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.
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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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