OneMain (OMF) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

OneMain (NYSE:OMF) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.01, Bloomberg Earnings reports. The firm had revenue of $799.00 million for the quarter, compared to analyst estimates of $798.70 million. OneMain had a net margin of 4.85% and a return on equity of 14.15%. OneMain’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS.

Shares of OneMain (OMF) traded up $1.41 during trading hours on Thursday, reaching $33.72. 653,736 shares of the company’s stock were exchanged, compared to its average volume of 1,027,481. The stock has a market capitalization of $4,289.23, a price-to-earnings ratio of 9.66, a PEG ratio of 1.38 and a beta of 2.86. OneMain has a one year low of $22.04 and a one year high of $36.32.

In related news, Director Fortress Investment Group Llc sold 7,500,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $25.10, for a total transaction of $188,250,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Wesley R. Edens sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $26.00, for a total transaction of $26,000,000.00. The disclosure for this sale can be found here. 57.73% of the stock is owned by corporate insiders.

Several brokerages recently issued reports on OMF. JPMorgan Chase & Co. lowered shares of OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 price objective on the stock. in a report on Friday, January 12th. ValuEngine lowered shares of OneMain from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Northland Securities restated a “hold” rating and issued a $35.00 price objective on shares of OneMain in a report on Friday, November 3rd. Compass Point lowered shares of OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. OneMain has a consensus rating of “Buy” and an average price target of $34.62.

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About OneMain

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 for OneMain (NYSE:OMF)

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