FY2025 Earnings Forecast for Onity Group Issued By B. Riley

Onity Group (NYSE:ONIT) – Investment analysts at B. Riley decreased their FY2025 earnings per share (EPS) 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 earn $8.40 per share for the year, down from their prior forecast 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.

Several other equities analysts have also weighed in on ONIT. BTIG Research raised shares of Onity Group from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Monday, December 9th. Keefe, Bruyette & Woods upped 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 Stock Down 2.1 %

Shares of Onity Group stock opened at $31.89 on Friday. The firm has a market cap of $250.90 million, a price-to-earnings ratio of 7.80 and a beta of 1.87. The stock has a 50-day simple moving average of $33.47 and a 200-day simple moving average of $31.27. Onity Group has a 52-week low of $22.40 and a 52-week high of $41.27. The company has a debt-to-equity ratio of 20.28, a current ratio of 26.46 and a quick ratio of 26.46.

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

Institutional Inflows and Outflows

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

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.