OneMain Holdings, Inc. (NYSE:OMF) – Equities researchers at DA Davidson reduced their Q3 2017 earnings per share estimates for shares of OneMain Holdings in a note issued to investors on Thursday. DA Davidson analyst A. Cyganovich now anticipates that the financial services provider will earn $1.03 per share for the quarter, down from their prior forecast of $1.05. DA Davidson currently has a “Buy” rating and a $31.00 price target on the stock. DA Davidson also issued estimates for OneMain Holdings’ Q4 2017 earnings at $1.15 EPS, FY2017 earnings at $3.75 EPS, Q1 2018 earnings at $0.96 EPS, Q2 2018 earnings at $1.01 EPS, Q3 2018 earnings at $1.24 EPS, Q4 2018 earnings at $1.18 EPS, FY2018 earnings at $4.39 EPS and FY2019 earnings at $4.92 EPS.
OMF has been the subject of a number of other reports. Zacks Investment Research upgraded OneMain Holdings from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Wednesday, July 19th. ValuEngine upgraded OneMain Holdings from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $28.00 price target on shares of OneMain Holdings in a research note on Friday, July 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $30.00 price target on shares of OneMain Holdings in a research note on Friday, July 14th. Finally, Bank of America Corporation upgraded OneMain Holdings from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $23.00 to $28.00 in a research note on Thursday, May 11th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.53.
OneMain Holdings (NYSE:OMF) opened at 27.55 on Monday. The firm has a market capitalization of $3.73 billion, a PE ratio of 29.59 and a beta of 2.85. OneMain Holdings has a 52-week low of $16.03 and a 52-week high of $32.28. The stock’s 50 day moving average price is $25.28 and its 200 day moving average price is $24.64.
OneMain Holdings (NYSE:OMF) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by $0.08. OneMain Holdings had a return on equity of 14.40% and a net margin of 3.63%. The company had revenue of $569 million for the quarter, compared to analyst estimates of $631.92 million. During the same period in the previous year, the firm earned $0.96 earnings per share.
A number of institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. increased its position in shares of 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 position in shares of OneMain Holdings during the first quarter valued at about $186,000. Principal Financial Group Inc. acquired a new position in shares of OneMain Holdings during the second quarter valued at about $237,000. Rafferty Asset Management LLC acquired a new position in shares of OneMain Holdings during the first quarter valued at about $238,000. Finally, Utah Retirement Systems increased its position in shares of OneMain Holdings by 1.0% in the second quarter. Utah Retirement Systems now owns 9,700 shares of the financial services provider’s stock valued at $239,000 after buying an additional 100 shares in the last quarter. Institutional investors own 95.31% 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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