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OneMain Holdings Inc (NYSE:OMF) stock has reached a new 52-week high, touching $59.03. This milestone reflects a significant upward trajectory for the financial services company over the past year. With a market capitalization of nearly $7 billion and an attractive P/E ratio of 12.3, the company currently trades near its InvestingPro Fair Value. The stock’s performance has been bolstered by a 29% increase over the past 12 months, showcasing investor confidence and strong market positioning. Offering a substantial 7.15% dividend yield and maintaining a "GOOD" financial health score according to InvestingPro, the company demonstrates resilience and growth potential in the competitive financial sector. Analysts have set price targets ranging from $48 to $74, with additional insights available in the comprehensive Pro Research Report, one of 1,400+ detailed company analyses on InvestingPro.
In other recent news, OneMain Holdings reported strong financial results for the first quarter of 2025, exceeding Wall Street expectations. The company announced an earnings per share (EPS) of $1.72, surpassing the forecasted $1.55, and reported revenues of $1.18 billion, which also exceeded the anticipated $1.16 billion. JMP analysts maintained a Market Outperform rating with a $65.00 price target on OneMain’s stock, highlighting the company’s strategic approach to credit underwriting and loss provisioning. TD Cowen also raised its price target to $60.00 from $56.00, citing OneMain’s extensive branch network and online capabilities as key growth drivers.
The company continues to focus on cautious credit underwriting practices while expecting its existing loan portfolio to amortize over the coming quarters. OneMain’s management emphasized their strategic initiatives, including the pursuit of an industrial loan company charter to enhance future growth. Despite economic uncertainties, OneMain’s conservative underwriting approach and diversified funding sources have contributed to its strong performance. The company also reported a 19% year-over-year increase in adjusted net income per share and a 10% rise in total revenue. Analysts have noted OneMain’s readiness to navigate changing economic conditions, with a strategic reserve for potential losses positioning the company well for future uncertainties.
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