$1.93 EPS Expected for OneMain Holdings, Inc. (NYSE:OMF) This Quarter

Equities analysts expect that OneMain Holdings, Inc. (NYSE:OMFGet Rating) will report earnings of $1.93 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for OneMain’s earnings, with the lowest EPS estimate coming in at $1.71 and the highest estimate coming in at $2.34. OneMain reported earnings per share of $2.66 during the same quarter last year, which would indicate a negative year-over-year growth rate of 27.4%. The company is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that OneMain will report full year earnings of $8.68 per share for the current financial year, with EPS estimates ranging from $8.28 to $9.59. For the next fiscal year, analysts anticipate that the company will report earnings of $9.03 per share, with EPS estimates ranging from $8.46 to $9.91. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover OneMain.

OneMain (NYSE:OMFGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The financial services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.20 by $0.15. OneMain had a return on equity of 40.03% and a net margin of 25.60%. During the same period last year, the company earned $3.37 EPS.

A number of brokerages have recently issued reports on OMF. Zacks Investment Research lowered OneMain from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Citigroup lowered their price target on OneMain from $72.00 to $54.00 in a research note on Monday, May 2nd. StockNews.com began coverage on OneMain in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $75.00 price target on shares of OneMain in a research note on Friday, April 29th. Finally, JPMorgan Chase & Co. lowered their price target on OneMain from $64.00 to $56.00 in a research note on Wednesday, January 19th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, OneMain currently has a consensus rating of “Buy” and a consensus price target of $67.67.

In other OneMain news, CEO Douglas H. Shulman bought 1,000 shares of OneMain stock in a transaction on Tuesday, March 1st. The shares were bought at an average price of $48.37 per share, for a total transaction of $48,370.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas H. Shulman acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average price of $40.64 per share, for a total transaction of $101,600.00. Following the acquisition, the chief executive officer now directly owns 348,612 shares in the company, valued at approximately $14,167,591.68. The disclosure for this purchase can be found here. Insiders acquired 4,000 shares of company stock worth $172,295 in the last 90 days. Company insiders own 0.13% of the company’s stock.

Several hedge funds have recently bought and sold shares of OMF. Lindbrook Capital LLC raised its holdings in shares of 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 period. AGF Investments LLC purchased a new stake in shares of OneMain in the 1st quarter valued at $34,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of OneMain in the 3rd quarter valued at $40,000. Whittier Trust Co. of Nevada Inc. grew its stake in OneMain by 198.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 872 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 580 shares in the last quarter. Finally, Western Pacific Wealth Management LP acquired a new position in OneMain during the 4th quarter worth $50,000. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Shares of NYSE:OMF traded up $0.01 during trading on Wednesday, reaching $40.26. The stock had a trading volume of 32,723 shares, compared to its average volume of 1,337,102. The business has a fifty day moving average price of $46.11 and a 200-day moving average price of $49.77. The stock has a market cap of $5.04 billion, a PE ratio of 4.42 and a beta of 1.69. OneMain has a 1-year low of $39.89 and a 1-year high of $63.19.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Shareholders of record on Monday, May 9th will be given a $0.95 dividend. The ex-dividend date is Friday, May 6th. This represents a $3.80 dividend on an annualized basis and a yield of 9.44%. OneMain’s dividend payout ratio is currently 41.53%.

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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Earnings History and Estimates for OneMain (NYSE:OMF)

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