OneMain Holdings Inc (NYSE:OMF) – Analysts at Wedbush lifted their Q3 2019 earnings per share estimates for OneMain in a research report issued to clients and investors on Thursday, October 17th. Wedbush analyst H. Coffey now forecasts that the financial services provider will post earnings of $1.55 per share for the quarter, up from their prior estimate of $1.49. Wedbush currently has a “Outperform” rating and a $45.00 target price on the stock. Wedbush also issued estimates for OneMain’s FY2019 earnings at $6.15 EPS, Q1 2020 earnings at $1.60 EPS and Q3 2020 earnings at $1.71 EPS.
A number of other equities analysts also recently commented on OMF. Compass Point upped their price objective on shares of OneMain from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Cowen cut their price objective on shares of OneMain from $10.00 to $7.00 and set a “market perform” rating for the company in a research report on Tuesday, August 6th. Barclays restated a “hold” rating on shares of OneMain in a research report on Sunday, August 4th. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research report on Thursday, October 10th. Finally, Northland Securities upgraded shares of OneMain from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $38.00 to $40.00 in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $40.64.
OneMain (NYSE:OMF) last released its quarterly earnings results on Monday, July 29th. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.35 by $0.27. The firm had revenue of $762.00 million during the quarter, compared to the consensus estimate of $743.08 million. OneMain had a net margin of 15.98% and a return on equity of 19.99%. During the same quarter in the prior year, the firm earned $1.18 EPS.
Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP bought a new position in shares of OneMain in the 1st quarter valued at about $2,520,000. Nordea Investment Management AB bought a new position in shares of OneMain in the 1st quarter valued at about $4,165,000. First Trust Advisors LP lifted its holdings in shares of OneMain by 20.5% in the 1st quarter. First Trust Advisors LP now owns 373,912 shares of the financial services provider’s stock valued at $11,872,000 after acquiring an additional 63,546 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of OneMain in the 2nd quarter valued at about $541,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of OneMain in the 2nd quarter valued at about $519,000. Institutional investors and hedge funds own 82.65% 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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