OneMain (NYSE:OMF) Announces Earnings Results

OneMain (NYSE:OMF - Get Free Report) issued its earnings results on Tuesday. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.07, Briefing.com reports. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $907.93 million. OneMain had a net margin of 14.04% and a return on equity of 21.07%. During the same quarter last year, the business earned $1.46 earnings per share.

OneMain Trading Down 2.6 %

NYSE:OMF traded down $1.34 during mid-day trading on Wednesday, reaching $50.77. The company's stock had a trading volume of 2,009,016 shares, compared to its average volume of 1,053,412. OneMain has a 12-month low of $33.67 and a 12-month high of $53.65. The firm's fifty day moving average price is $48.87 and its two-hundred day moving average price is $45.58. The stock has a market cap of $6.09 billion, a P/E ratio of 9.54, a PEG ratio of 0.70 and a beta of 1.65.

OneMain Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 8.19%. The ex-dividend date of this dividend is Thursday, May 9th. This is a positive change from OneMain's previous quarterly dividend of $1.00. OneMain's payout ratio is currently 75.19%.

Analysts Set New Price Targets

Several analysts recently weighed in on OMF shares. Royal Bank of Canada lifted 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of OneMain in a report on Wednesday, January 10th. They set a "buy" rating and a $68.00 target price on the stock. Stephens dropped their target price on shares of OneMain from $61.00 to $57.00 and set an "overweight" rating on the stock in a report on Thursday, February 8th. JPMorgan Chase & Co. boosted their target price on shares of OneMain from $51.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, StockNews.com upgraded shares of OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, OneMain currently has an average rating of "Moderate Buy" and a consensus price target of $53.31.

OneMain Company Profile

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.