OneMain Holdings, Inc. (NYSE:OMF) – Equities research analysts at DA Davidson issued their Q2 2017 earnings per share estimates for shares of OneMain Holdings in a research report issued on Monday. DA Davidson analyst A. Cyganovich anticipates that the financial services provider will earn $0.88 per share for the quarter. DA Davidson currently has a “Buy” rating and a $31.00 target price on the stock. DA Davidson also issued estimates for OneMain Holdings’ Q3 2017 earnings at $1.05 EPS, Q4 2017 earnings at $1.08 EPS, FY2017 earnings at $3.77 EPS, Q1 2018 earnings at $0.89 EPS, Q2 2018 earnings at $1.05 EPS, Q3 2018 earnings at $1.28 EPS, Q4 2018 earnings at $1.19 EPS, FY2018 earnings at $4.41 EPS and FY2019 earnings at $4.94 EPS.
A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded OneMain Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $28.00 target price on shares of OneMain Holdings in a research report on Friday, July 14th. ValuEngine downgraded OneMain Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 14th. Jefferies Group LLC reiterated a “buy” rating and set a $30.00 target price on shares of OneMain Holdings in a research report on Friday, July 14th. Finally, Bank of America Corporation upgraded OneMain Holdings from an “underperform” rating to a “buy” rating and increased their target price for the company from $23.00 to $28.00 in a research report on Thursday, May 11th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $27.94.
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OneMain Holdings (OMF) opened at 26.12 on Thursday. The stock has a market capitalization of $3.53 billion, a P/E ratio of 31.74 and a beta of 2.84. The firm’s 50 day moving average is $24.04 and its 200 day moving average is $24.40. OneMain Holdings has a 1-year low of $16.03 and a 1-year high of $32.28.
OneMain Holdings (NYSE:OMF) last announced its earnings results on Wednesday, May 3rd. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. OneMain Holdings had a net margin of 3.16% and a return on equity of 17.31%. The business had revenue of $698 million during the quarter, compared to analyst estimates of $773.82 million. During the same period in the previous year, the business posted $1.05 earnings per share. OneMain Holdings’s revenue for the quarter was down 23.1% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in OneMain Holdings by 3.2% in the first quarter. Pacer Advisors Inc. now owns 6,482 shares of the financial services provider’s stock worth $161,000 after buying an additional 204 shares during the last quarter. FNY Partners Fund LP acquired a new stake in OneMain Holdings during the first quarter worth $186,000. Rafferty Asset Management LLC acquired a new stake in OneMain Holdings during the first quarter worth $238,000. Nationwide Fund Advisors raised its stake in OneMain Holdings by 23.3% in the first quarter. Nationwide Fund Advisors now owns 9,986 shares of the financial services provider’s stock worth $248,000 after buying an additional 1,886 shares during the last quarter. Finally, Stephens Inc. AR acquired a new stake in OneMain Holdings during the first quarter worth $259,000. Institutional investors and hedge funds own 95.27% 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.
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