OneMain Holdings Inc (NYSE:OMF) Expected to Announce Quarterly Sales of $743.08 Million
Equities analysts expect that OneMain Holdings Inc (NYSE:OMF) will post sales of $743.08 million for the current quarter, according to Zacks. Seven analysts have issued estimates for OneMain’s earnings. The highest sales estimate is $754.00 million and the lowest is $727.00 million. OneMain posted sales of $685.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The firm is expected to report its next earnings report after the market closes on Monday, July 29th.
According to Zacks, analysts expect that OneMain will report full year sales of $3.02 billion for the current year, with estimates ranging from $2.97 billion to $3.04 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.24 billion, with estimates ranging from $3.21 billion to $3.27 billion. Zacks’ sales averages are an average based on a survey of analysts that cover OneMain.
OneMain (NYSE:OMF) last released its quarterly earnings data on Monday, April 29th. The financial services provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.05. OneMain had a return on equity of 19.22% and a net margin of 11.73%. The business had revenue of $720.00 million during the quarter, compared to analysts’ expectations of $735.94 million. During the same quarter last year, the business posted $1.18 EPS.
NYSE OMF traded down $0.79 on Friday, hitting $34.01. The company’s stock had a trading volume of 421,274 shares, compared to its average volume of 537,662. OneMain has a 52-week low of $22.47 and a 52-week high of $37.29. The firm’s 50-day simple moving average is $32.66. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 6.72, a P/E/G ratio of 0.60 and a beta of 2.41.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in OneMain by 96.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,075 shares of the financial services provider’s stock valued at $26,000 after buying an additional 528 shares in the last quarter. CWM LLC bought a new stake in shares of OneMain in the 1st quarter worth $79,000. Twin Tree Management LP increased its holdings in shares of OneMain by 19.4% in the 1st quarter. Twin Tree Management LP now owns 2,780 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 451 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of OneMain by 211.5% in the 1st quarter. Advisors Asset Management Inc. now owns 4,772 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 3,240 shares in the last quarter. Finally, Quantamental Technologies LLC increased its holdings in shares of OneMain by 49.1% in the 1st quarter. Quantamental Technologies LLC now owns 6,156 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 2,027 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.
OneMain Company Profile
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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