Wedbush Comments on OneMain Holdings Inc.’s Q3 2016 Earnings (OMF)
OneMain Holdings Inc. (NYSE:OMF) – Wedbush issued their Q3 2016 earnings per share estimates for OneMain Holdings in a research note issued on Monday. Wedbush analyst H. Coffey expects that the brokerage will post earnings per share of $1.10 for the quarter. Wedbush has a “Outperform” rating and a $45.00 price target on the stock. Wedbush also issued estimates for OneMain Holdings’ Q4 2016 earnings at $1.13 EPS, FY2016 earnings at $4.25 EPS, Q1 2017 earnings at $1.24 EPS, Q2 2017 earnings at $1.43 EPS, Q3 2017 earnings at $1.50 EPS, Q4 2017 earnings at $1.58 EPS, FY2017 earnings at $5.75 EPS and FY2018 earnings at $6.50 EPS.
OneMain Holdings (NYSE:OMF) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.04. OneMain Holdings had a positive return on equity of 17.89% and a negative net margin of 1.70%. During the same period in the previous year, the firm earned $0.38 earnings per share.
Several other research analysts have also recently issued reports on OMF. Zacks Investment Research cut OneMain Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Jefferies Group restated a “buy” rating and issued a $40.00 price objective on shares of OneMain Holdings in a research note on Sunday, July 10th. Barclays PLC restated an “overweight” rating and issued a $36.00 price objective on shares of OneMain Holdings in a research note on Friday, July 15th. Credit Suisse Group AG restated a “buy” rating on shares of OneMain Holdings in a research note on Friday, August 5th. Finally, JPMorgan Chase & Co. initiated coverage on OneMain Holdings in a research note on Monday, September 12th. They issued an “overweight” rating and a $38.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. OneMain Holdings currently has an average rating of “Buy” and a consensus target price of $40.20.
Shares of OneMain Holdings (NYSE:OMF) traded down 2.95% during mid-day trading on Thursday, hitting $28.97. The stock had a trading volume of 223,393 shares. OneMain Holdings has a one year low of $18.55 and a one year high of $51.39. The firm has a 50 day moving average of $30.43 and a 200-day moving average of $28.61. The stock’s market cap is $3.90 billion.
Hedge funds have recently modified their holdings of the stock. Omega Advisors Inc. raised its stake in shares of OneMain Holdings by 25.3% in the first quarter. Omega Advisors Inc. now owns 3,155,079 shares of the company’s stock valued at $86,544,000 after buying an additional 636,979 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of OneMain Holdings by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,237,791 shares of the company’s stock worth $33,953,000 after buying an additional 15,348 shares in the last quarter. BlackRock Inc. raised its stake in shares of OneMain Holdings by 750.2% in the first quarter. BlackRock Inc. now owns 12,745 shares of the company’s stock worth $350,000 after buying an additional 11,246 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of OneMain Holdings during the second quarter worth about $322,000. Finally, Seven Eight Capital LLC raised its stake in shares of OneMain Holdings by 3,359.6% in the first quarter. Seven Eight Capital LLC now owns 17,298 shares of the company’s stock worth $474,000 after buying an additional 16,798 shares in the last quarter. 99.17% of the stock is currently owned by institutional investors.
OneMain Holdings Company Profile
OneMain Holdings, Inc, formerly Springleaf Holdings, Inc, incorporated on August 5, 2013, is a financial services holding company. The Company provides responsible loan products; offers credit and non-credit insurance; pursues strategic acquisitions of loan portfolios, and pursues acquisitions of companies and/or establish joint ventures.
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