OneMain Holdings Inc (NYSE:OMF) – Stock analysts at Piper Jaffray Companies decreased their Q2 2019 earnings per share estimates for shares of OneMain in a research note issued on Tuesday, April 30th, Zacks Investment Research reports. Piper Jaffray Companies analyst K. Barker now forecasts that the financial services provider will earn $1.32 per share for the quarter, down from their prior estimate of $1.34. Piper Jaffray Companies also issued estimates for OneMain’s Q3 2019 earnings at $1.39 EPS, Q4 2019 earnings at $1.38 EPS, FY2019 earnings at $5.46 EPS, Q1 2020 earnings at $1.26 EPS, Q2 2020 earnings at $1.38 EPS, Q3 2020 earnings at $1.54 EPS, Q4 2020 earnings at $1.58 EPS and FY2020 earnings at $5.76 EPS.
A number of other equities analysts have also weighed in on OMF. Zacks Investment Research lowered shares of OneMain from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. ValuEngine raised shares of OneMain from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. JMP Securities boosted their price objective on shares of OneMain from $39.00 to $44.00 and gave the company a “market outperform” rating in a research report on Wednesday, February 13th. BMO Capital Markets boosted their price objective on shares of OneMain from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, February 13th. Finally, TheStreet raised shares of OneMain from a “c+” rating to a “b-” rating in a research report on Tuesday, February 19th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $39.00.
Shares of NYSE:OMF traded up $0.49 during trading on Thursday, reaching $31.50. The stock had a trading volume of 531,306 shares, compared to its average volume of 571,972. The firm has a market cap of $4.29 billion, a PE ratio of 6.23, a P/E/G ratio of 0.56 and a beta of 2.50. OneMain has a fifty-two week low of $22.47 and a fifty-two week high of $37.29.
OneMain (NYSE:OMF) last announced its earnings results on Monday, April 29th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. The company had revenue of $720.00 million during the quarter, compared to analysts’ expectations of $735.94 million. OneMain had a net margin of 11.73% and a return on equity of 19.22%. During the same quarter in the previous year, the business posted $1.18 earnings per share.
Hedge funds have recently modified their holdings of the stock. Chicago Equity Partners LLC increased its position in OneMain by 29.3% during the fourth quarter. Chicago Equity Partners LLC now owns 151,225 shares of the financial services provider’s stock worth $3,673,000 after purchasing an additional 34,275 shares during the last quarter. Prudential Financial Inc. grew its stake in OneMain by 87.9% during the fourth quarter. Prudential Financial Inc. now owns 1,364,655 shares of the financial services provider’s stock worth $33,147,000 after buying an additional 638,277 shares during the period. Vanguard Group Inc. grew its stake in OneMain by 1.3% during the third quarter. Vanguard Group Inc. now owns 6,508,786 shares of the financial services provider’s stock worth $218,760,000 after buying an additional 86,411 shares during the period. Nomura Holdings Inc. grew its stake in OneMain by 36.5% during the fourth quarter. Nomura Holdings Inc. now owns 40,703 shares of the financial services provider’s stock worth $985,000 after buying an additional 10,894 shares during the period. Finally, Highland Capital Management LLC purchased a new stake in OneMain during the fourth quarter worth approximately $1,034,000. 83.76% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 29th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, May 28th. OneMain’s dividend payout ratio (DPR) is 19.76%.
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.