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.
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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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