OneMain Holdings, Inc. (NYSE:OMF) – Wedbush raised their Q2 2018 earnings per share (EPS) estimates for OneMain Holdings in a report issued on Wednesday. Wedbush analyst H. Coffey now expects that the financial services provider will post earnings of $1.07 per share for the quarter, up from their previous estimate of $0.84.

OneMain Holdings (NYSE:OMF) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.08). The firm had revenue of $569.00 million for the quarter, compared to analyst estimates of $631.92 million. OneMain Holdings had a return on equity of 14.31% and a net margin of 3.63%. During the same period in the prior year, the firm posted $0.96 earnings per share. TRADEMARK VIOLATION WARNING: “OneMain Holdings, Inc. to Post Q2 2018 Earnings of $1.07 Per Share, Wedbush Forecasts (OMF)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/10/09/onemain-holdings-inc-to-post-q2-2018-earnings-of-1-07-per-share-wedbush-forecasts-omf.html.

A number of other equities research analysts also recently weighed in on OMF. ValuEngine upgraded OneMain Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research upgraded OneMain Holdings from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and set a $30.00 price objective on shares of OneMain Holdings in a research report on Friday, July 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $28.00 price objective on shares of OneMain Holdings in a research report on Friday, July 14th. Finally, DA Davidson reiterated a “buy” rating and set a $31.00 price objective on shares of OneMain Holdings in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.53.

OneMain Holdings (NYSE OMF) opened at 28.88 on Monday. The company’s 50-day moving average price is $27.52 and its 200 day moving average price is $25.27. OneMain Holdings has a one year low of $16.03 and a one year high of $31.69. The firm has a market capitalization of $3.91 billion, a PE ratio of 31.02 and a beta of 2.84.

Large investors have recently made changes to their positions in the company. Phocas Financial Corp. lifted its holdings in shares of OneMain Holdings by 4.5% in the second quarter. Phocas Financial Corp. now owns 192,457 shares of the financial services provider’s stock valued at $4,733,000 after purchasing an additional 8,330 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of OneMain Holdings by 35.8% in the second quarter. Public Employees Retirement System of Ohio now owns 17,631 shares of the financial services provider’s stock valued at $434,000 after purchasing an additional 4,650 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of OneMain Holdings in the second quarter valued at $917,000. Cubist Systematic Strategies LLC purchased a new stake in shares of OneMain Holdings in the second quarter valued at $132,000. Finally, Point72 Europe London LLP purchased a new stake in shares of OneMain Holdings in the second quarter valued at $3,015,000. Institutional investors own 95.68% 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.

Earnings History and Estimates for OneMain Holdings (NYSE:OMF)

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