OneMain (OMF) to Release Earnings on Friday

OneMain (NYSE:OMF - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Friday, January 31st. Analysts expect OneMain to post earnings of $1.12 per share and revenue of $1,200,316.67 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.

OneMain Stock Performance

NYSE:OMF traded down $0.44 during trading hours on Friday, reaching $57.52. The company's stock had a trading volume of 373,555 shares, compared to its average volume of 838,902. The firm has a 50-day simple moving average of $54.52 and a 200-day simple moving average of $50.47. OneMain has a 1 year low of $41.70 and a 1 year high of $58.22. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.50 and a beta of 1.58.

OneMain Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were given a dividend of $1.04 per share. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a yield of 7.23%. OneMain's payout ratio is currently 91.03%.

Analyst Ratings Changes

OMF has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on OneMain from $52.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Tuesday. JMP Securities lifted their target price on OneMain from $60.00 to $62.00 and gave the stock a "market outperform" rating in a report on Thursday, October 31st. Barclays cut shares of OneMain from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $52.00 to $46.00 in a report on Tuesday, October 8th. Stephens initiated coverage on shares of OneMain in a research report on Wednesday, November 13th. They issued an "overweight" rating and a $62.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their price target on OneMain from $59.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $56.69.

Insider Buying and Selling

In other news, CEO Douglas H. Shulman sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total transaction of $265,000.00. Following the transaction, the chief executive officer now directly owns 412,474 shares in the company, valued at approximately $21,861,122. This trade represents a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael A. Hedlund sold 1,992 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total transaction of $103,584.00. Following the completion of the transaction, the senior vice president now directly owns 18,955 shares of the company's stock, valued at $985,660. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,492 shares of company stock valued at $1,582,384 over the last quarter. 0.45% of the stock is owned by corporate insiders.

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.