OneMain Holdings, Inc. (NYSE:OMF) – Research analysts at Wedbush increased their Q3 2017 earnings per share estimates for OneMain Holdings in a report issued on Monday. Wedbush analyst H. Coffey now anticipates that the financial services provider will post earnings per share of $1.01 for the quarter, up from their previous forecast of $0.93.
OneMain Holdings (NYSE:OMF) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.08). OneMain Holdings had a net margin of 3.63% and a return on equity of 14.31%. The business had revenue of $569.00 million for the quarter, compared to the consensus estimate of $631.92 million. During the same period in the prior year, the business posted $0.96 EPS.
TRADEMARK VIOLATION WARNING: “Wedbush Analysts Boost Earnings Estimates for OneMain Holdings, Inc. (OMF)” was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2017/09/15/wedbush-analysts-boost-earnings-estimates-for-onemain-holdings-inc-omf.html.
Other equities research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $28.00 price objective on shares of OneMain Holdings in a research report on Friday, July 14th. ValuEngine cut shares of OneMain Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $39.00 price target (up previously from $30.00) on shares of OneMain Holdings in a research report on Wednesday, August 9th. Stephens raised shares of OneMain Holdings from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $29.00 to $35.00 in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research raised shares of OneMain Holdings from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Thursday, July 6th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. OneMain Holdings presently has a consensus rating of “Hold” and an average target price of $29.53.
OneMain Holdings (NYSE:OMF) opened at 27.26 on Wednesday. The firm’s 50 day moving average is $26.94 and its 200-day moving average is $25.15. The company has a market cap of $3.69 billion, a P/E ratio of 29.28 and a beta of 2.85. OneMain Holdings has a 52 week low of $16.03 and a 52 week high of $32.28.
Several hedge funds and other institutional investors have recently bought and sold shares of OMF. JPMorgan Chase & Co. raised its stake in shares of OneMain Holdings by 103.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 2,200 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of OneMain Holdings during the 2nd quarter worth approximately $132,000. Pacer Advisors Inc. raised its stake in shares of OneMain Holdings by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,482 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 204 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of OneMain Holdings during the 1st quarter worth approximately $186,000. Finally, Principal Financial Group Inc. bought a new position in shares of OneMain Holdings during the 2nd quarter worth approximately $237,000. Hedge funds and other institutional investors own 95.68% 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.
Receive News & Ratings for OneMain Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.