Piper Sandler Equities Analysts Boost Earnings Estimates for OneMain Holdings Inc (NYSE:OMF)

OneMain Holdings Inc (NYSE:OMF) – Stock analysts at Piper Sandler lifted their Q1 2020 earnings estimates for OneMain in a research report issued to clients and investors on Tuesday, February 11th. Piper Sandler analyst K. Barker now anticipates that the financial services provider will earn $1.59 per share for the quarter, up from their prior estimate of $1.43. Piper Sandler also issued estimates for OneMain’s Q2 2020 earnings at $1.72 EPS, Q3 2020 earnings at $1.77 EPS, Q4 2020 earnings at $1.87 EPS, Q1 2021 earnings at $1.74 EPS, Q2 2021 earnings at $1.88 EPS, Q3 2021 earnings at $1.95 EPS and Q4 2021 earnings at $2.06 EPS.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.75 by $0.21. The business had revenue of $855.00 million for the quarter, compared to analysts’ expectations of $832.39 million. OneMain had a net margin of 19.93% and a return on equity of 22.58%. During the same period in the previous year, the company posted $1.39 EPS.

A number of other equities research analysts have also recently issued reports on the stock. Piper Jaffray Companies upped their price objective on shares of OneMain from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. They noted that the move was a valuation call. Stephens upped their price objective on shares of OneMain from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup upped their price objective on shares of OneMain from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday. BTIG Research set a $49.00 price objective on shares of OneMain and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Northland Securities started coverage on shares of OneMain in a report on Thursday, November 21st. They issued a “buy” rating and a $55.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $47.08.

Shares of NYSE:OMF opened at $47.91 on Thursday. The stock has a market capitalization of $6.12 billion, a PE ratio of 7.65, a P/E/G ratio of 0.67 and a beta of 2.28. OneMain has a 1 year low of $29.85 and a 1 year high of $48.84. The firm has a fifty day moving average price of $42.78 and a 200 day moving average price of $40.26.

The company also recently declared a None dividend, which will be paid on Friday, March 13th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $2.83 per share. This represents a yield of 2.1%. This is a boost from OneMain’s previous None dividend of $0.25. The ex-dividend date of this dividend is Tuesday, February 25th. OneMain’s dividend payout ratio is 14.88%.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in OneMain by 11.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,634,781 shares of the financial services provider’s stock valued at $68,906,000 after acquiring an additional 168,565 shares during the period. Bayview Asset Management LLC boosted its holdings in OneMain by 85.0% during the third quarter. Bayview Asset Management LLC now owns 1,503,592 shares of the financial services provider’s stock valued at $55,152,000 after acquiring an additional 691,033 shares during the period. Millennium Management LLC boosted its holdings in OneMain by 5,032.9% during the third quarter. Millennium Management LLC now owns 861,603 shares of the financial services provider’s stock valued at $31,603,000 after acquiring an additional 844,817 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in OneMain by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 822,297 shares of the financial services provider’s stock valued at $34,660,000 after acquiring an additional 22,525 shares during the period. Finally, First Trust Advisors LP boosted its holdings in OneMain by 56.4% during the third quarter. First Trust Advisors LP now owns 666,277 shares of the financial services provider’s stock valued at $24,439,000 after acquiring an additional 240,300 shares during the period. Institutional investors own 83.12% of the company’s stock.

OneMain Company Profile

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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