OneMain (OMF) Set to Announce Quarterly Earnings on Tuesday

OneMain (NYSE:OMF) will issue its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

OneMain (NYSE:OMF) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.02. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $913.90 million. OneMain had a return on equity of 21.07% and a net margin of 14.04%. During the same period in the prior year, the business earned $1.56 earnings per share. On average, analysts expect OneMain to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

OneMain Price Performance

OMF stock opened at $50.89 on Friday. The firm has a market capitalization of $6.10 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.70 and a beta of 1.65. OneMain has a 1 year low of $33.67 and a 1 year high of $51.65. The business has a 50 day simple moving average of $48.60 and a 200-day simple moving average of $45.26.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 20th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date was Friday, February 16th. OneMain’s dividend payout ratio is presently 75.19%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OMF shares. Barclays cut their price target on OneMain from $57.00 to $54.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Stephens cut their target price on OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft began coverage on OneMain in a research report on Wednesday, January 10th. They set a “buy” rating and a $68.00 target price on the stock. StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. lifted their target price on OneMain from $47.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and an average price target of $51.54.

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.