For its first fiscal quarter (ending March 31), OneMain Holdings Inc (NYSE: OMF) has reported a -13% decline in E.P.S. from $1.48 a year ago to $1.29 in the current quarter. Relative to the consensus estimate of $1.84, this was a shortfall of $-0.55. For the latest four quarters through March 31, E.P.S. were $5.13 versus $6.10 for the same period a year ago — a decline of -16%.
Recent Price Action
OneMain Holdings Inc (NYSE: OMF) stock enjoyed a large increase of 2.5% on 4/30/24. The stock closed at $52.11. Moreover, exceptionally high trading volume at 242% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, OMF is expected to continue to be a major Value Builder.
OneMain Holdings has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. OneMain Holdings has a slightly positive Appreciation Score of 64 and a good Power Rating of 71, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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