OneMain Holdings, Inc. (NYSE:OMF) Expected to Post Quarterly Sales of $866.16 Million

Equities analysts predict that OneMain Holdings, Inc. (NYSE:OMF – Get Rating) will post sales of $866.16 million for the current quarter, according to Zacks. Six analysts have made estimates for OneMain’s earnings, with the highest sales estimate coming in at $881.19 million and the lowest estimate coming in at $848.00 million. OneMain posted sales of $825.00 million in the same quarter last year, which suggests a positive year over year growth rate of 5%. The firm is expected to issue its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that OneMain will report full year sales of $3.62 billion for the current financial year, with estimates ranging from $3.53 billion to $3.68 billion. For the next year, analysts anticipate that the firm will post sales of $3.96 billion, with estimates ranging from $3.84 billion to $4.16 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow OneMain.

OneMain (NYSE:OMF – Get Rating) last released its quarterly earnings data on Wednesday, February 2nd. The financial services provider reported $2.38 EPS for the quarter, beating the 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 business had revenue of $784.00 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned $2.77 EPS.

OMF has been the subject of several analyst reports. Zacks Investment Research cut shares of OneMain from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $64.00 to $56.00 in a research report on Wednesday, January 19th. StockNews.com assumed coverage on shares of OneMain in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Barclays reduced their price objective 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. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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 shares were acquired 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 available at this hyperlink. Company insiders own 0.13% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Lindbrook Capital LLC grew its position in OneMain by 66.3% in the 1st quarter. Lindbrook Capital LLC now owns 547 shares of the financial services provider’s stock valued at $26,000 after buying an additional 218 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in OneMain in the 3rd quarter valued at $40,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in OneMain by 198.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 872 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 580 shares during the period. Western Pacific Wealth Management LP acquired a new stake in OneMain in the fourth quarter valued at $50,000. Finally, Lazard Asset Management LLC lifted its holdings in OneMain by 19.1% in the fourth quarter. Lazard Asset Management LLC now owns 1,353 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 217 shares during the period. Hedge funds and other institutional investors own 90.92% of the company’s stock.

OMF opened at $47.04 on Friday. The firm has a fifty day moving average price of $47.36 and a 200 day moving average price of $50.76. OneMain has a 1 year low of $42.13 and a 1 year high of $63.19. The stock has a market cap of $6.00 billion, a P/E ratio of 4.78 and a beta of 1.78.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 18th. Stockholders of record on Monday, February 14th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, February 11th. This is a positive change from OneMain’s previous quarterly dividend of $0.70. This represents a $3.80 dividend on an annualized basis and a dividend yield of 8.08%. OneMain’s dividend payout ratio (DPR) is 38.58%.

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.

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