B. Riley Has Negative Outlook of Onity Group FY2025 Earnings

Onity Group (NYSE:ONIT) – Analysts at B. Riley dropped their FY2025 earnings estimates for shares of Onity Group in a report issued on Wednesday, February 26th. B. Riley analyst R. Binner now expects that the company will post earnings per share of $8.40 for the year, down from their previous forecast of $10.18. 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. B. Riley also issued estimates for Onity Group’s FY2026 earnings at $9.50 EPS.

Several other brokerages have also recently commented on ONIT. 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 report 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 stock an “outperform” rating in a report on Tuesday, November 12th.

Onity Group Price Performance

Shares of NYSE:ONIT opened at $32.31 on Friday. The firm has a market capitalization of $254.38 million, a PE ratio of 7.90 and a beta of 1.87. The company has a current ratio of 26.46, a quick ratio of 26.46 and a debt-to-equity ratio of 20.28. Onity Group has a 1-year low of $22.40 and a 1-year high of $41.27. The business’s 50 day moving average is $33.50 and its 200-day moving average is $31.35.

Onity Group (NYSE:ONIT) last released 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). 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%.

Institutional Inflows and Outflows

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