Onity Group (NYSE:ONIT - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $1.39 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.95), Zacks reports. The company had revenue of $224.80 million for the quarter, compared to analyst estimates of $253.37 million. Onity Group had a net margin of 1.41% and a return on equity of 21.05%.
Onity Group Trading Down 0.6 %
Shares of ONIT stock traded down $0.23 during trading hours on Monday, reaching $35.76. 54,942 shares of the stock traded hands, compared to its average volume of 42,950. The business has a fifty day moving average price of $33.52 and a 200 day moving average price of $30.91. Onity Group has a 1-year low of $22.40 and a 1-year high of $41.27. The company has a quick ratio of 26.46, a current ratio of 26.46 and a debt-to-equity ratio of 20.28. The firm has a market capitalization of $281.43 million, a PE ratio of 23.68 and a beta of 1.87.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on ONIT shares. BTIG Research raised shares of Onity Group from a "neutral" rating to a "buy" rating and set a $40.00 price objective on the stock in a research note on Monday, December 9th. Keefe, Bruyette & Woods upped their price target on Onity Group from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, B. Riley upgraded Onity Group to a "strong-buy" rating in a research report on Tuesday, January 7th.
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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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