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Wednesday, May 12, 2021

OneMain Holdings Inc. (NYSE:OMF) is Gaining Momentum on Earnings Catalyst

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OneMain Holdings Inc. (OMF) shares are trading at lower $36.78 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $39.38.

To add more color to this target, the company’s high over the last year is $43.40 and the low is $11.45. Over the last 52 weeks, OMF is up 7.68% while the S&P 500 is up 11.51%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, OMF reported a profit of $806.0 million. OneMain Holdings Inc. also saw revenues increase to $1.08 billion. In addition, OMF has free cash flow of $1.2 billion as of 06-2020.

OMF booked profit margins of 12.70%, its Return on Equity (ROE) is 17.20%, and its Return on Assets is 2.70%. All told, it is clear that, OMF needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. OMF has a short ratio of 3.68 and outstanding shares of 134.32M.

Company Outlook

OMF has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 4.63. Investors should also keep an eye on sector updates as OMF has historically followed its peers on positive news.

All told, OneMain Holdings Inc. OMF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, OMF represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

OneMain Holdings Inc. OMF is now commanding a market cap of 4.78B and a float of 129.86M. OMF is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of OMF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in OMF, either long or short, and we have not been compensated for this article.

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