OneMain (OMF) Scheduled to Post Quarterly Earnings on Wednesday

OneMain (NYSE:OMFGet Free Report) will announce its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.23 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

OneMain (NYSE:OMFGet Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same quarter last year, the business earned $1.01 EPS. On average, analysts expect OneMain to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

OneMain Stock Performance

NYSE:OMF opened at $48.07 on Tuesday. The company has a market capitalization of $5.76 billion, a PE ratio of 9.37, a P/E/G ratio of 0.89 and a beta of 1.56. The company has a 50 day simple moving average of $46.98 and a two-hundred day simple moving average of $48.29. OneMain has a fifty-two week low of $35.13 and a fifty-two week high of $54.94.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date was Monday, August 12th. OneMain’s dividend payout ratio is presently 81.09%.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the chief executive officer now directly owns 417,474 shares in the company, valued at $20,873,700. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Douglas H. Shulman sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the chief executive officer now directly owns 417,474 shares in the company, valued at approximately $20,873,700. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Micah R. Conrad sold 886 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $44,300.00. Following the completion of the sale, the chief operating officer now owns 104,739 shares in the company, valued at $5,236,950. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,300 shares of company stock worth $1,534,275 in the last ninety days. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research report on Saturday. JMP Securities reissued a “market outperform” rating and issued a $60.00 price target on shares of OneMain in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of OneMain from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Northland Securities lifted their price target on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Barclays downgraded shares of OneMain from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $52.00 to $46.00 in a research report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, OneMain has an average rating of “Moderate Buy” and a consensus price target of $54.00.

View Our Latest Stock Analysis on OMF

About OneMain

(Get Free Report)

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

See Also

Earnings History for OneMain (NYSE:OMF)

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