Wedbush Analysts Boost Earnings Estimates for OneMain Holdings, Inc. (OMF)

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.

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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.

Earnings History and Estimates for OneMain Holdings (NYSE:OMF)

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