OneMain (OMF) Expected to Announce Quarterly Earnings on Friday

OneMain (NYSE:OMF) will likely be posting its quarterly earnings results before the market opens on Friday, January 31st. Analysts expect OneMain to post earnings of $1.12 per share and revenue of $1.18 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

OneMain Stock Down 1.9 %

OMF opened at $56.95 on Thursday. The firm has a market capitalization of $6.80 billion, a P/E ratio of 12.46, a PEG ratio of 0.50 and a beta of 1.58. The stock has a fifty day moving average of $54.79 and a 200-day moving average of $50.80. OneMain has a 12-month low of $41.70 and a 12-month high of $58.90.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OMF shares. Stephens initiated coverage on OneMain in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price on the stock. Wells Fargo & Company increased their price objective on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Barclays cut shares of OneMain from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $52.00 to $46.00 in a research note on Tuesday, October 8th. StockNews.com lowered shares of OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $56.69.

Insider Activity

In other news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now owns 392,474 shares in the company, valued at approximately $21,268,166.06. This represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is owned by corporate insiders.

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.