B. Riley Weighs in on Onity Group’s Q1 Earnings (NYSE:ONIT)

Onity Group (NYSE:ONIT) – Analysts at B. Riley issued their Q1 2025 earnings per share estimates for shares of Onity Group in a note issued to investors on Monday, April 21st. B. Riley analyst R. Binner forecasts that the company will post earnings of $1.68 per share for the quarter. B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Onity Group’s current full-year earnings is $10.51 per share.

Onity Group Stock Up 4.3 %

Shares of NYSE ONIT opened at $32.99 on Thursday. The business has a 50-day moving average of $30.86 and a 200-day moving average of $31.73. The firm has a market capitalization of $259.73 million, a price-to-earnings ratio of 8.07 and a beta of 1.58. The company has a current ratio of 26.46, a quick ratio of 26.46 and a debt-to-equity ratio of 20.28. Onity Group has a 12 month low of $22.40 and a 12 month high of $41.27.

Onity Group (NYSE:ONIT) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.95). Onity Group had a net margin of 3.47% and a return on equity of 20.50%. The business had revenue of $224.80 million for the quarter, compared to the consensus estimate of $253.37 million.

Hedge Funds Weigh In On Onity Group

A number of hedge funds and other institutional investors have recently bought and sold shares of ONIT. Public Employees Retirement System of Ohio purchased a new position in Onity Group in the fourth quarter worth $84,000. Corebridge Financial Inc. purchased a new position in shares of Onity Group in the 4th quarter worth about $98,000. New York State Common Retirement Fund purchased a new position in shares of Onity Group during the 4th quarter valued at about $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Onity Group in the 4th quarter worth approximately $115,000. Finally, Wells Fargo & Company MN purchased a new stake in Onity Group in the fourth quarter worth approximately $116,000. Hedge funds and other institutional investors own 70.16% of the company’s stock.

About Onity Group

Onity Group Inc, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans.