Zacks: Brokerages Expect OneMain Holdings Inc (NYSE:OMF) Will Announce Earnings of $1.54 Per Share

Equities analysts forecast that OneMain Holdings Inc (NYSE:OMF) will announce earnings per share (EPS) of $1.54 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for OneMain’s earnings, with estimates ranging from $1.45 to $1.62. OneMain reported earnings of $1.31 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.6%. The firm is scheduled to announce its next earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that OneMain will report full year earnings of $6.02 per share for the current year, with EPS estimates ranging from $5.61 to $6.29. For the next year, analysts forecast that the firm will report earnings of $6.37 per share, with EPS estimates ranging from $6.00 to $6.79. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover OneMain.

OneMain (NYSE:OMF) last released its quarterly earnings data on Monday, July 29th. The financial services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.27. OneMain had a net margin of 15.98% and a return on equity of 20.44%. The business had revenue of $762.00 million during the quarter, compared to analyst estimates of $743.08 million. During the same period in the previous year, the business earned $1.18 EPS.

OMF has been the subject of a number of recent research reports. BMO Capital Markets set a $56.00 price objective on shares of OneMain and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wedbush upgraded shares of OneMain from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $35.00 to $45.00 in a research note on Tuesday, July 30th. JPMorgan Chase & Co. upgraded shares of OneMain from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $37.50 to $41.00 in a research note on Tuesday, July 16th. Cowen reduced their price objective on shares of OneMain from $10.00 to $7.00 and set a “market perform” rating for the company in a research note on Tuesday. Finally, Piper Jaffray Companies set a $48.00 price target on shares of OneMain and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. OneMain has a consensus rating of “Buy” and a consensus price target of $41.27.

OneMain stock traded down $0.18 during mid-day trading on Friday, reaching $39.49. The company’s stock had a trading volume of 635,537 shares, compared to its average volume of 555,529. OneMain has a 12-month low of $22.47 and a 12-month high of $43.28. The firm has a market cap of $5.32 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.68 and a beta of 2.44. The stock has a fifty day moving average of $35.23.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.53%. OneMain’s dividend payout ratio (DPR) is currently 19.76%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its position in OneMain by 33.0% in the first quarter. Global Retirement Partners LLC now owns 1,430 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 355 shares in the last quarter. CWM LLC bought a new position in shares of OneMain during the first quarter valued at about $79,000. Twin Tree Management LP raised its stake in shares of OneMain by 19.4% during the first quarter. Twin Tree Management LP now owns 2,780 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 451 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of OneMain by 211.5% during the first quarter. Advisors Asset Management Inc. now owns 4,772 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 3,240 shares during the last quarter. Finally, Quantamental Technologies LLC raised its stake in shares of OneMain by 49.1% during the first quarter. Quantamental Technologies LLC now owns 6,156 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 2,027 shares during the last quarter. Hedge funds and other institutional investors own 91.02% of the company’s stock.

About OneMain

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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