What is B. Riley’s Forecast for Onity Group Q1 Earnings?

Onity Group (NYSE:ONIT) – Stock analysts at B. Riley issued their Q1 2025 earnings per share (EPS) estimates for shares of Onity Group in a research report issued to clients and investors on Monday, April 21st. B. Riley analyst R. Binner forecasts that the company will earn $1.68 per share 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 (NYSE:ONIT) last released its quarterly earnings data 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 net margin of 3.47% and a return on equity of 20.50%. The company had revenue of $224.80 million for the quarter, compared to analysts’ expectations of $253.37 million.

Onity Group Price Performance

Shares of Onity Group stock opened at $32.99 on Thursday. The company’s fifty day simple moving average is $30.86 and its two-hundred day simple moving average is $31.73. Onity Group has a 12-month low of $22.40 and a 12-month high of $41.27. The firm has a market cap of $259.73 million, a PE ratio of 8.07 and a beta of 1.58. The company has a quick ratio of 26.46, a current ratio of 26.46 and a debt-to-equity ratio of 20.28.

Hedge Funds Weigh In On Onity Group

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

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.