OneMain (NYSE:OMF) Posts Quarterly Earnings Results, Beats Expectations By $0.17 EPS

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

OneMain Stock Performance

Shares of NYSE OMF traded down $0.45 during midday trading on Tuesday, reaching $48.70. The stock had a trading volume of 619,371 shares, compared to its average volume of 1,041,206. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. OneMain has a 12-month low of $38.00 and a 12-month high of $58.90. The stock has a 50-day moving average of $47.97 and a 200-day moving average of $51.76.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be issued a $1.04 dividend. This represents a $4.16 dividend on an annualized basis and a yield of 8.54%. OneMain's dividend payout ratio is 98.11%.

Insiders Place Their Bets

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company'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 transaction, the senior vice president now owns 15,831 shares in the company, valued at approximately $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Stephens restated an "overweight" rating and set a $62.00 price objective on shares of OneMain in a research note on Monday, February 3rd. Northland Capmk raised shares of OneMain from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Royal Bank of Canada upped their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, Barclays set a $56.00 price objective on OneMain in a report on Friday, March 14th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $58.17.

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.