Q2 2024 EPS Estimates for OneMain Holdings, Inc. (NYSE:OMF) Decreased by Analyst

OneMain Holdings, Inc. (NYSE:OMF) – Equities research analysts at Northland Capmk decreased their Q2 2024 earnings estimates for shares of OneMain in a research note issued on Wednesday, May 1st. Northland Capmk analyst M. Grondahl now forecasts that the financial services provider will post earnings per share of $1.17 for the quarter, down from their prior forecast of $1.26. The consensus estimate for OneMain’s current full-year earnings is $5.65 per share.

A number of other brokerages have also commented on OMF. Deutsche Bank Aktiengesellschaft assumed coverage on OneMain in a research note on Wednesday, January 10th. They issued a “buy” rating and a $68.00 price target for the company. JMP Securities raised their target price on shares of OneMain from $57.00 to $62.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Stephens reduced their price target on shares of OneMain from $61.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Piper Sandler lowered shares of OneMain from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $49.00 in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. upped their target price on OneMain from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.62.

OneMain Stock Performance

NYSE OMF opened at $51.20 on Thursday. OneMain has a fifty-two week low of $33.67 and a fifty-two week high of $53.65. The stock has a market cap of $6.14 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 0.71 and a beta of 1.63. The stock has a 50 day simple moving average of $49.05 and a two-hundred day simple moving average of $45.71.

OneMain (NYSE:OMF) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.07. OneMain had a return on equity of 20.94% and a net margin of 13.29%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $907.93 million. During the same period last year, the firm earned $1.46 earnings per share.

OneMain Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be paid a $1.04 dividend. This is a boost from OneMain’s previous quarterly dividend of $1.00. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.13%. The ex-dividend date is Thursday, May 9th. OneMain’s dividend payout ratio is currently 77.97%.

Institutional Trading of OneMain

Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of OneMain by 6.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,476 shares of the financial services provider’s stock worth $171,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. raised its position in OneMain by 49.9% in the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock worth $36,000 after buying an additional 243 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in OneMain by 21.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,405 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 251 shares during the period. Allworth Financial LP boosted its holdings in shares of OneMain by 25.4% during the 4th quarter. Allworth Financial LP now owns 1,339 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 271 shares during the last quarter. Finally, Alps Advisors Inc. grew its stake in shares of OneMain by 2.0% in the third quarter. Alps Advisors Inc. now owns 14,283 shares of the financial services provider’s stock worth $573,000 after acquiring an additional 275 shares during the period. 85.82% of the stock is owned by hedge funds and other institutional investors.

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.