Brokerages expect OneMain Holdings Inc (NYSE:OMF) to post $1.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for OneMain’s earnings. The lowest EPS estimate is $1.07 and the highest is $1.29. OneMain posted earnings of $0.76 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 55.3%. The company is expected to announce its next earnings results on Wednesday, May 2nd.
On average, analysts expect that OneMain will report full-year earnings of $4.91 per share for the current financial year, with EPS estimates ranging from $4.80 to $5.09. For the next year, analysts forecast that the company will report earnings of $5.55 per share, with EPS estimates ranging from $5.44 to $5.77. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for OneMain.
OneMain (NYSE:OMF) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.01. OneMain had a net margin of 5.06% and a return on equity of 15.04%. The business had revenue of $799.00 million during the quarter, compared to the consensus estimate of $798.70 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year.
In related news, Director Fortress Investment Group Llc sold 7,500,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $25.10, for a total value of $188,250,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 57.73% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in shares of OneMain by 5.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 194,040 shares of the financial services provider’s stock valued at $5,471,000 after acquiring an additional 9,618 shares during the period. Prudential Financial Inc. acquired a new stake in shares of OneMain during the 3rd quarter valued at approximately $583,000. Polianta Ltd acquired a new stake in shares of OneMain during the 4th quarter valued at approximately $1,177,000. Gruss Capital Management LP lifted its position in shares of OneMain by 37.1% during the 3rd quarter. Gruss Capital Management LP now owns 975,000 shares of the financial services provider’s stock valued at $27,485,000 after acquiring an additional 264,000 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in shares of OneMain by 197.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,423 shares of the financial services provider’s stock valued at $1,478,000 after acquiring an additional 34,792 shares during the period. Hedge funds and other institutional investors own 94.34% of the company’s stock.
Shares of OneMain (OMF) opened at $31.57 on Wednesday. OneMain has a 12 month low of $22.04 and a 12 month high of $36.32. The firm has a market cap of $4,260.00, a PE ratio of 16.27, a PEG ratio of 1.31 and a beta of 2.79.
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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