The shares of OneMain Holdings Inc (NYSE:OMF) currently has mean rating of 1.71 while 8 analysts have recommended the shares as “BUY”, 6 recommended as “OUTPERFORM” and 3 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.
The company’s mean estimate for sales for the current quarter ending Jun-16 is 614.45 million by 5 analysts. The means estimate of sales for the year ending Dec-16 is 2.61 billion by 7 analysts.
The mean price target for the shares of OneMain Holdings Inc (NYSE:OMF) is at 40.84 while the highest price target suggested by the analysts is 65.00 and low price target is 32.00. The mean price target is calculated keeping in view the consensus of 16 brokerage firms.
The average estimate of EPS for the current fiscal quarter for OneMain Holdings Inc (NYSE:OMF) stands at 1.01 while the EPS for the current year is fixed at 4.35 by 17 analysts.
The next one year’s EPS estimate is set at 5.78 by 17 analysts while a year ago the analysts suggested the company’s EPS at 4.35. The analysts also projected the company’s long-term growth at 43.40% for the upcoming five years.
In its latest quarter ended on 31st March 2016, OneMain Holdings Inc (NYSE:OMF) reported earnings of $1.05. The posted earnings missed the analyst’s consensus by -$0.03 with the surprise factor of -2.80%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
On May 4, 2016 OneMain Holdings Inc (OMF) reported GAAP basis net income of $153 million, or $1.13 per diluted share, for the first quarter of 2016. Net Income includes a $229 million pretax net gain on the previously announced sale of the company’s interests in SpringCastle.
After tax Core Earnings (a non-GAAP measure) for the first quarter of 2016 was $141 million, and after tax Core Earnings per Diluted Share (a non-GAAP measure) was $1.05.Weighted average diluted shares outstanding increased to 134.9 million for the first quarter of 2016 from 115.0 million for the prior year quarter as a result of the company’s issuance of 19.4 million common shares on May 4, 2015.
Jay Levine, President and CEO of OneMain Holdings, Inc. said, “This quarter represents the first full quarter since we completed the acquisition of OneMain, and we could not be more pleased with the results we have achieved thus far. The combination of Springleaf and OneMain has had an immediate, and very positive impact on our core earnings which, excluding SpringCastle, grew from $0.35 per share in last year’s first quarter to $0.94 in this year’s first quarter. We also made significant progress on driving incremental growth at the former OneMain, with higher levels of originations, particularly in the strategically key area of secured lending. Integration activities are on schedule, resulting in greater operational efficiencies, even as we continue to provide our customary high level of personalized service.”
Levine added, “We also made material progress on strengthening our capital base, enhancing our liquidity and extending our debt maturities, all of which simplify our financial picture and help position us for sustained earnings growth and strong returns.”