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

OneMain (NYSE:OMF) released its quarterly earnings results on Wednesday. The financial services provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.01, Bloomberg Earnings reports. The firm had revenue of $799.00 million during the quarter, compared to analysts’ expectations of $798.70 million. OneMain had a return on equity of 14.15% and a net margin of 4.85%. OneMain’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS.

OneMain (NYSE OMF) traded up $0.91 during mid-day trading on Thursday, hitting $33.22. The company had a trading volume of 622,334 shares, compared to its average volume of 1,027,481. The firm has a market cap of $4,289.23, a price-to-earnings ratio of 9.66, a P/E/G ratio of 1.38 and a beta of 2.86. OneMain has a twelve month low of $22.04 and a twelve month high of $36.32.

A number of research firms have weighed in on OMF. Zacks Investment Research upgraded OneMain from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Wednesday, January 31st. Jefferies Group reiterated a “buy” rating and set a $48.00 target price on shares of OneMain in a research note on Thursday, January 11th. Compass Point cut OneMain from a “buy” rating to a “neutral” rating and set a $31.00 target price for the company. in a research note on Friday, November 3rd. BMO Capital Markets increased their target price on OneMain from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, Barclays reiterated a “hold” rating and set a $35.00 target price on shares of OneMain in a research note on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. OneMain currently has a consensus rating of “Buy” and a consensus price target of $34.62.

In related news, Director Fortress Investment Group Llc sold 7,500,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $25.10, for a total transaction of $188,250,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Wesley R. Edens sold 1,000,000 shares of the company’s stock in a transaction that occurred 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. Corporate insiders own 57.73% of the company’s stock.

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OneMain Company Profile

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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