B. Riley Comments on Onity Group's Q1 Earnings (NYSE:ONIT)

Onity Group (NYSE:ONIT - Free Report) - Equities researchers at B. Riley issued their Q1 2025 earnings per share (EPS) estimates for Onity Group in a research report issued on Monday, April 21st. B. Riley analyst R. Binner expects that the company will post earnings per share of $1.68 for the quarter. B. Riley has a "Strong-Buy" rating on the stock. The consensus estimate for Onity Group's current full-year earnings is $10.51 per share.

Onity Group Stock Performance

Shares of Onity Group stock traded down $0.02 during trading on Thursday, hitting $32.98. 21,701 shares of the stock were exchanged, compared to its average volume of 35,282. The company has a current ratio of 26.46, a quick ratio of 26.46 and a debt-to-equity ratio of 20.28. The company has a fifty day moving average price of $30.85 and a 200-day moving average price of $31.76. The stock has a market capitalization of $259.65 million, a price-to-earnings ratio of 8.06 and a beta of 1.58. Onity Group has a 1-year low of $22.40 and a 1-year high of $41.27.

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

Hedge Funds Weigh In On Onity Group

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Onity Group by 7,724.6% during the 1st quarter. GAMMA Investing LLC now owns 4,460 shares of the company's stock worth $138,000 after acquiring an additional 4,403 shares during the period. Public Employees Retirement System of Ohio bought a new position in Onity Group during the fourth quarter worth $84,000. Two Sigma Investments LP bought a new position in Onity Group during the fourth quarter worth $662,000. Nuveen Asset Management LLC acquired a new position in shares of Onity Group in the fourth quarter valued at $421,000. Finally, Millennium Management LLC bought a new position in shares of Onity Group in the fourth quarter valued at about $431,000. Institutional investors and hedge funds own 70.16% of the company's stock.

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.