Equities Analysts Offer Predictions for OneMain Holdings, Inc.’s Q4 2024 Earnings (NYSE:OMF)

OneMain Holdings, Inc. (NYSE:OMF) – Seaport Res Ptn decreased their Q4 2024 earnings estimates for shares of OneMain in a research report issued to clients and investors on Wednesday, September 25th. Seaport Res Ptn analyst W. Ryan now expects that the financial services provider will earn $1.05 per share for the quarter, down from their prior forecast of $1.33. The consensus estimate for OneMain’s current full-year earnings is $5.11 per share.

OneMain (NYSE:OMF) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.12. OneMain had a net margin of 12.33% and a return on equity of 20.63%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. During the same period in the prior year, the firm posted $1.01 EPS.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 price target on shares of OneMain in a research report on Tuesday, September 17th. BTIG Research began coverage on shares of OneMain in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. Northland Securities raised their price target on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on shares of OneMain from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, July 8th. Finally, Barclays dropped their price objective on shares of OneMain from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.25.

OneMain Stock Performance

OneMain stock opened at $45.71 on Monday. The firm’s 50-day moving average is $47.61 and its 200-day moving average is $48.70. OneMain has a 1 year low of $35.00 and a 1 year high of $54.94. The company has a market cap of $5.48 billion, a P/E ratio of 8.91, a PEG ratio of 0.81 and a beta of 1.56.

Hedge Funds Weigh In On OneMain

Several large investors have recently made changes to their positions in OMF. EdgeRock Capital LLC bought a new position in shares of OneMain during the 2nd quarter valued at about $31,000. International Assets Investment Management LLC bought a new position in shares of OneMain during the 2nd quarter valued at about $34,000. Blue Trust Inc. boosted its position in shares of OneMain by 43.4% during the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 225 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in shares of OneMain by 46.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 304 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of OneMain by 557.8% during the 1st quarter. UMB Bank n.a. now owns 1,342 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,138 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.

Insider Buying and Selling at OneMain

In other OneMain news, COO Micah R. Conrad sold 1,614 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the transaction, the chief operating officer now owns 110,411 shares of the company’s stock, valued at approximately $5,520,550. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other OneMain news, COO Micah R. Conrad sold 1,614 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $50.00, for a total transaction of $80,700.00. Following the transaction, the chief operating officer now owns 110,411 shares of the company’s stock, valued at approximately $5,520,550. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total transaction of $114,375.00. Following the transaction, the chief operating officer now directly owns 117,025 shares in the company, valued at approximately $5,353,893.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,300 shares of company stock valued at $1,534,275. Company insiders own 0.45% of the company’s stock.

OneMain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid a dividend of $1.04 per share. The ex-dividend date was Monday, August 12th. This represents a $4.16 annualized dividend and a yield of 9.10%. OneMain’s payout ratio is 81.09%.

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.