OneMain Holdings, Inc. (NYSE:OMF) Forecasted to Post Q4 2024 Earnings of $1.05 Per Share

OneMain Holdings, Inc. (NYSE:OMF) – Stock analysts at Seaport Res Ptn decreased their Q4 2024 earnings per share estimates for shares of OneMain in a note issued to investors on Wednesday, September 25th. Seaport Res Ptn analyst W. Ryan now expects that the financial services provider will post earnings per share of $1.05 for the quarter, down from their prior estimate of $1.33. The consensus estimate for OneMain’s current full-year earnings is $5.11 per share.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. During the same period last year, the firm posted $1.01 earnings per share.

A number of other equities research analysts have also weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $60.00 target price on shares of OneMain in a research note on Tuesday, September 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 target price on shares of OneMain in a research note on Tuesday, September 17th. BTIG Research began coverage on OneMain in a research note on Friday, June 7th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. upped their price target on OneMain from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, July 8th. Finally, Northland Securities lifted their price objective on OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $55.25.

OneMain Stock Up 0.8 %

Shares of NYSE:OMF opened at $46.85 on Monday. The company’s fifty day moving average is $47.70 and its 200 day moving average is $48.71. OneMain has a 52 week low of $35.00 and a 52 week high of $54.94. The stock has a market cap of $5.61 billion, a PE ratio of 9.13, a PEG ratio of 0.81 and a beta of 1.56.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were paid a $1.04 dividend. The ex-dividend date was Monday, August 12th. This represents a $4.16 annualized dividend and a yield of 8.88%. OneMain’s payout ratio is 81.09%.

Insiders Place Their Bets

In other news, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $46.00, for a total transaction of $110,400.00. Following the sale, the senior vice president now owns 25,747 shares in the company, valued at approximately $1,184,362. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Michael A. Hedlund sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.00, for a total value of $110,400.00. Following the sale, the senior vice president now directly owns 25,747 shares of the company’s stock, valued at approximately $1,184,362. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Micah R. Conrad sold 886 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $44,300.00. Following the transaction, the chief operating officer now directly owns 104,739 shares of the company’s stock, valued at approximately $5,236,950. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,300 shares of company stock worth $1,534,275. 0.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneMain

A number of hedge funds have recently bought and sold shares of OMF. Brave Warrior Advisors LLC increased its holdings in shares of OneMain by 21.1% in the 4th quarter. Brave Warrior Advisors LLC now owns 6,416,800 shares of the financial services provider’s stock worth $315,707,000 after purchasing an additional 1,118,166 shares in the last quarter. Capital International Investors lifted its stake in OneMain by 10.2% during the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after acquiring an additional 889,387 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of OneMain by 64.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,890,017 shares of the financial services provider’s stock valued at $96,561,000 after acquiring an additional 743,034 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of OneMain by 7,566.2% during the 2nd quarter. Principal Financial Group Inc. now owns 718,172 shares of the financial services provider’s stock valued at $34,824,000 after acquiring an additional 708,804 shares during the last quarter. Finally, Argent Capital Management LLC grew its stake in shares of OneMain by 608.1% in the first quarter. Argent Capital Management LLC now owns 503,613 shares of the financial services provider’s stock worth $25,730,000 after acquiring an additional 432,492 shares during the period. Institutional investors own 85.82% of the company’s stock.

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.