OneMain (OMF) Getting Somewhat Positive News Coverage, Study Shows
Press coverage about OneMain (NYSE:OMF) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. OneMain earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.7550350877718 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- AM Best Affirms Credit Ratings of Insurance Subsidiaries of OneMain Holdings, Inc. – Business Wire (press release) (businesswire.com)
- OneMain Holdings, Inc. Announces Pricing of $875 Million Aggregate Principal Amount of Senior Notes – Business Wire (press release) (businesswire.com)
- Stock News, Technical Analysis and Trading Ideas – TradersHuddle.com (tradershuddle.com)
- OneMain Holdings, Inc. Announces Proposed Senior Notes Offering (finance.yahoo.com)
OneMain (OMF) opened at $26.43 on Friday. OneMain has a 1 year low of $21.35 and a 1 year high of $33.39. The stock has a market capitalization of $3,434.07, a P/E ratio of 7.74, a P/E/G ratio of 1.44 and a beta of 2.72.
OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.14). OneMain had a return on equity of 14.15% and a net margin of 4.85%. The company had revenue of $808.00 million for the quarter, compared to the consensus estimate of $800.50 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. OneMain’s revenue was up 4.9% compared to the same quarter last year. equities analysts forecast that OneMain will post 3.52 EPS for the current year.
OMF has been the topic of several recent research reports. ValuEngine upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Compass Point lowered OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price objective on the stock. in a research report on Friday, November 3rd. BMO Capital Markets reiterated a “buy” rating on shares of OneMain in a research report on Monday, November 6th. Bank of America lowered OneMain from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research upgraded OneMain from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. OneMain presently has a consensus rating of “Hold” and an average price target of $32.21.
In related news, Director Wesley R. Edens sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $26.00, for a total transaction of $260,000,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 57.73% of the stock is owned by company insiders.
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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