These Analysts Revise Their Forecasts On OneMain After Q3 Results

OneMain Holdings Inc (NYSE:OMF) on Friday reported downbeat earnings for the third quarter.

The company posted quarterly earnings of $1.51 per share which missed the analyst consensus estimate of $1.57 per share. The company reported quarterly sales of $1.140 billion which missed the analyst consensus estimate of $1.215 billion.

“We delivered another strong quarter, building on the positive momentum across our business and demonstrating our ability to drive growth while maintaining rigorous credit discipline,” said Doug Shulman, Chairman and CEO of OneMain. “We are confident in our ability to deliver attractive returns for shareholders well into the future.”

OneMain shares rose 1.2% to trade at $57.23 on Monday.

These analysts made changes to their price targets on OneMain following earnings announcement.

• B of A Securities analyst Mihir Bhatia maintained the stock with a Buy and lowered the price target from $67 to $66.
• JP Morgan analyst Richard Shane maintained the stock with an Underweight rating and raised the price target from $52 to $56.
• RBC Capital analyst Kenneth S. Lee maintained the stock with an Outperform rating and lowered the price target from $71 to $70.

Considering buying OMF stock? Here’s what analysts think:

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