Onity Group (NYSE:ONIT - Get Free Report) will issue its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.99 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.
Onity Group (NYSE:ONIT - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $1.37 by $2.70. The firm had revenue of $246.40 million during the quarter, compared to the consensus estimate of $273.64 million. Onity Group had a net margin of 0.16% and a return on equity of 15.54%. During the same period last year, the firm earned $1.04 EPS. On average, analysts expect Onity Group to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Onity Group Trading Down 0.2 %
Shares of Onity Group stock traded down $0.05 on Wednesday, hitting $30.15. 58,068 shares of the company traded hands, compared to its average volume of 17,710. The company's 50-day simple moving average is $29.59. The company has a current ratio of 24.04, a quick ratio of 24.04 and a debt-to-equity ratio of 21.15. The company has a market capitalization of $236.53 million, a P/E ratio of 57.08 and a beta of 1.84. Onity Group has a 12-month low of $21.70 and a 12-month high of $36.91.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. B. Riley upgraded shares of Onity Group to a "strong-buy" rating in a research report on Tuesday, August 13th. Keefe, Bruyette & Woods lifted their target price on shares of Onity Group from $33.00 to $35.00 and gave the stock an "outperform" rating in a report on Tuesday, August 6th.
View Our Latest Stock Analysis on Onity Group
About Onity Group
(
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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.
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