Jefferies Cuts Price Target on OneMain Holdings (OMF) to $30; Reiterates Buy
- Wall Street falls as investors ready for Trump's inauguration
- IBM (IBM) Tops Q4 EPS by 13c, FY17 EPS Guidance Beats Consensus
- American Express (AXP) Misses Q4 EPS by 7c, FY17 EPS Guidance Tops Views at Mid-Poinit
- Skyworks Solutions (SWKS) Tops Q1 EPS by 3c, Offers Q2 Guidance, Announces Buyback
- After-Hours Stock Movers 01/19: (SWKS) (QRVO) (NVAX) Higher; (AFMD) (SGYP) (IBM) Lower (more...)
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Jefferies maintained a Buy rating on OneMain Holdings (NYSE: OMF), and cut the price target to $30.00 (from $40.00), following the company's 3Q earnings report. OMF reported EPS of $0.90, versus the consensus of $1.06. Management provided updated core EPS guidance, reducing 2016 core EPS guidance from $4.20-$4.70 to $3.60-$3.70 and 2017 core EPS guidance from $5.60-$6.10 to $3.75-$4.00.
Analyst John Hecht commented, "OMF reported core EPS of $0.90, versus JEFe of $1.04 and consensus of $1.06. The company reduced 2017 core EPS guidance ~33% at the mid-point, which we believe is attributable to integration missteps which have negatively impacted origination volumes and are impacting credit metrics. While the results/ guidance were disappointing, we believe the earnings power of the combined entity remains attractive in the context of the valuation."
Shares of OneMain closed at $27.57 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Goldman Sachs (GS) PT Raised to $256.00 at Oppenheimer Following 4Q Report
- Netflix (NFLX) PT Raised to $165.00 at Oppenheimer
- UPDATE: JPMorgan Downgrades OneMain (OMF) to Neutral
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Related EntitiesJefferies & Co, Earnings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!