OneMain Holdings, Inc. (NYSE:OMF) - Research analysts at DA Davidson issued their Q2 2017 EPS estimates for shares of OneMain Holdings in a report released on Monday. DA Davidson analyst A. Cyganovich expects that the financial services provider will post earnings of $0.88 per share for the quarter. DA Davidson has a “Buy” rating and a $31.00 price objective on the stock. DA Davidson also issued estimates for OneMain Holdings’ Q3 2017 earnings at $1.05 EPS, Q4 2017 earnings at $1.08 EPS, FY2017 earnings at $3.77 EPS, Q1 2018 earnings at $0.89 EPS, Q2 2018 earnings at $1.05 EPS, Q3 2018 earnings at $1.28 EPS, Q4 2018 earnings at $1.19 EPS, FY2018 earnings at $4.41 EPS and FY2019 earnings at $4.94 EPS.
OneMain Holdings (NYSE:OMF) last posted its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. OneMain Holdings had a return on equity of 17.31% and a net margin of 3.16%. The company had revenue of $698 million for the quarter, compared to analysts’ expectations of $773.82 million. During the same period in the previous year, the firm earned $1.05 EPS. The firm’s revenue was down 23.1% compared to the same quarter last year.
Other equities analysts also recently issued research reports about the company. ValuEngine downgraded OneMain Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 14th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $28.00 target price on shares of OneMain Holdings in a research report on Friday, July 14th. Bank of America Corporation upgraded OneMain Holdings from an “underperform” rating to a “buy” rating and raised their target price for the company from $23.00 to $28.00 in a research report on Thursday, May 11th. Zacks Investment Research upgraded OneMain Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday. Finally, Jefferies Group LLC restated a “buy” rating and issued a $30.00 target price on shares of OneMain Holdings in a research report on Friday, July 14th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $27.94.
OneMain Holdings (OMF) opened at 25.98 on Thursday. The company has a 50-day moving average price of $24.14 and a 200-day moving average price of $24.41. The stock has a market capitalization of $3.52 billion, a PE ratio of 31.57 and a beta of 2.84. OneMain Holdings has a 12-month low of $16.03 and a 12-month high of $32.28.
A number of institutional investors have recently made changes to their positions in OMF. Wedge Capital Management L L P NC bought a new position in shares of OneMain Holdings during the first quarter worth approximately $22,362,000. First Trust Advisors LP increased its position in shares of OneMain Holdings by 233.5% in the first quarter. First Trust Advisors LP now owns 664,101 shares of the financial services provider’s stock worth $16,503,000 after buying an additional 465,000 shares during the last quarter. Norges Bank bought a new position in shares of OneMain Holdings during the fourth quarter worth approximately $8,970,000. American Century Companies Inc. bought a new position in shares of OneMain Holdings during the first quarter worth approximately $9,380,000. Finally, Vanguard Group Inc. increased its position in shares of OneMain Holdings by 4.8% in the first quarter. Vanguard Group Inc. now owns 4,229,032 shares of the financial services provider’s stock worth $105,091,000 after buying an additional 191,932 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.
About OneMain Holdings
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.
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