OneMain (OMF) Projected to Post Earnings on Friday

OneMain (NYSE:OMF) is expected to be releasing its earnings data before the market opens on Friday, January 31st. Analysts expect OneMain to post earnings of $1.12 per share and revenue of $1.18 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

OneMain Stock Performance

Shares of OMF stock opened at $57.96 on Wednesday. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 0.50 and a beta of 1.58. The company has a 50 day moving average price of $54.75 and a 200 day moving average price of $50.76. OneMain has a one year low of $41.70 and a one year high of $58.90.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Compass Point increased their target price on OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JMP Securities lifted their price objective on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. StockNews.com downgraded shares of OneMain from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company increased their price objective on shares of OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $56.69.

Insider Buying and Selling

In related news, CEO Douglas H. Shulman sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total value of $1,083,800.00. Following the completion of the sale, the chief executive officer now directly owns 392,474 shares of the company’s stock, valued at $21,268,166.06. The trade was a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.45% of the company’s stock.

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.