Wall Street brokers expect OneMain Holdings, Inc. (NYSE:OMF) to report $871.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts provided earnings estimates for OneMain. The lowest sales estimate is $848.00 million and the highest is $912.69 million. OneMain recorded sales of $825.00 million in the same quarter last year, which would indicate a positive growth rate of 5.6% year over year. The company is due to release its next earnings report on Monday, April 25.
According to Zacks, analysts expect OneMain to post annual revenue of $3.65 billion in the current fiscal year, with estimates ranging from $3.53 billion to $3.76 billion. dollars. For the next fiscal year, analysts expect the company to post sales of $4.01 billion, with estimates ranging from $3.94 billion to $4.16 billion. Zacks Investment Research’s sell calculations are an average average based on a survey of sell-side analysts who track OneMain.
OneMain Inc (NYSE:OMF) last released quarterly earnings data on Wednesday, February 2. The financial services provider reported earnings per share (EPS) of $2.38 for the quarter, beating Zacks’ consensus estimate of $2.31 by $0.07. The company posted revenue of $784.00 million in the quarter, compared to $1.06 billion expected by analysts. OneMain had a net margin of 30.87% and a return on equity of 44.81%. During the same period of the previous year, the company achieved EPS of $2.77.
Several brokerages have published reports on OMF. JPMorgan Chase & Co. cut its price target on OneMain shares from $64.00 to $56.00 in a Wednesday, January 19 research report. Seaport Research Partners began covering OneMain shares in a research note on Thursday, December 2. They set a “neutral” rating on the stock. StockNews.com upgraded OneMain shares from a “hold” rating to a “buy” rating in a Monday, Feb. 14 research note. Zacks Investment Research upgraded OneMain shares from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, JMP Securities cut its price target on OneMain shares from $72.00 to $68.00 and set a “market outperformance” rating on the stock in a Thursday, Dec. 16 research note. Five research analysts gave the stock a hold rating and eleven gave the stock a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $70.67.
Several hedge funds have recently increased or reduced their stake in OMF. Comerica Bank increased its position in OneMain by 8.7% during the fourth quarter. Comerica Bank now owns 299,063 shares of the financial services provider valued at $15,674,000 after buying an additional 24,032 shares in the last quarter. Eagle Rock Investment Company LLC purchased a new stake in OneMain during the fourth quarter valued at approximately $3,010,000. Goldman Sachs Group Inc. increased its position in OneMain by 29.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,323,627 shares of the financial services provider valued at $66,234,000 after buying an additional 297,650 shares in the last quarter. Penn Capital Management Company LLC increased its position in OneMain by 114.1% during the fourth quarter. Penn Capital Management Company LLC now owns 25,499 shares of the financial services provider valued at $1,310,000 after buying 13,588 additional shares in the last quarter. Finally, Oliver Luxxe Assets LLC increased its position in OneMain by 14.2% during the fourth quarter. Oliver Luxxe Assets LLC now owns 11,082 shares of the financial services provider valued at $555,000 after buying 1,377 additional shares in the last quarter. Institutional investors hold 88.24% of the company’s shares.
NYSE OMF shares opened at $52.53 on Friday. OneMain has a 52-week low of $45.84 and a 52-week high of $63.19. The company has a 50-day moving average price of $51.82 and a two-hundred-day moving average price of $54.27. The stock has a market capitalization of $6.70 billion, a P/E ratio of 5.00 and a beta of 1.95.
The company also recently announced a quarterly dividend, which was paid on Friday, February 18. Shareholders of record on Monday, February 14 received a dividend of $0.95. This is an increase from OneMain’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, February 11. This represents an annualized dividend of $3.80 and a dividend yield of 7.23%. OneMain’s dividend payout ratio (DPR) is currently 36.19%.
OneMain Holdings, Inc is a consumer finance company, which provides origination, underwriting and servicing services for personal loans, primarily to non-preferred customers. It operates through Consumer & Insurance and Other segments. The Consumer Goods and Insurance segment includes secured and unsecured personal loan services, voluntary credit and non-credit insurance, and related products through its combined branch network, digital platform and centralized operations .
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