OneMain Holdings Inc (OMF) Expected to Post Quarterly Sales of $736.51 Million

Equities analysts expect that OneMain Holdings Inc (NYSE:OMF) will post $736.51 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for OneMain’s earnings. The highest sales estimate is $747.00 million and the lowest is $721.00 million. OneMain reported sales of $662.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The firm is scheduled to issue its next earnings report on Wednesday, May 1st.

On average, analysts expect that OneMain will report full-year sales of $3.05 billion for the current financial year, with estimates ranging from $2.97 billion to $3.11 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.25 billion, with estimates ranging from $3.22 billion to $3.31 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for OneMain.

OneMain (NYSE:OMF) last issued its earnings results on Monday, February 11th. The financial services provider reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.06. The business had revenue of $882.00 million during the quarter, compared to analyst estimates of $730.46 million. OneMain had a return on equity of 19.23% and a net margin of 11.30%.

A number of equities research analysts have weighed in on OMF shares. JPMorgan Chase & Co. raised OneMain from an “underweight” rating to a “neutral” rating and decreased their target price for the company from $34.50 to $32.00 in a research report on Wednesday, January 16th. BMO Capital Markets lifted their target price on OneMain from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, February 13th. JMP Securities lifted their target price on OneMain from $39.00 to $44.00 and gave the company a “market outperform” rating in a research report on Wednesday, February 13th. BTIG Research started coverage on OneMain in a research report on Friday, February 22nd. They set a “buy” rating and a $43.00 target price for the company. Finally, ValuEngine lowered OneMain from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 13th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.11.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc raised its position in shares of OneMain by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 6,508,786 shares of the financial services provider’s stock worth $218,760,000 after acquiring an additional 86,411 shares in the last quarter. Vanguard Group Inc. grew its stake in OneMain by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,508,786 shares of the financial services provider’s stock worth $218,760,000 after buying an additional 86,411 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in OneMain by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,450,176 shares of the financial services provider’s stock worth $83,806,000 after buying an additional 423,499 shares during the last quarter. BlackRock Inc. grew its stake in OneMain by 7.7% during the 3rd quarter. BlackRock Inc. now owns 3,415,729 shares of the financial services provider’s stock worth $114,801,000 after buying an additional 245,159 shares during the last quarter. Finally, Basswood Capital Management L.L.C. grew its stake in OneMain by 5.9% during the 4th quarter. Basswood Capital Management L.L.C. now owns 2,750,469 shares of the financial services provider’s stock worth $66,809,000 after buying an additional 153,633 shares during the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.

NYSE OMF traded up $0.25 on Tuesday, reaching $31.58. 462,100 shares of the stock traded hands, compared to its average volume of 665,914. The firm has a market cap of $4.31 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 0.75 and a beta of 2.52. OneMain has a 12 month low of $22.47 and a 12 month high of $37.29.

The business also recently declared a special dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 26th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 25th. OneMain’s payout ratio is 19.76%.

OneMain Company Profile

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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