OneMain Holdings, Inc. (OMF) Releases Earnings Results, Misses Estimates By $0.14 EPS

OneMain Holdings, Inc. (NYSE:OMF) issued its earnings results on Wednesday. The financial services provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.14), Bloomberg Earnings reports. The firm had revenue of $808.00 million during the quarter, compared to analyst estimates of $800.50 million. OneMain Holdings had a net margin of 4.85% and a return on equity of 14.28%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 earnings per share.

Shares of OneMain Holdings (NYSE OMF) traded up $0.97 during mid-day trading on Friday, hitting $32.14. The stock had a trading volume of 686,974 shares, compared to its average volume of 676,187. The company has a market cap of $4.41 billion, a P/E ratio of 9.94 and a beta of 2.87.

A number of research analysts recently commented on the company. ValuEngine lowered OneMain Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $28.00 price objective on shares of OneMain Holdings in a research note on Friday, July 14th. Jefferies Group LLC reiterated a “buy” rating and set a $39.00 price objective (up from $30.00) on shares of OneMain Holdings in a research note on Wednesday, August 9th. Northland Securities reiterated a “hold” rating and set a $35.00 price objective on shares of OneMain Holdings in a research note on Friday. Finally, Compass Point lowered OneMain Holdings from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a research note on Friday. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $31.06.

ILLEGAL ACTIVITY WARNING: “OneMain Holdings, Inc. (OMF) Releases Earnings Results, Misses Estimates By $0.14 EPS” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.com-unik.info/2017/11/03/onemain-holdings-inc-omf-releases-earnings-results-misses-estimates-by-0-14-eps.html.

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.

Earnings History for OneMain Holdings (NYSE:OMF)

What are top analysts saying about OneMain Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for OneMain Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit