OneMain (OMF) to Release Quarterly Earnings on Tuesday

OneMain (NYSE:OMF) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect OneMain to post earnings of $1.43 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.37 by $0.02. OneMain had a return on equity of 21.07% and a net margin of 14.04%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $913.90 million. During the same quarter in the prior year, the business posted $1.56 EPS. On average, analysts expect OneMain to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

OneMain Price Performance

Shares of NYSE:OMF opened at $49.16 on Tuesday. The firm has a market capitalization of $5.89 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.67 and a beta of 1.65. The business’s 50-day moving average is $48.26 and its 200 day moving average is $45.00. OneMain has a 1 year low of $33.67 and a 1 year high of $51.65.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 20th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 8.14%. The ex-dividend date of this dividend was Friday, February 16th. OneMain’s payout ratio is currently 75.19%.

Analysts Set New Price Targets

OMF has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of OneMain from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. JMP Securities reaffirmed a “market outperform” rating and set a $57.00 price target on shares of OneMain in a research report on Wednesday, April 17th. Royal Bank of Canada increased their price objective on OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Wells Fargo & Company lifted their target price on OneMain from $43.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, January 4th. Finally, Stephens cut their price target on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.54.

About OneMain

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.