$668.86 Million in Sales Expected for OneMain Holdings Inc (OMF) This Quarter

Wall Street brokerages predict that OneMain Holdings Inc (NYSE:OMF) will post sales of $668.86 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for OneMain’s earnings, with the lowest sales estimate coming in at $655.00 million and the highest estimate coming in at $687.80 million. OneMain reported sales of $557.00 million in the same quarter last year, which indicates a positive year over year growth rate of 20.1%. The firm is scheduled to announce its next earnings results on Wednesday, May 2nd.

On average, analysts expect that OneMain will report full year sales of $668.86 million for the current year, with estimates ranging from $2.68 billion to $2.82 billion. For the next financial year, analysts anticipate that the business will post sales of $2.99 billion per share, with estimates ranging from $2.90 billion to $3.07 billion. Zacks’ sales averages are an average based on a survey of analysts that follow OneMain.

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

Several equities analysts have recently weighed in on OMF shares. JPMorgan Chase lowered shares of OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price objective on the stock. in a research report on Friday, January 12th. Zacks Investment Research raised shares of OneMain from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Compass Point raised shares of OneMain from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Bank of America raised shares of OneMain from a “neutral” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Thursday, January 4th. Finally, Barclays reissued a “hold” rating and issued a $35.00 price objective on shares of OneMain in a research report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.33.

Shares of OMF traded down $0.23 during trading hours on Monday, hitting $29.29. The company had a trading volume of 465,052 shares, compared to its average volume of 881,669. The firm has a market capitalization of $4,003.04, a PE ratio of 8.27, a PEG ratio of 1.20 and a beta of 2.74. OneMain has a 12 month low of $22.04 and a 12 month high of $36.32.

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of OneMain in the third quarter valued at about $119,000. State of Alaska Department of Revenue acquired a new stake in OneMain during the fourth quarter worth about $142,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in OneMain during the fourth quarter worth about $164,000. Meadow Creek Investment Management LLC acquired a new stake in OneMain during the fourth quarter worth about $199,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in OneMain during the third quarter worth about $206,000. Institutional investors and hedge funds 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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