Wall Street analysts predict that OneMain Holdings Inc (NYSE:OMF) will post earnings per share of $1.05 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for OneMain’s earnings, with estimates ranging from $1.03 to $1.06. OneMain reported earnings of $0.80 per share in the same quarter last year, which would suggest a positive year over year growth rate of 31.3%. The company is expected to report its next quarterly earnings report after the market closes on Wednesday, February 14th.
According to Zacks, analysts expect that OneMain will report full-year earnings of $3.52 per share for the current year, with EPS estimates ranging from $3.50 to $3.53. For the next fiscal year, analysts expect that the firm will post earnings of $4.58 per share, with EPS estimates ranging from $4.00 to $5.00. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for OneMain.
OneMain (NYSE:OMF) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.14). The company had revenue of $808.00 million during the quarter, compared to analysts’ expectations of $800.50 million. OneMain had a net margin of 4.85% and a return on equity of 14.15%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share.
OneMain (NYSE:OMF) traded down $1.45 during midday trading on Thursday, hitting $30.03. 355,352 shares of the company were exchanged, compared to its average volume of 1,056,140. The stock has a market cap of $4,140.00, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 1.39 and a beta of 2.86. OneMain has a 1 year low of $22.04 and a 1 year high of $35.11.
In other news, Director Wesley R. Edens sold 10,000,000 shares of OneMain stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $26.00, for a total value of $260,000,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Wesley R. Edens sold 1,000,000 shares of OneMain stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $26.00, for a total transaction of $26,000,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 18,500,000 shares of company stock worth $474,250,000 over the last three months. 57.73% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Phocas Financial Corp. boosted its holdings in shares of OneMain by 4.5% in the second quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock valued at $4,733,000 after acquiring an additional 8,330 shares in the last quarter. Tributary Capital Management LLC purchased a new stake in shares of OneMain in the third quarter valued at about $1,068,000. Bank of New York Mellon Corp boosted its holdings in shares of OneMain by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 194,040 shares of the financial services provider’s stock valued at $5,471,000 after acquiring an additional 9,618 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of OneMain in the third quarter valued at about $583,000. Finally, HL Financial Services LLC boosted its holdings in shares of OneMain by 65.4% in the third quarter. HL Financial Services LLC now owns 55,400 shares of the financial services provider’s stock valued at $1,562,000 after acquiring an additional 21,900 shares in the last quarter. 95.88% of the stock is currently owned by institutional investors and hedge funds.
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OneMain Company Profile
OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.
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