Brokerages expect that OneMain Holdings, Inc. (NYSE:OMF) will report $651.87 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for OneMain Holdings’ earnings, with estimates ranging from $630.00 million to $674.00 million. OneMain Holdings reported sales of $567.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 15%. The firm is expected to report its next quarterly earnings report on Monday, February 12th.
On average, analysts expect that OneMain Holdings will report full-year sales of $651.87 million for the current fiscal year, with estimates ranging from $2.35 billion to $2.53 billion. For the next year, analysts anticipate that the business will post sales of $2.75 billion per share, with estimates ranging from $2.70 billion to $2.85 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow OneMain Holdings.
OneMain Holdings (NYSE:OMF) last released its earnings results on Wednesday, November 1st. The financial services provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.14). OneMain Holdings had a return on equity of 14.15% and a net margin of 4.85%. The business had revenue of $808.00 million for the quarter, compared to the consensus estimate of $800.50 million. During the same quarter last year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year.
Several research firms have recently weighed in on OMF. Jefferies Group LLC reiterated a “buy” rating and set a $39.00 target price (up from $30.00) on shares of OneMain Holdings in a research report on Wednesday, August 9th. Stephens upgraded OneMain Holdings from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $29.00 to $35.00 in a research report on Wednesday, August 23rd. ValuEngine downgraded OneMain Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Northland Securities reiterated a “hold” rating and set a $35.00 target price on shares of OneMain Holdings in a research report on Friday, November 3rd. Finally, Zacks Investment Research downgraded OneMain Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $32.21.
OneMain Holdings (NYSE OMF) traded up $0.16 during trading hours on Thursday, hitting $24.58. The stock had a trading volume of 1,042,684 shares, compared to its average volume of 628,803. OneMain Holdings has a fifty-two week low of $19.38 and a fifty-two week high of $33.39. The company has a market capitalization of $3,260.88, a P/E ratio of 7.35, a price-to-earnings-growth ratio of 1.37 and a beta of 2.87.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://transcriptdaily.com/2017/11/17/brokerages-expect-onemain-holdings-inc-omf-will-announce-quarterly-sales-of-651-87-million.html.
In other OneMain Holdings news, Director Wesley R. Edens sold 10,000,000 shares of OneMain Holdings stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $26.00, for a total value of $260,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 57.73% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of OneMain Holdings during the third quarter worth about $119,000. JPMorgan Chase & Co. grew its stake in shares of OneMain Holdings by 103.0% during the second quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 2,200 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of OneMain Holdings during the second quarter worth about $132,000. Pacer Advisors Inc. grew its stake in shares of OneMain Holdings by 12.0% during the second quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 779 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of OneMain Holdings during the third quarter worth about $206,000. Institutional investors and hedge funds own 95.85% of the company’s stock.
OneMain Holdings Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for OneMain Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.