OneMain (NYSE:OMF) Releases Quarterly Earnings Results, Beats Estimates By $0.17 EPS

OneMain (NYSE:OMF - Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.17, Zacks reports. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The business's revenue was up 7.1% on a year-over-year basis.

OneMain Stock Up 3.7 %

Shares of OMF traded up $1.77 during trading hours on Friday, reaching $49.36. The stock had a trading volume of 836,709 shares, compared to its average volume of 1,037,693. The firm has a 50-day moving average of $47.50 and a 200 day moving average of $51.76. The company has a market cap of $5.88 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.44 and a beta of 1.28. OneMain has a 52 week low of $38.00 and a 52 week high of $58.90.

OneMain Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.43%. OneMain's dividend payout ratio is 87.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. JMP Securities reissued a "market outperform" rating and set a $65.00 price objective on shares of OneMain in a report on Wednesday. Stephens restated an "overweight" rating and issued a $62.00 price objective on shares of OneMain in a research report on Monday, February 3rd. Wells Fargo & Company decreased their price objective on OneMain from $57.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Wednesday. StockNews.com upgraded OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, Evercore ISI assumed coverage on OneMain in a report on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $58.40.

Insider Buying and Selling at OneMain

In other news, CEO Douglas H. Shulman sold 25,000 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the completion of the sale, the chief executive officer now owns 343,925 shares of the company's stock, valued at $16,332,998.25. This represents a 6.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael A. Hedlund sold 2,808 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the completion of the sale, the senior vice president now directly owns 15,831 shares in the company, valued at $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,808 shares of company stock valued at $3,344,751. Company insiders own 0.45% of the company's stock.

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.