Onity Group (NYSE:ONIT) Upgraded at B. Riley

B. Riley upgraded shares of Onity Group (NYSE:ONIT) to a strong-buy rating in a research note published on Tuesday morning, Zacks.com reports. B. Riley also issued estimates for Onity Group’s Q3 2024 earnings at $2.33 EPS, Q4 2024 earnings at $2.39 EPS, FY2024 earnings at $10.21 EPS, Q1 2025 earnings at $2.47 EPS, Q2 2025 earnings at $2.50 EPS, Q3 2025 earnings at $2.67 EPS, Q4 2025 earnings at $2.86 EPS, FY2025 earnings at $10.50 EPS, Q1 2026 earnings at $2.85 EPS, Q2 2026 earnings at $2.97 EPS and FY2026 earnings at $12.00 EPS.

Separately, Keefe, Bruyette & Woods upped their target price on Onity Group from $33.00 to $35.00 and gave the company an outperform rating in a research report on Tuesday, August 6th.

Onity Group Trading Up 4.2 %

Shares of ONIT opened at $27.78 on Tuesday. Onity Group has a 12 month low of $21.15 and a 12 month high of $31.96. The company has a quick ratio of 21.72, a current ratio of 21.72 and a debt-to-equity ratio of 21.76. The firm has a market cap of $216.96 million, a PE ratio of 52.42 and a beta of 1.84.

Onity Group (NYSE:ONIT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $1.37 by $2.70. Onity Group had a return on equity of 15.72% and a net margin of 0.16%. The firm had revenue of $246.40 million during the quarter, compared to analyst estimates of $273.64 million. During the same quarter in the prior year, the business posted $1.04 EPS.

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.