OneMain Holdings, Inc. (NYSE:OMF) is set to announce third quarter earning results on Monday 26th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, OMF to report 3Q20 income of $ 1.22 per share.
For the full year, analysts anticipate top line of $ 3332.89 million, while looking forward to income of $ 3.68 per share bottom line.
Previous Quarter Performance
OneMain Holdings, Inc. posted income for the second quarter of $ 0.80 per share, from the revenue of $ 806.00 million. The quarterly earnings dropped 50.62 percent while revenues developed 5.77 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.21 per share from $ 784.57 million in revenue. The bottom line results beat street analysts by $ 0.59 or 280.95 percent, at the same time, top line results outshined analysts by $ 21.43 million or 2.73 percent.
Stock Performance
On Friday, shares of OneMain Holdings, Inc. has traded high as $ 37.79 and has cracked $ 36.60 on the downward trend, reaching $ 37.76 with volume of 856.20 thousand shares.
According to the previous trading day, closing price of $ 37.76, representing a 198.94 % increase from the 52 week low of $ 12.21 and a 25.39 % decrease over the 52 week high of $ 48.92.
The company has a market capital of $ 5.07 billion and is part of the Financial Services sector and Credit Services industry.
Recent Analyst recommendations
- On 7th October 2020, maintained by Credit Suisse Group at Outperform rating, with $ 40.00 target price.
Recent Stock Dividend Announcement
On July 27, 2020, the board of directors authorized quarterly dividend of $ 2.33 per share to holders of record as of the close of business on August 10, 2020, with payment date of August 18, 2020 and ex-dividend date on August 7, 2020.
OneMain Holdings, Inc., through its subsidiaries, provides consumer finance and insurance products and services. The company operates in two segments, Consumer and Insurance, and Acquisitions and Servicing. It provides secured and unsecured personal loans; credit insurance products, such as life, disability, and involuntary unemployment insurance products; non-credit insurance; and auto membership plans, as well as retail sales finance services.
