Northland Securities Reduces Earnings Estimates for OneMain

Key Points

• Northland Securities lowered its FY2026 EPS estimate for OneMain to $6.53 from $6.56, below the broader consensus estimate of $6.73.
• OneMain’s latest quarterly results fell short of expectations, with EPS of $1.51 versus $1.56 expected and down from $1.90 a year earlier, despite revenue exceeding estimates.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $67.09; institutional investors own 85.82% of the stock.

OneMain Holdings, Inc. (NYSE:OMF - Free Report) - Northland Securities decreased their FY2026 earnings per share (EPS) estimates for OneMain in a research note issued to investors on Friday, October 30th. Northland Securities analyst M. Grondahl now anticipates that the financial services provider will post earnings per share of $6.53 for the year, down from their prior forecast of $6.56. The consensus estimate for OneMain's current full-year earnings is $6.73 per share. Northland Securities also issued estimates for OneMain's Q4 2026 earnings at $1.77 EPS, Q2 2027 earnings at $1.91 EPS, Q3 2027 earnings at $2.20 EPS and Q4 2027 earnings at $2.30 EPS.

Other equities analysts have also recently issued research reports about the stock. TD Cowen lowered their price objective on shares of OneMain from $68.00 to $66.00 and set a "buy" rating on the stock in a research note on Tuesday, October 6th. Citizens Jmp increased their price objective on shares of OneMain from $68.00 to $70.00 and gave the company a "market outperform" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. reduced their target price on shares of OneMain from $60.00 to $52.00 and set an "underweight" rating for the company in a research note on Monday, October 12th. Bank of America decreased their price target on shares of OneMain from $71.00 to $67.00 and set a "buy" rating on the stock in a report on Monday, September 28th. Finally, Barclays cut their price objective on shares of OneMain from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 7th. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $67.09.

OneMain Stock Performance

Shares of OneMain stock opened at $56.56 on Monday. The company's fifty day moving average is $59.02 and its two-hundred day moving average is $58.46. OneMain has a 1 year low of $45.78 and a 1 year high of $71.93. The company has a market capitalization of $6.51 billion, a P/E ratio of 8.61, a PEG ratio of 0.64 and a beta of 1.30.

OneMain (NYSE:OMF - Get Free Report) last released its quarterly earnings data on Friday, October 30th. The financial services provider reported $1.51 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.05). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.34 billion. OneMain had a return on equity of 21.91% and a net margin of 13.43%. During the same period last year, the company earned $1.90 EPS.

Institutional Investors Weigh In On OneMain

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in OneMain during the 2nd quarter valued at approximately $633,893,000. Dimensional Fund Advisors LP lifted its holdings in shares of OneMain by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,342,241 shares of the financial services provider's stock worth $232,258,000 after purchasing an additional 308,370 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of OneMain by 7.7% in the first quarter. Janus Henderson Group PLC now owns 2,729,862 shares of the financial services provider's stock valued at $146,030,000 after purchasing an additional 195,591 shares during the period. Jupiter Topco LLC acquired a new position in shares of OneMain during the second quarter valued at $166,060,000. Finally, State Street Corp boosted its holdings in shares of OneMain by 1.8% in the second quarter. State Street Corp now owns 2,451,937 shares of the financial services provider's stock valued at $149,495,000 after acquiring an additional 42,917 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company's stock.

Insider Activity at OneMain

In related news, COO Micah Conrad sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $65.40, for a total value of $327,000.00. Following the transaction, the chief operating officer owned 91,250 shares in the company, valued at approximately $5,967,750. This represents a 5.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by company insiders.

More OneMain News

Here are the key news stories impacting OneMain this week:

• Positive Sentiment: OneMain declared a quarterly dividend of $1.05 per share, supporting the stock’s income appeal. Managed receivables reached $28.1 billion, indicating a substantial lending platform. OneMain Holdings Third Quarter 2026 Results
• Neutral Sentiment: The company reported third-quarter diluted EPS of $1.60, while adjusted diluted EPS was $1.51. The difference between the measures makes the underlying quarter more important to assess than the headline GAAP figure. OneMain Q3 2026 Earnings Call Transcript
• Neutral Sentiment: OMF’s stock recently moved above its 200-day moving average, a potentially favorable technical signal, although the broader market reaction was dominated by the earnings results. OneMain Stock Crosses Above Two Hundred Day Moving Average
• Negative Sentiment: Adjusted EPS of $1.51 missed the consensus estimate of $1.56 and declined from $1.90 a year earlier. Net income fell to $185 million from $199 million, while pretax income declined to $233 million from $263 million. OneMain Q3 Earnings Miss Estimates
• Negative Sentiment: The results suggest pressure on earnings growth and credit performance at OneMain’s nonprime consumer lending business, likely outweighing the dividend and receivables growth in investor sentiment. OneMain Key Metrics Versus Estimates

About OneMain

OneMain Holdings, Inc, operating under the OneMain Financial brand, is a consumer finance company that provides personal lending and related financial services primarily to non-prime consumers in the United States. The company serves customers through a combination of branch locations, online and mobile channels, and centralized customer service operations.

OneMain's principal products include secured and unsecured personal loans, which customers may use for debt consolidation, home improvements, major purchases, and other personal expenses.

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