Northland Capmk Has Bearish Forecast for OneMain Q1 Earnings

OneMain Holdings, Inc. (NYSE:OMF - Free Report) - Research analysts at Northland Capmk dropped their Q1 2025 earnings per share (EPS) estimates for OneMain in a research report issued on Thursday, October 31st. Northland Capmk analyst M. Grondahl now expects that the financial services provider will post earnings per share of $1.18 for the quarter, down from their prior forecast of $1.41. The consensus estimate for OneMain's current full-year earnings is $4.91 per share. Northland Capmk also issued estimates for OneMain's FY2025 earnings at $5.97 EPS.

OneMain (NYSE:OMF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.90 by $0.12. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $918.74 million. OneMain had a net margin of 11.27% and a return on equity of 19.31%. During the same quarter last year, the firm posted $1.01 EPS.

Several other research analysts have also recently issued reports on OMF. JMP Securities increased their price objective on OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a research note on Thursday. Wells Fargo & Company increased their price target on OneMain from $49.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Thursday. Northland Securities lifted their price objective on OneMain from $53.00 to $55.00 and gave the company a "market perform" rating in a report on Thursday, August 1st. JPMorgan Chase & Co. lowered their price objective on shares of OneMain from $56.00 to $51.00 and set an "overweight" rating for the company in a research note on Monday, October 7th. Finally, StockNews.com downgraded shares of OneMain from a "buy" rating to a "hold" rating in a research report on Saturday, October 26th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $55.08.

OneMain Price Performance

Shares of NYSE:OMF traded up $0.12 during trading on Friday, reaching $49.79. 1,037,090 shares of the company were exchanged, compared to its average volume of 1,002,717. The business's fifty day simple moving average is $47.13 and its 200-day simple moving average is $48.33. OneMain has a 12-month low of $36.52 and a 12-month high of $54.94. The firm has a market capitalization of $5.96 billion, a PE ratio of 10.90, a P/E/G ratio of 0.98 and a beta of 1.56.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. EdgeRock Capital LLC acquired a new position in OneMain in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of OneMain in the second quarter worth $34,000. Blue Trust Inc. increased its stake in shares of OneMain by 43.4% in the second quarter. Blue Trust Inc. now owns 743 shares of the financial services provider's stock worth $38,000 after acquiring an additional 225 shares during the period. Abich Financial Wealth Management LLC raised its holdings in shares of OneMain by 46.1% during the first quarter. Abich Financial Wealth Management LLC now owns 963 shares of the financial services provider's stock worth $49,000 after purchasing an additional 304 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in OneMain by 32.6% during the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider's stock valued at $86,000 after purchasing an additional 437 shares during the period. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at OneMain

In other OneMain news, COO Micah R. Conrad sold 2,500 shares of the firm's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the sale, the chief operating officer now owns 117,025 shares of the company's stock, valued at approximately $5,353,893.75. This trade represents a 0.00 % 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 the SEC website. In related news, COO Micah R. Conrad sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $45.75, for a total value of $114,375.00. Following the completion of the transaction, the chief operating officer now directly owns 117,025 shares of the company's stock, valued at $5,353,893.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas H. Shulman sold 15,000 shares of OneMain stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $46.30, for a total transaction of $694,500.00. Following the completion of the sale, the chief executive officer now owns 422,474 shares of the company's stock, valued at $19,560,546.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,792 shares of company stock valued at $2,032,859 in the last ninety days. Corporate insiders own 0.45% of the company's stock.

OneMain Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be given a $1.04 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 8.36%. OneMain's payout ratio is 91.03%.

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.