Q1 2019 EPS Estimates for OneMain Holdings Inc (OMF) Raised by Analyst
OneMain Holdings Inc (NYSE:OMF) – Wedbush lifted their Q1 2019 earnings per share estimates for shares of OneMain in a research report issued to clients and investors on Wednesday, February 13th. Wedbush analyst H. Coffey now forecasts that the financial services provider will post earnings of $1.34 per share for the quarter, up from their prior estimate of $1.20. Wedbush also issued estimates for OneMain’s Q2 2019 earnings at $1.34 EPS, Q3 2019 earnings at $1.38 EPS, Q4 2019 earnings at $1.55 EPS, FY2019 earnings at $5.60 EPS, Q1 2020 earnings at $1.35 EPS, Q2 2020 earnings at $1.35 EPS, Q3 2020 earnings at $1.66 EPS, FY2020 earnings at $6.20 EPS and FY2021 earnings at $6.75 EPS.
OMF has been the subject of a number of other research reports. ValuEngine lowered shares of OneMain from a “sell” rating to a “strong sell” rating in a report on Thursday, December 13th. JMP Securities upped their target price on shares of OneMain from $39.00 to $44.00 and gave the stock a “market outperform” rating in a report on Wednesday. Zacks Investment Research raised shares of OneMain from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, December 19th. BMO Capital Markets upped their target price on shares of OneMain from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised shares of OneMain from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $34.50 to $32.00 in a report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $37.11.
OneMain (NYSE:OMF) last released its earnings results on Monday, February 11th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.06. OneMain had a net margin of 11.30% and a return on equity of 19.64%. The business had revenue of $882.00 million during the quarter, compared to analyst estimates of $730.46 million.
Several hedge funds have recently made changes to their positions in OMF. Toscafund Asset Management LLP acquired a new position in shares of OneMain during the 3rd quarter valued at about $37,475,000. Clearbridge Investments LLC boosted its position in shares of OneMain by 48.0% during the 3rd quarter. Clearbridge Investments LLC now owns 2,058,533 shares of the financial services provider’s stock valued at $69,187,000 after acquiring an additional 667,296 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of OneMain by 87.9% during the 4th quarter. Prudential Financial Inc. now owns 1,364,655 shares of the financial services provider’s stock valued at $33,147,000 after acquiring an additional 638,277 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of OneMain by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,450,176 shares of the financial services provider’s stock valued at $83,806,000 after acquiring an additional 423,499 shares during the last quarter. Finally, Matarin Capital Management LLC acquired a new position in shares of OneMain during the 3rd quarter valued at about $13,502,000. 91.65% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Jay N. Levine purchased 10,000 shares of the stock in a transaction dated Tuesday, November 20th. The shares were purchased at an average price of $27.65 per share, with a total value of $276,500.00. Following the transaction, the director now owns 3,107,296 shares in the company, valued at approximately $85,916,734.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 43.93% of the company’s stock.
The company also recently declared a special dividend, which will be paid on Friday, March 15th. Stockholders of record on Tuesday, February 26th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 25th.
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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