain from a “b-” rating to a “c+” rating in a research report on Friday, March 27th. Royal Bank of Canada reiterated a “buy” rating and set a $35.00 price target on shares of OneMain in a research report on Thursday, April 30th. Wells Fargo & Co reiterated a “buy” rating on shares of OneMain in a research report on Monday, April 20th. Finally, Wedbush lowered their price target on OneMain from $55.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $38.39.
Shares of OneMain stock opened at $23.96 on Thursday. The business’s 50 day simple moving average is $25.14 and its 200-day simple moving average is $30.92. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 4.45 and a beta of 2.40. OneMain has a twelve month low of $12.21 and a twelve month high of $48.92.
The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This is a positive change from OneMain’s previous quarterly dividend of $0.25. This represents a $1.32 dividend on an annualized basis and a yield of 5.51%. OneMain’s dividend payout ratio is presently 19.64%.
In other OneMain news, CFO Micah R. Conrad acquired 2,500 shares of OneMain stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $18.86 per share, for a total transaction of $47,150.00. Following the purchase, the chief financial officer now directly owns 25,299 shares in the company, valued at approximately $477,139.14. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 2.45% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of OneMain by 29.7% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,655 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 379 shares during the period. Cadence Capital Management LLC increased its position in OneMain by 2.2% during the first quarter. Cadence Capital Management LLC now owns 23,320 shares of the financial services provider’s stock valued at $446,000 after acquiring an additional 495 shares during the last quarter. Orion Portfolio Solutions LLC bought a new position in OneMain during the fourth quarter valued at $32,000. Steward Partners Investment Advisory LLC increased its position in OneMain by 184.2% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,435 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 930 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in OneMain during the fourth quarter valued at $46,000. Institutional investors own 83.77% 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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