$1.18 EPS Expected for OneMain Holdings Inc (OMF) This Quarter

Analysts forecast that OneMain Holdings Inc (NYSE:OMF) will post $1.18 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for OneMain’s earnings, with estimates ranging from $1.07 to $1.29. OneMain posted earnings per share of $0.76 during the same quarter last year, which suggests a positive year-over-year growth rate of 55.3%. The business is expected to report 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 $4.77 to $5.09. For the next year, analysts anticipate that the business will post earnings of $5.48 per share, with EPS estimates ranging from $5.18 to $5.77. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover OneMain.

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OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The company had revenue of $799.00 million during the quarter, compared to analysts’ expectations of $798.70 million. OneMain had a net margin of 5.06% and a return on equity of 15.04%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS.

A number of brokerages have recently issued reports on OMF. Janney Montgomery Scott upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, January 31st. JPMorgan Chase lowered shares of OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 target price on the stock. in a research note on Friday, January 12th. Wells Fargo began coverage on shares of OneMain in a research note on Wednesday. They issued an “outperform” rating and a $38.00 target price on the stock. Finally, Compass Point upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. OneMain has an average rating of “Buy” and a consensus target price of $35.33.

NYSE:OMF traded down $1.03 on Friday, reaching $29.52. The stock had a trading volume of 514,455 shares, compared to its average volume of 543,142. The stock has a market cap of $4,142.71, a P/E ratio of 8.34, a PEG ratio of 1.25 and a beta of 2.75. OneMain has a 12-month low of $22.04 and a 12-month high of $36.32.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in OneMain by 21.5% during the fourth quarter. BlackRock Inc. now owns 2,804,528 shares of the financial services provider’s stock worth $72,891,000 after acquiring an additional 497,067 shares during the period. Basswood Capital Management L.L.C. raised its stake in OneMain by 62.9% during the fourth quarter. Basswood Capital Management L.L.C. now owns 2,765,855 shares of the financial services provider’s stock worth $71,885,000 after acquiring an additional 1,068,203 shares during the period. Brandywine Global Investment Management LLC raised its stake in OneMain by 25.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 2,208,738 shares of the financial services provider’s stock worth $57,406,000 after acquiring an additional 451,199 shares during the period. Dimensional Fund Advisors LP raised its stake in OneMain by 22.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,888,253 shares of the financial services provider’s stock worth $53,231,000 after acquiring an additional 344,126 shares during the period. Finally, Eaton Vance Management raised its stake in OneMain by 62.0% during the fourth quarter. Eaton Vance Management now owns 1,550,833 shares of the financial services provider’s stock worth $40,306,000 after acquiring an additional 593,268 shares during the period. Hedge funds and other institutional investors own 94.34% of the company’s stock.

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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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Earnings History and Estimates for OneMain (NYSE:OMF)

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