OneMain (OMF) to Release 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

OneMain Stock Down 1.9 %

Shares of OMF opened at $56.95 on Thursday. The company has a market cap of $6.80 billion, a P/E ratio of 12.46, a PEG ratio of 0.50 and a beta of 1.58. OneMain has a fifty-two week low of $41.70 and a fifty-two week high of $58.90. The firm’s 50 day moving average price is $54.79 and its 200 day moving average price is $50.80.

Insider Activity

In related news, CEO Douglas H. Shulman sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $54.19, for a total transaction of $1,083,800.00. Following the sale, the chief executive officer now directly owns 392,474 shares in the company, valued at approximately $21,268,166.06. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

OMF has been the topic of a number of analyst reports. Barclays lowered shares of OneMain from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Stephens began coverage on shares of OneMain in a report on Wednesday, November 13th. They set an “overweight” rating and a $62.00 price objective on the stock. JMP Securities upped their target price on shares of OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Compass Point lifted their price target on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company raised their price objective on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.69.

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.