OneMain Q3 Earnings Forecast Lowered by Northland Securities

Key Points

• Northland Securities lowered OneMain’s Q3 2026 EPS estimate to $1.50 from $1.85, while analysts’ consensus full-year earnings estimate stands at $7.03 per share.
• OneMain’s latest quarterly results exceeded expectations, with EPS of $1.31 versus the $1.26 consensus and revenue of $1.62 billion, up 6.7% year over year.
• The stock opened at $56.16, down 2.1%, while the company maintains a $1.05 quarterly dividend, equivalent to a 7.5% yield; analysts collectively rate the shares “Moderate Buy” with a $68.27 consensus price target.

OneMain Holdings, Inc. (NYSE:OMF - Free Report) - Equities research analysts at Northland Securities lowered their Q3 2026 earnings estimates for shares of OneMain in a report issued on Friday, September 25th. Northland Securities analyst M. Grondahl now anticipates that the financial services provider will post earnings per share of $1.50 for the quarter, down from their prior estimate of $1.85. The consensus estimate for OneMain's current full-year earnings is $7.03 per share. Northland Securities also issued estimates for OneMain's Q1 2027 earnings at $1.84 EPS.

OneMain (NYSE:OMF - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.05. OneMain had a return on equity of 23.49% and a net margin of 13.92%.The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. The firm's quarterly revenue was up 6.7% compared to the same quarter last year.

OMF has been the topic of several other research reports. Citizens Jmp increased their target price on OneMain from $68.00 to $70.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 30th. Barclays dropped their target price on OneMain from $61.00 to $60.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 7th. Bank of America reduced their price target on shares of OneMain from $71.00 to $67.00 and set a "buy" rating on the stock in a research report on Monday. Royal Bank Of Canada raised their price objective on shares of OneMain from $70.00 to $73.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of OneMain in a research note on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $68.27.

OneMain Stock Down 2.1%

OMF opened at $56.16 on Tuesday. OneMain has a 52 week low of $45.78 and a 52 week high of $71.93. The business has a fifty day simple moving average of $62.39 and a 200-day simple moving average of $58.32. The firm has a market cap of $6.46 billion, a P/E ratio of 8.46, a P/E/G ratio of 0.44 and a beta of 1.22.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 10th were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $4.20 annualized dividend and a yield of 7.5%. OneMain's dividend payout ratio (DPR) is 63.25%.

Insider Activity at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $64.00, for a total value of $160,000.00. Following the sale, the senior vice president directly owned 10,627 shares of the company's stock, valued at approximately $680,128. This represents a 19.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Micah R. 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 transaction of $327,000.00. Following the completion of the sale, the chief operating officer directly owned 91,250 shares in the company, valued at approximately $5,967,750. This represents a 5.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On OneMain

A number of institutional investors and hedge funds have recently modified their holdings of OMF. Core Wealth Advisors LLC acquired a new position in shares of OneMain during the 4th quarter worth about $31,000. Hillsdale Investment Management Inc. purchased a new stake in OneMain during the fourth quarter worth approximately $58,000. Freestone Grove Partners LP purchased a new stake in OneMain during the second quarter worth approximately $61,000. Parkside Financial Bank & Trust boosted its holdings in OneMain by 32.2% in the second quarter. Parkside Financial Bank & Trust now owns 1,011 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 246 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in OneMain in the second quarter valued at approximately $73,000. Institutional investors and hedge funds own 85.82% of the company's stock.

About OneMain

OneMain Holdings, Inc NYSE: OMF is a consumer finance company that provides personal lending and related financial products to consumers in the United States. Its primary business operates under the OneMain Financial brand and focuses on serving individuals who may not be fully served by traditional banks.

OneMain offers unsecured and secured personal loans, including loans used for debt consolidation, home improvements, major purchases and other personal expenses. The company also provides optional insurance and debt-cancellation products, as well as credit-related services designed to complement its lending business.

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