$667.89 Million in Sales Expected for OneMain Holdings, Inc. (OMF) This Quarter

Brokerages expect OneMain Holdings, Inc. (NYSE:OMF) to report sales of $667.89 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for OneMain’s earnings, with estimates ranging from $655.00 million to $687.80 million. OneMain posted sales of $557.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 19.9%. The business is expected to issue its next earnings results after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that OneMain will report full year sales of $2.76 billion for the current year, with estimates ranging from $2.68 billion to $2.82 billion. For the next financial year, analysts expect that the company will post sales of $2.99 billion per share, with estimates ranging from $2.90 billion to $3.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover OneMain.

OneMain (NYSE:OMF) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.01. OneMain had a net margin of 5.06% and a return on equity of 15.04%. The firm had revenue of $799.00 million during the quarter, compared to analysts’ expectations of $798.70 million. During the same quarter last year, the business earned $0.80 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year.

Several analysts recently commented on the stock. Janney Montgomery Scott upgraded shares of OneMain from a “neutral” rating to a “buy” rating in a research note on Thursday, March 1st. JPMorgan Chase cut shares of OneMain from a “neutral” rating to an “underweight” rating and set a $25.00 target price for the company. in a research report on Friday, January 12th. Zacks Investment Research upgraded shares of OneMain from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Wednesday, January 31st. Piper Jaffray began coverage on shares of OneMain in a research report on Wednesday, March 21st. They set an “overweight” rating and a $37.00 target price for the company. Finally, UBS began coverage on shares of OneMain in a research report on Tuesday, March 27th. They set a “buy” rating and a $40.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. OneMain has a consensus rating of “Buy” and a consensus target price of $35.33.

Shares of NYSE OMF traded up $0.31 during midday trading on Thursday, hitting $30.80. The company had a trading volume of 764,169 shares, compared to its average volume of 832,620. OneMain has a twelve month low of $22.04 and a twelve month high of $36.32. The stock has a market capitalization of $4,111.52, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 1.24 and a beta of 2.74.

Institutional investors and hedge funds have recently made changes to their positions in the business. Gotham Asset Management LLC purchased a new stake in shares of OneMain during the fourth quarter worth about $367,000. Flinton Capital Management LLC purchased a new stake in shares of OneMain during the fourth quarter worth about $422,000. Meadow Creek Investment Management LLC purchased a new stake in shares of OneMain during the fourth quarter worth about $199,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of OneMain during the fourth quarter worth about $164,000. Finally, Elkfork Partners LLC purchased a new stake in shares of OneMain during the fourth quarter worth about $348,000. Institutional investors own 94.31% of the company’s stock.

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About OneMain

OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.

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Earnings History and Estimates for OneMain (NYSE:OMF)

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