OneMain Holdings Inc (NYSE:OMF) traded at $52.18 at last check on Tuesday, April 30, made an upward move of 2.62% on its previous day’s price.
Looking at the stock we see that its previous close was $50.85. The company has a trailing 12-month PE ratio of 9.82. In terms of its 52-week price range, OMF has a high of $51.65 and a low of $33.67. The company’s stock has gained about 3.88% over that past 30 days.
OneMain Holdings Inc has a market cap of $6.25 billion. With its Forward Dividend at 4.00 and a yield of 7.67%, the company’s investors could be anxious for the OMF stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.39, with the EPS growth for the year raised at $5.76 for 2024 and $7.68 for next year. These figures represent 6.10% and 33.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.01 billion, with a low of $900 million and a high of $1.09 billion. The median projection represents growth squeezing down to 17.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $4.12 billion, or 16.40% up from figures reported last year.
On the other hand, looking at the outlook for the OMF stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the OMF stock currently stands at 1.85, and the most recent price level today is 6.53% off its SMA20 and 7.38% from its 50-day simple moving average. The RSI (14) is pointing at 66.35 while the volatility over the past week is 2.30% and jumps to 2.27% over the past one month. The beta value is 1.65, while the average true range (ATR) is currently pointing at 1.28.
Coming back to OneMain Holdings Inc (NYSE:OMF), we note that the average 3-month trading volume was 1.03 million. Current shares outstanding are 119.76 million.
The insiders hold 0.79% of the company’s shares while institutions hold 81.55%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 6.06% up in year-to-date price movement.
