OneMain (OMF) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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.

Several research firms have recently issued reports on OMF. Zacks Investment Research raised OneMain from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Wednesday, January 31st. JPMorgan Chase & Co. cut OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price target for the company. in a research note on Friday, January 12th. Northland Securities reissued a “hold” rating and issued a $35.00 price target on shares of OneMain in a research note on Friday, November 3rd. Compass Point raised OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Finally, Barclays reaffirmed a “hold” rating and set a $35.00 target price on shares of OneMain in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. OneMain has an average rating of “Buy” and a consensus price target of $34.62.

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About OneMain

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.

Earnings History for OneMain (NYSE:OMF)

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