What is B. Riley’s Forecast for Onity Group FY2025 Earnings?

Onity Group (NYSE:ONIT) – Research analysts at B. Riley decreased their FY2025 EPS estimates for Onity Group in a research note issued on Wednesday, February 26th. B. Riley analyst R. Binner now anticipates that the company will post earnings per share of $8.40 for the year, down from their previous estimate of $10.18. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Onity Group’s current full-year earnings is $10.51 per share. B. Riley also issued estimates for Onity Group’s FY2026 earnings at $9.50 EPS.

Onity Group (NYSE:ONIT) last posted its earnings results on Thursday, February 13th. The company reported $1.39 EPS 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 during the quarter, compared to analyst estimates of $253.37 million.

Other research analysts have also recently issued research reports about the company. BTIG Research raised Onity Group from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Monday, December 9th. Keefe, Bruyette & Woods raised their price objective on shares of Onity Group from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th.

Onity Group Stock Down 2.1 %

Shares of ONIT stock opened at $31.89 on Friday. Onity Group has a 1 year low of $22.40 and a 1 year high of $41.27. 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 business’s fifty day moving average is $33.47 and its 200-day moving average is $31.27. The stock has a market cap of $250.90 million, a PE ratio of 7.80 and a beta of 1.87.

Institutional Investors Weigh In On Onity Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Onity Group in the 4th quarter worth about $84,000. Corebridge Financial Inc. acquired a new position in shares of Onity Group in the fourth quarter worth about $98,000. New York State Common Retirement Fund purchased a new position in shares of Onity Group in the fourth quarter worth approximately $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Onity Group during the fourth quarter valued at approximately $115,000. Finally, Wells Fargo & Company MN purchased a new stake in shares of Onity Group in the 4th quarter valued at approximately $116,000. 70.16% of the stock is owned by institutional investors and hedge funds.

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.