Overview

• US nonprime lender's Q1 diluted EPS rose yr/yr to $1.93

• Q1 net income increased to $226 mln from $213 mln a year ago

• Company repurchased about 1.9 mln shares for $105 mln in Q1

Outlook

• Company did not provide specific financial guidance for the current quarter or full year in press release

Result Drivers

• RECEIVABLES GROWTH - Co said higher managed receivables drove increases in revenue and interest income

• STRATEGIC INVESTMENTS - Operating expenses rose due to receivable growth and strategic investments in the business

Company press release: ID:nPn4JMTq3a

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 EPS		$1.93
Q1 Net Income		$226 mln
Q1 Net Interest Income		$1.07 bln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the consumer lending peer group is "buy"

• Wall Street's median 12-month price target for OneMain Holdings Inc is $68.00, about 15.7% above its April 30 closing price of $58.77

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

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