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Onity Group Q1 2023 Earnings Report

Onity Group logo
$31.65 -2.05 (-6.08%)
(As of 05:12 PM ET)

Onity Group EPS Results

Actual EPS
-$0.16
Consensus EPS
-$0.39
Beat/Miss
Beat by +$0.23
One Year Ago EPS
N/A

Onity Group Revenue Results

Actual Revenue
$261.80 million
Expected Revenue
$252.63 million
Beat/Miss
Beat by +$9.17 million
YoY Revenue Growth
N/A

Onity Group Announcement Details

Quarter
Q1 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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Onity Group Earnings Headlines

BTIG Research Upgrades Onity Group (NYSE:ONIT) to "Buy"
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Onity Group upgraded to Buy from Neutral at BTIG
See More Onity Group Headlines
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About Onity Group

Onity Group (NYSE:ONIT) 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. It also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. The company was formerly known as Ocwen Financial Corporation and changed its name to Onity Group Inc. in June 2024. Onity Group Inc. was founded in 1988 and is headquartered in West Palm Beach, Florida.

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