OneMain Holdings, Inc. Expected to Post FY2017 Earnings of $3.50 Per Share (OMF)
OneMain Holdings, Inc. (NYSE:OMF) – Stock analysts at Wedbush dropped their FY2017 EPS estimates for OneMain Holdings in a research note issued on Tuesday. Wedbush analyst H. Coffey now forecasts that the financial services provider will post earnings of $3.50 per share for the year, down from their prior estimate of $3.60. Wedbush also issued estimates for OneMain Holdings’ Q4 2017 earnings at $1.03 EPS.
OneMain Holdings (NYSE:OMF) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.14). OneMain Holdings had a net margin of 4.85% and a return on equity of 14.28%. The firm had revenue of $808.00 million during the quarter, compared to analyst estimates of $800.50 million. During the same period in the prior year, the business earned $0.90 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This news story was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.watchlistnews.com/onemain-holdings-inc-expected-to-post-fy2017-earnings-of-3-50-per-share-omf/1691856.html.
OMF has been the subject of several other research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $28.00 price objective on shares of OneMain Holdings in a report on Friday, July 14th. ValuEngine cut OneMain Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 14th. Jefferies Group LLC restated a “buy” rating and issued a $39.00 price objective (up previously from $30.00) on shares of OneMain Holdings in a report on Wednesday, August 9th. Stephens upgraded OneMain Holdings from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $29.00 to $35.00 in a report on Wednesday, August 23rd. Finally, Northland Securities restated a “hold” rating and issued a $35.00 price objective on shares of OneMain Holdings in a report on Friday, November 3rd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $32.21.
Shares of OneMain Holdings (NYSE OMF) opened at $25.25 on Thursday. OneMain Holdings has a 12 month low of $17.00 and a 12 month high of $33.39. The stock has a market capitalization of $3,762.87, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.57 and a beta of 2.87.
Institutional investors have recently bought and sold shares of the stock. Phocas Financial Corp. grew its holdings in OneMain Holdings by 4.5% during the second quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock worth $4,733,000 after purchasing an additional 8,330 shares during the period. Tributary Capital Management LLC bought a new position in OneMain Holdings during the third quarter worth about $1,068,000. Federated Investors Inc. PA grew its holdings in OneMain Holdings by 46.7% during the second quarter. Federated Investors Inc. PA now owns 436,425 shares of the financial services provider’s stock worth $10,731,000 after purchasing an additional 138,948 shares during the period. Dimensional Fund Advisors LP grew its holdings in OneMain Holdings by 77.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,544,127 shares of the financial services provider’s stock worth $37,971,000 after purchasing an additional 676,203 shares during the period. Finally, OxFORD Asset Management LLP bought a new position in OneMain Holdings during the second quarter worth about $1,423,000. Institutional investors and hedge funds own 95.80% of the company’s stock.
OneMain Holdings 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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