$2.00 Earnings Per Share Expected for OneMain Holdings, Inc. (NYSE:OMF) This Quarter

Wall Street analysts expect OneMain Holdings, Inc. (NYSE:OMF) to post $2.00 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for OneMain’s earnings, with the lowest EPS estimate coming in at $1.54 and the highest estimate coming in at $2.48. OneMain reported earnings per share of $0.80 during the same quarter last year, which suggests a positive year over year growth rate of 150%. The firm is scheduled to report its next earnings report on Monday, July 26th.

According to Zacks, analysts expect that OneMain will report full-year earnings of $9.45 per share for the current fiscal year, with EPS estimates ranging from $8.84 to $10.47. For the next financial year, analysts anticipate that the business will post earnings of $8.22 per share, with EPS estimates ranging from $8.00 to $8.63. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for OneMain.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Sunday, April 25th. The financial services provider reported $3.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.15 by $1.22. OneMain had a return on equity of 37.69% and a net margin of 23.89%. During the same quarter in the previous year, the company earned $0.33 EPS.

A number of analysts have recently weighed in on OMF shares. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Tuesday, May 4th. BMO Capital Markets reiterated a “market perform” rating and set a $60.00 target price on shares of OneMain in a report on Monday, April 26th. JPMorgan Chase & Co. dropped their price target on shares of OneMain from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, April 15th. They noted that the move was a valuation call. Finally, Credit Suisse Group boosted their price target on shares of OneMain from $69.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. OneMain presently has an average rating of “Buy” and an average target price of $54.29.

In related news, insider George G. Hicks sold 1,901,638 shares of the business’s stock in a transaction dated Tuesday, May 4th. The stock was sold at an average price of $51.76, for a total value of $98,428,782.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 4th. The stock was sold at an average price of $51.76, for a total value of $476,192,000.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in OMF. BlackRock Inc. grew its stake in shares of OneMain by 20.9% during the first quarter. BlackRock Inc. now owns 3,607,548 shares of the financial services provider’s stock valued at $193,796,000 after buying an additional 624,413 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of OneMain by 3,548.1% during the fourth quarter. Principal Financial Group Inc. now owns 3,511,474 shares of the financial services provider’s stock valued at $169,112,000 after acquiring an additional 3,415,218 shares in the last quarter. Parsifal Capital Management LP increased its position in shares of OneMain by 16.6% during the first quarter. Parsifal Capital Management LP now owns 1,827,384 shares of the financial services provider’s stock valued at $98,167,000 after acquiring an additional 260,715 shares in the last quarter. Geode Capital Management LLC increased its position in shares of OneMain by 9.9% during the first quarter. Geode Capital Management LLC now owns 1,237,037 shares of the financial services provider’s stock valued at $66,456,000 after acquiring an additional 111,604 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in OneMain by 61.3% in the 1st quarter. Wedge Capital Management L L P NC now owns 1,229,122 shares of the financial services provider’s stock worth $66,028,000 after purchasing an additional 466,985 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:OMF traded up $0.56 on Friday, reaching $59.45. 3,006 shares of the company traded hands, compared to its average volume of 1,252,826. The business has a 50-day simple moving average of $55.78. OneMain has a 52 week low of $22.25 and a 52 week high of $60.64. The stock has a market capitalization of $7.99 billion, a PE ratio of 7.19 and a beta of 2.10.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 13th. Shareholders of record on Thursday, May 6th were issued a $0.70 dividend. This is an increase from OneMain’s previous quarterly dividend of $0.45. This represents a $2.80 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend was Wednesday, May 5th. OneMain’s dividend payout ratio is 46.13%.

About OneMain

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or are unsecured. The company also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.

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Earnings History and Estimates for OneMain (NYSE:OMF)

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