OneMain (OMF) Scheduled to Post Quarterly Earnings on Thursday

OneMain (NYSE:OMFGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $2.20 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

OneMain (NYSE:OMFGet Rating) last posted its quarterly earnings results on Wednesday, February 2nd. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.07. OneMain had a net margin of 28.60% and a return on equity of 44.08%. The company had revenue of $784.00 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm earned $2.77 EPS. On average, analysts expect OneMain to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of OneMain stock opened at $49.89 on Thursday. The company has a market capitalization of $6.36 billion, a P/E ratio of 5.06 and a beta of 1.78. OneMain has a 1 year low of $42.13 and a 1 year high of $63.19. The business has a 50 day moving average price of $47.53 and a 200 day moving average price of $50.90.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 18th. Stockholders of record on Monday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date was Friday, February 11th. This is a boost from OneMain’s previous quarterly dividend of $0.70. This represents a $3.80 annualized dividend and a dividend yield of 7.62%. OneMain’s payout ratio is currently 38.58%.

A number of brokerages recently weighed in on OMF. Zacks Investment Research downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. Barclays cut their target price on shares of OneMain from $77.00 to $72.00 and set an “overweight” rating for the company in a research report on Monday, January 10th. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $64.00 to $56.00 in a research note on Wednesday, January 19th. Finally, began coverage on shares of OneMain in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $69.67.

In other OneMain news, CEO Douglas H. Shulman bought 1,000 shares of the stock in a transaction dated Tuesday, March 1st. The stock was purchased at an average cost of $48.37 per share, for a total transaction of $48,370.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of OMF. BlackRock Inc. boosted its holdings in OneMain by 7.6% in the 4th quarter. BlackRock Inc. now owns 5,208,629 shares of the financial services provider’s stock worth $260,641,000 after buying an additional 367,427 shares during the period. Goldman Sachs Group Inc. grew its stake in OneMain by 29.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,323,627 shares of the financial services provider’s stock worth $66,234,000 after acquiring an additional 297,650 shares in the last quarter. Barclays PLC grew its stake in OneMain by 161.3% in the 4th quarter. Barclays PLC now owns 450,308 shares of the financial services provider’s stock worth $22,533,000 after acquiring an additional 277,944 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of OneMain by 47.8% during the fourth quarter. Allianz Asset Management GmbH now owns 617,541 shares of the financial services provider’s stock valued at $30,902,000 after purchasing an additional 199,858 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in OneMain in the fourth quarter valued at approximately $8,662,000. 90.92% of the stock is owned by hedge funds and other institutional investors.

OneMain Company Profile (Get Rating)

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.

Further Reading

Earnings History for OneMain (NYSE:OMF)

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