Analysts Expect OneMain Holdings Inc (NYSE:OMF) Will Post Quarterly Sales of $783.22 Million
Wall Street analysts expect OneMain Holdings Inc (NYSE:OMF) to report sales of $783.22 million for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for OneMain’s earnings, with the lowest sales estimate coming in at $765.00 million and the highest estimate coming in at $797.30 million. OneMain reported sales of $706.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.9%. The business is expected to report its next quarterly earnings report on Wednesday, October 30th.
On average, analysts expect that OneMain will report full year sales of $3.07 billion for the current fiscal year, with estimates ranging from $3.03 billion to $3.11 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.28 billion, with estimates ranging from $3.21 billion to $3.38 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover OneMain.
OneMain (NYSE:OMF) last announced its quarterly earnings results on Monday, July 29th. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.27. The business had revenue of $762.00 million during the quarter, compared to the consensus estimate of $743.08 million. OneMain had a net margin of 15.98% and a return on equity of 19.99%. During the same quarter last year, the firm earned $1.18 EPS.
Shares of NYSE OMF traded down $0.38 during midday trading on Wednesday, reaching $37.52. 611,615 shares of the stock were exchanged, compared to its average volume of 599,533. The company has a 50 day simple moving average of $38.17 and a 200 day simple moving average of $34.44. The stock has a market capitalization of $5.10 billion, a P/E ratio of 7.42, a PEG ratio of 0.61 and a beta of 2.37. OneMain has a twelve month low of $22.47 and a twelve month high of $43.28.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $1.00 annualized dividend and a dividend yield of 2.67%. OneMain’s dividend payout ratio (DPR) is 19.76%.
Several large investors have recently bought and sold shares of OMF. Geode Capital Management LLC grew its stake in shares of OneMain by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 796,996 shares of the financial services provider’s stock worth $19,358,000 after acquiring an additional 59,644 shares in the last quarter. Stephens Inc. AR grew its stake in shares of OneMain by 32.5% in the first quarter. Stephens Inc. AR now owns 12,748 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 3,125 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of OneMain by 33.0% in the first quarter. Global Retirement Partners LLC now owns 1,430 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 355 shares in the last quarter. Laurion Capital Management LP acquired a new position in shares of OneMain in the first quarter worth $371,000. Finally, New York State Common Retirement Fund grew its stake in shares of OneMain by 1.9% in the first quarter. New York State Common Retirement Fund now owns 187,812 shares of the financial services provider’s stock worth $5,963,000 after acquiring an additional 3,431 shares in the last quarter. Institutional investors and hedge funds own 82.64% of the company’s stock.
OneMain Company Profile
OneMain Holdings, Inc, through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
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