OneMain Holdings, Inc. (NYSE:OMF) Expected to Post Earnings of $0.88 Per Share

Wall Street brokerages predict that OneMain Holdings, Inc. (NYSE:OMF) will post earnings per share of $0.88 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for OneMain Holdings’ earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $1.02. OneMain Holdings reported earnings of $1.46 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 39.7%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, August 3rd.

According to Zacks, analysts expect that OneMain Holdings will report full year earnings of $3.78 per share for the current fiscal year, with EPS estimates ranging from $3.66 to $3.95. For the next financial year, analysts expect that the business will report earnings of $4.37 per share, with EPS estimates ranging from $4.08 to $5.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover OneMain Holdings.

OneMain Holdings (NYSE:OMF) last announced its earnings results on Wednesday, May 3rd. The financial services provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. OneMain Holdings had a net margin of 3.16% and a return on equity of 17.31%. The company had revenue of $698 million during the quarter, compared to the consensus estimate of $773.82 million. During the same period in the previous year, the firm posted $1.05 earnings per share. The company’s revenue was down 23.1% on a year-over-year basis.

A number of research firms have recently commented on OMF. Zacks Investment Research raised shares of OneMain Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Wednesday, July 19th. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of OneMain Holdings in a report on Tuesday, July 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $28.00 target price on shares of OneMain Holdings in a report on Friday, July 14th. ValuEngine cut shares of OneMain Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $30.00 target price on shares of OneMain Holdings in a report on Friday, July 14th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $27.94.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMF. Sippican Capital Advisors raised its position in OneMain Holdings by 16.0% in the second quarter. Sippican Capital Advisors now owns 33,215 shares of the financial services provider’s stock valued at $817,000 after buying an additional 4,585 shares during the last quarter. Polianta Ltd purchased a new position in OneMain Holdings during the second quarter valued at about $1,182,000. Clearbridge Investments LLC raised its position in OneMain Holdings by 4.3% in the first quarter. Clearbridge Investments LLC now owns 1,416,116 shares of the financial services provider’s stock valued at $35,190,000 after buying an additional 58,933 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in OneMain Holdings by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 12,981 shares of the financial services provider’s stock valued at $323,000 after buying an additional 334 shares during the last quarter. Finally, FNY Partners Fund LP purchased a new position in OneMain Holdings during the first quarter valued at about $186,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

Shares of OneMain Holdings (OMF) traded up 0.04% during trading on Friday, hitting $26.31. 211,268 shares of the company’s stock were exchanged. OneMain Holdings has a 1-year low of $16.03 and a 1-year high of $32.28. The stock has a market cap of $3.56 billion, a PE ratio of 31.97 and a beta of 2.84. The stock’s 50-day moving average price is $24.14 and its 200-day moving average price is $24.41.

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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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Earnings History and Estimates for OneMain Holdings (NYSE:OMF)

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