OneMain (NYSE:OMF) Releases Quarterly Earnings Results, Beats Expectations By $0.47 EPS

OneMain (NYSE:OMF) posted its quarterly earnings results on Tuesday. The financial services provider reported $2.66 EPS for the quarter, beating the consensus estimate of $2.19 by $0.47, MarketWatch Earnings reports. OneMain had a return on equity of 37.69% and a net margin of 23.89%. During the same period in the previous year, the company posted $0.80 earnings per share.

OneMain stock traded down $1.35 during mid-day trading on Thursday, hitting $59.66. 68,895 shares of the company were exchanged, compared to its average volume of 728,295. The firm has a 50 day moving average price of $58.48. The firm has a market cap of $8.02 billion, a P/E ratio of 7.30 and a beta of 2.07. OneMain has a 12-month low of $24.45 and a 12-month high of $61.90.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 13th. Shareholders of record on Thursday, May 6th were given a dividend of $0.70 per share. This is an increase from OneMain’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, May 5th. This represents a $2.80 annualized dividend and a yield of 4.69%. OneMain’s dividend payout ratio (DPR) is presently 46.13%.

In other news, major shareholder Apollo Management Holdings Gp, sold 9,200,000 shares of OneMain stock in a transaction on Tuesday, May 4th. The stock was sold at an average price of $51.76, for a total value of $476,192,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider George G. Hicks sold 1,901,638 shares of OneMain stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $51.76, for a total value of $98,428,782.88. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

OMF has been the subject of several recent analyst reports. Credit Suisse Group raised their price target on OneMain from $69.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, April 28th. Piper Sandler lifted their price objective on OneMain from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, July 2nd. JPMorgan Chase & Co. reduced their price objective on OneMain from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, April 15th. They noted that the move was a valuation call. Zacks Investment Research raised OneMain from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Tuesday, May 4th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $60.00 price objective on shares of OneMain in a report on Monday, April 26th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. OneMain presently has an average rating of “Buy” and a consensus price target of $57.50.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses. The company originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or are unsecured. The company also offers credit insurance products comprising life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.

Featured Article: Trading Penny Stocks

Earnings History for OneMain (NYSE:OMF)

Receive News & Ratings for OneMain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMain and related companies with MarketBeat.com's FREE daily email newsletter.