Q3 2024 EPS Estimates for OneMain Holdings, Inc. (NYSE:OMF) Cut by Analyst

OneMain Holdings, Inc. (NYSE:OMF) – Analysts at Northland Capmk dropped their Q3 2024 earnings per share estimates for shares of OneMain in a research note issued to investors on Wednesday, May 22nd. Northland Capmk analyst M. Grondahl now expects that the financial services provider will post earnings per share of $1.34 for the quarter, down from their prior forecast of $1.43. The consensus estimate for OneMain’s current full-year earnings is $5.67 per share. Northland Capmk also issued estimates for OneMain’s Q2 2025 earnings at $1.44 EPS.

Other analysts have also recently issued research reports about the company. BMO Capital Markets raised their target price on OneMain from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. TD Cowen increased their price target on shares of OneMain from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Barclays lowered their price objective on shares of OneMain from $57.00 to $54.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. StockNews.com upgraded shares of OneMain from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada boosted their price target on shares of OneMain from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.62.

OneMain Stock Performance

NYSE OMF opened at $47.87 on Thursday. The firm’s 50 day moving average price is $49.72 and its two-hundred day moving average price is $47.00. OneMain has a twelve month low of $35.00 and a twelve month high of $53.65. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.68 and a beta of 1.63.

OneMain (NYSE:OMF) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $1.45 EPS for the quarter, topping the consensus estimate of $1.38 by $0.07. OneMain had a net margin of 13.29% and a return on equity of 20.78%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $907.93 million. During the same period last year, the company posted $1.46 earnings per share.

OneMain Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 10th were issued a dividend of $1.04 per share. This is a positive change from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.69%. OneMain’s dividend payout ratio is currently 81.09%.

Insider Buying and Selling

In other OneMain news, COO Micah R. Conrad sold 7,500 shares of the 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 transaction, the chief operating officer now owns 119,525 shares in the company, valued at $6,051,550.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Douglas H. Shulman sold 19,000 shares of OneMain stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total value of $976,030.00. Following the transaction, the chief executive officer now directly owns 451,300 shares in the company, valued at $23,183,281. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Micah R. Conrad sold 7,500 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $50.63, for a total value 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. Corporate insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Burney Co. increased its position in OneMain by 35.6% during the first quarter. Burney Co. now owns 26,812 shares of the financial services provider’s stock worth $1,370,000 after acquiring an additional 7,033 shares during the period. Swedbank AB bought a new position in shares of OneMain during the 1st quarter worth about $817,000. B. Riley Wealth Advisors Inc. raised its position in shares of OneMain by 11.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 5,421 shares of the financial services provider’s stock valued at $277,000 after buying an additional 543 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of OneMain by 4.1% in the first quarter. Janus Henderson Group PLC now owns 437,365 shares of the financial services provider’s stock valued at $22,343,000 after buying an additional 17,214 shares during the period. Finally, Caxton Associates LP acquired a new stake in OneMain during the first quarter worth about $238,000. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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.