Onity Group (ONIT) to Release Quarterly Earnings on Wednesday

Onity Group (NYSE:ONIT - Get Free Report) is expected to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, April 30th. Analysts expect Onity Group to post earnings of $1.90 per share and revenue of $244.63 million for the quarter.

Onity Group (NYSE:ONIT - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.39 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.95). The firm had revenue of $224.80 million for the quarter, compared to analyst estimates of $253.37 million. Onity Group had a return on equity of 20.50% and a net margin of 3.47%. 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 Down 0.1 %

ONIT traded down $0.02 during trading hours on Friday, reaching $32.98. 21,701 shares of the stock traded hands, compared to its average volume of 35,282. Onity Group has a fifty-two week low of $22.40 and a fifty-two week high of $41.27. The company has a market cap of $259.65 million, a price-to-earnings ratio of 8.06 and a beta of 1.58. The company has a debt-to-equity ratio of 20.28, a current ratio of 26.46 and a quick ratio of 26.46. The firm's fifty day simple moving average is $30.85 and its two-hundred day simple moving average is $31.75.

Analyst Upgrades and Downgrades

Separately, B. Riley raised Onity Group to a "strong-buy" rating in a research report on Tuesday, January 7th.

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.