Equities analysts expect OneMain Holdings, Inc. (NYSE:OMF) to report $631.86 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for OneMain Holdings’ earnings, with the lowest sales estimate coming in at $624.00 million and the highest estimate coming in at $644.00 million. OneMain Holdings reported sales of $527.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 3rd.
On average, analysts expect that OneMain Holdings will report full year sales of $631.86 million for the current financial year, with estimates ranging from $2.55 billion to $2.64 billion. For the next year, analysts expect that the business will report sales of $2.78 billion per share, with estimates ranging from $2.62 billion to $2.95 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover OneMain Holdings.
OneMain Holdings (NYSE:OMF) last released its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $698 million during the quarter, compared to analyst estimates of $773.82 million. OneMain Holdings had a return on equity of 17.31% and a net margin of 3.16%. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 earnings per share.
Several equities analysts recently weighed in on OMF shares. Jefferies Group LLC restated a “buy” rating and issued a $30.00 price target on shares of OneMain Holdings in a research note on Friday, April 7th. BMO Capital Markets reiterated a “buy” rating and set a $30.00 price objective on shares of OneMain Holdings in a research note on Tuesday, April 11th. Zacks Investment Research lowered OneMain Holdings from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. Bank of America Corporation upgraded OneMain Holdings from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, May 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $28.00 price objective on shares of OneMain Holdings in a research note on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. OneMain Holdings currently has an average rating of “Hold” and a consensus target price of $28.13.
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OneMain Holdings (NYSE:OMF) opened at 24.87 on Thursday. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 30.22 and a beta of 2.84. OneMain Holdings has a 52 week low of $16.03 and a 52 week high of $32.28. The company’s 50-day moving average price is $23.22 and its 200-day moving average price is $24.10.
Several hedge funds and other institutional investors have recently modified their holdings of OMF. Quantitative Investment Management LLC bought a new position in shares of OneMain Holdings during the first quarter valued at $2,320,000. Norges Bank bought a new position in shares of OneMain Holdings during the fourth quarter valued at $8,970,000. Comerica Bank bought a new position in shares of OneMain Holdings during the first quarter valued at $2,078,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of OneMain Holdings during the fourth quarter valued at $387,000. Finally, Renaissance Technologies LLC bought a new position in shares of OneMain Holdings during the fourth quarter valued at $1,114,000. Institutional investors and hedge funds own 95.25% 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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