OneMain (NYSE:OMF) released its quarterly earnings results on Wednesday. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01, Bloomberg Earnings reports. OneMain had a return on equity of 14.15% and a net margin of 4.85%. The company had revenue of $799.00 million during the quarter, compared to analysts’ expectations of $798.70 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year.
OneMain (OMF) traded up $0.91 during trading hours on Thursday, hitting $33.22. The company had a trading volume of 622,334 shares, compared to its average volume of 1,027,481. OneMain has a fifty-two week low of $22.04 and a fifty-two week high of $36.32. The firm has a market cap of $4,289.23, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 1.38 and a beta of 2.86.
In related news, Director Fortress Investment Group Llc sold 7,500,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $25.10, for a total value of $188,250,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wesley R. Edens sold 1,000,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total value of $26,000,000.00. The disclosure for this sale can be found here. Company insiders own 57.73% of the company’s stock.
TRADEMARK VIOLATION WARNING: “OneMain (OMF) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS” was first reported by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.themarketsdaily.com/2018/02/15/onemain-omf-releases-quarterly-earnings-results-beats-estimates-by-0-01-eps.html.
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.
Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.