OneMain (NYSE:OMF) Posts Quarterly Earnings Results, Beats Expectations By $0.27 EPS

OneMain (NYSE:OMF) issued its quarterly earnings data on Monday. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.27, Briefing.com reports. OneMain had a return on equity of 19.22% and a net margin of 11.73%. The business had revenue of $762.00 million for the quarter, compared to the consensus estimate of $743.08 million. During the same period in the prior year, the business earned $1.18 earnings per share.

NYSE OMF opened at $42.67 on Wednesday. The stock’s 50-day simple moving average is $33.93. OneMain has a twelve month low of $22.47 and a twelve month high of $42.16. The stock has a market capitalization of $4.90 billion, a P/E ratio of 8.43, a PEG ratio of 0.63 and a beta of 2.41.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, August 26th. This represents a $1.00 annualized dividend and a yield of 2.34%. OneMain’s dividend payout ratio (DPR) is presently 19.76%.

Several analysts have recently issued reports on OMF shares. JPMorgan Chase & Co. set a €50.00 ($58.14) price objective on Brenntag and gave the company a “buy” rating in a research report on Tuesday, July 16th. Northland Securities started coverage on Enphase Energy in a research report on Wednesday, June 26th. They set an “outperform” rating and a $24.00 target price on the stock. Zacks Investment Research downgraded Zafgen from a “buy” rating to a “hold” rating in a research report on Saturday, July 20th. Finally, Wedbush increased their target price on Varonis Systems from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.63.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMF. California Public Employees Retirement System lifted its position in OneMain by 7.5% during the fourth quarter. California Public Employees Retirement System now owns 59,505 shares of the financial services provider’s stock worth $1,445,000 after buying an additional 4,169 shares during the period. Great West Life Assurance Co. Can lifted its position in OneMain by 26.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 10,441 shares of the financial services provider’s stock worth $245,000 after buying an additional 2,179 shares during the period. United Services Automobile Association lifted its position in OneMain by 9.3% during the fourth quarter. United Services Automobile Association now owns 16,169 shares of the financial services provider’s stock worth $393,000 after buying an additional 1,370 shares during the period. Dimensional Fund Advisors LP lifted its position in OneMain by 14.0% during the fourth 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 period. Finally, Stifel Financial Corp lifted its position in OneMain by 5.9% during the fourth quarter. Stifel Financial Corp now owns 14,010 shares of the financial services provider’s stock worth $343,000 after buying an additional 776 shares during the period. Hedge funds and other institutional investors own 90.34% of the company’s stock.

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 for OneMain (NYSE:OMF)

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