OneMain Holdings Inc (OMF) Releases Earnings Results, Misses Expectations By $-0.03 EPS

OneMain Holdings Inc (OMF) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $1.05 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $1.08. Analysts expectations of $999.10 million.

Many Wall Street Analysts have commented on OneMain Holdings Inc. Shares were Reiterated by Barclays on Apr 12, 2016 to “Overweight” and Lowered the Price Target to $ 34 from a previous price target of $35 .Barclays Resumed OneMain Holdings Inc on Feb 26, 2016 to “Overweight”, Price Target of the shares are set at $35.Shares were Downgraded by Compass Point on Feb 26, 2016 to ” Neutral” and Lowered the Price Target to $ 30 from a previous price target of $64 .

In a different news, on Mar 2, 2016, Scott T Parker (CFO) purchased 12,500 shares at $24.28 per share price. According to the SEC, on Mar 2, 2016, Bradford D. Borchers (EVP) purchased 2,000 shares at $24.50 per share price. On Mar 2, 2016, Robert Hurzeler (EVP, Auto Lending) purchased 2,500 shares at $23.65 per share price, according to the Form-4 filing with the securities and exchange commission.

OneMain Holdings Inc. formerly Springleaf Holdings Inc. (SHI) is a consumer financial services holding company. The Company provides responsible loan products to customers through its branch network and through its centralized operations. The Company operates its business through three segments: Consumer and Insurance; Acquisitions and Servicing and Real Estate. The Company originates and services secured and unsecured personal loans and offer voluntary credit insurance and related products through its branch network and its centralized operations. The Company pursues strategic acquisitions of loan portfolios through its Springleaf Acquisitions division. Springleaf Finance Inc. (SFI) is the subsidiary of the Company. SFI’s subsidiary is Springleaf Finance Corporation (SFC) which is a financial services holding company with subsidiaries engaged in the consumer finance and credit insurance businesses.

OneMain Holdings Inc

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