OneMain (NYSE:OMF) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

OneMain (NYSE:OMF) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.90 by $0.12, Briefing.com reports. OneMain had a net margin of 12.33% and a return on equity of 20.60%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $918.74 million. During the same period in the prior year, the company earned $1.01 earnings per share.

OneMain Trading Down 7.6 %

OMF stock traded down $3.68 during mid-day trading on Friday, reaching $44.88. The company’s stock had a trading volume of 2,000,434 shares, compared to its average volume of 951,925. The stock has a market cap of $5.38 billion, a PE ratio of 8.75, a P/E/G ratio of 0.74 and a beta of 1.58. OneMain has a fifty-two week low of $35.00 and a fifty-two week high of $54.94. The company’s 50 day moving average is $49.23 and its two-hundred day moving average is $48.73.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 12th will be issued a $1.04 dividend. The ex-dividend date is Monday, August 12th. This represents a $4.16 dividend on an annualized basis and a yield of 9.27%. OneMain’s payout ratio is 81.09%.

Insider Buying and Selling at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 19,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total value of $976,030.00. Following the completion of the sale, the chief executive officer now owns 451,300 shares in the company, valued at approximately $23,183,281. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Douglas H. Shulman sold 19,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $51.37, for a total transaction of $976,030.00. Following the completion of the sale, the chief executive officer now owns 451,300 shares in the company, valued at approximately $23,183,281. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Micah R. Conrad sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $50.63, for a total transaction of $379,725.00. Following the sale, the chief operating officer now owns 119,525 shares of the company’s stock, valued at approximately $6,051,550.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,500 shares of company stock worth $1,500,055. Insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BTIG Research assumed coverage on shares of OneMain in a report on Friday, June 7th. They issued a “neutral” rating on the stock. BMO Capital Markets upped their price target on shares of OneMain from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of OneMain from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. TD Cowen increased their target price on shares of OneMain from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, JMP Securities increased their target price on shares of OneMain from $59.00 to $60.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, OneMain has a consensus rating of “Moderate Buy” and an average price target of $54.83.

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.