OneMain (OMF) Scheduled to Post Earnings on Wednesday

OneMain (NYSE:OMF) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.23 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.12. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $918.74 million. OneMain had a net margin of 12.33% and a return on equity of 20.63%. During the same quarter last year, the company earned $1.01 earnings per share. On average, analysts expect OneMain to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

OneMain Trading Up 0.9 %

Shares of OMF stock opened at $47.05 on Wednesday. The firm has a fifty day simple moving average of $46.95 and a 200-day simple moving average of $48.34. The company has a market capitalization of $5.64 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 0.87 and a beta of 1.56. OneMain has a twelve month low of $35.00 and a twelve month high of $54.94.

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a $1.04 dividend. The ex-dividend date was Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a yield of 8.84%. OneMain’s payout ratio is currently 81.09%.

Insider Buying and Selling

In other news, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now directly owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the chief executive officer now directly owns 417,474 shares in the company, valued at $20,873,700. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas H. Shulman sold 15,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now owns 422,474 shares of the company’s stock, valued at approximately $19,560,546.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,300 shares of company stock worth $1,534,275 over the last quarter. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on OMF. Barclays cut OneMain from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $52.00 to $46.00 in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft cut their target price on OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. StockNews.com raised shares of OneMain from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Northland Securities upped their price target on shares of OneMain from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company dropped their target price on shares of OneMain from $53.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday, October 14th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

OneMain Company Profile

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.