Onity Group (ONIT) to Release Quarterly Earnings on Tuesday

Onity Group (NYSE:ONIT - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Onity Group to post earnings of $1.47 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Onity Group (NYSE:ONIT - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.39 earnings per share 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. On average, analysts expect Onity Group to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Onity Group Stock Performance

Shares of Onity Group stock traded down $0.47 during trading hours on Friday, reaching $32.01. The company's stock had a trading volume of 43,941 shares, compared to its average volume of 49,963. Onity Group has a one year low of $22.40 and a one year high of $41.27. The company's 50 day simple moving average is $33.54 and its 200 day simple moving average is $31.04. The company has a debt-to-equity ratio of 20.28, a quick ratio of 26.46 and a current ratio of 26.46. The stock has a market cap of $251.92 million, a P/E ratio of 7.83 and a beta of 1.87.

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Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. B. Riley upgraded Onity Group to a "strong-buy" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their price objective on Onity Group from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Finally, BTIG Research raised Onity Group from a "neutral" rating to a "buy" rating and set a $40.00 target price on the stock in a research report on Monday, December 9th.

Onity Group Company Profile

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.