OneMain (OMF) Expected to Announce Earnings on Friday

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

OneMain Stock Up 0.6 %

Shares of NYSE OMF opened at $57.96 on Wednesday. The firm’s 50-day moving average price is $54.75 and its two-hundred day moving average price is $50.76. OneMain has a 52-week low of $41.70 and a 52-week high of $58.90. The stock has a market capitalization of $6.92 billion, a P/E ratio of 12.68, a P/E/G ratio of 0.50 and a beta of 1.58.

Insider Activity at OneMain

In related news, CEO Douglas H. Shulman sold 20,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 392,474 shares in the company, valued at $21,268,166.06. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

OMF has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on OneMain from $52.00 to $57.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their price target on shares of OneMain from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Stephens started coverage on shares of OneMain in a report on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 price objective on the stock. Compass Point upped their target price on shares of OneMain from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, JMP Securities lifted their price target on OneMain from $60.00 to $62.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.69.

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.