What is B. Riley's Forecast for Onity Group Q2 Earnings?

Onity Group Inc. (NYSE:ONIT - Free Report) - Analysts at B. Riley cut their Q2 2025 EPS estimates for Onity Group in a research report issued on Monday, July 14th. B. Riley analyst R. Binner now anticipates that the company will post earnings of $2.02 per share for the quarter, down from their prior estimate of $2.28. B. Riley has a "Buy" rating and a $55.00 price objective on the stock. The consensus estimate for Onity Group's current full-year earnings is $10.51 per share.

Onity Group (NYSE:ONIT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $1.05. Onity Group had a net margin of 2.62% and a return on equity of 22.67%. The company had revenue of $249.80 million for the quarter, compared to the consensus estimate of $244.63 million.

A number of other analysts also recently issued reports on the stock. BTIG Research reiterated a "buy" rating on shares of Onity Group in a report on Monday, May 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Onity Group from $45.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th.

Onity Group Stock Up 0.5%

Shares of NYSE ONIT traded up $0.17 during midday trading on Tuesday, reaching $36.85. The company's stock had a trading volume of 62,118 shares, compared to its average volume of 39,128. The company has a current ratio of 33.57, a quick ratio of 33.57 and a debt-to-equity ratio of 25.88. Onity Group has a fifty-two week low of $24.26 and a fifty-two week high of $41.27. The stock has a market capitalization of $295.17 million, a price-to-earnings ratio of 12.93 and a beta of 1.65. The stock has a 50 day simple moving average of $37.75 and a 200-day simple moving average of $34.39.

Hedge Funds Weigh In On Onity Group

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new position in Onity Group during the fourth quarter worth $431,000. Bank of America Corp DE acquired a new position in Onity Group during the fourth quarter worth $294,000. Two Sigma Investments LP acquired a new position in Onity Group during the fourth quarter worth $662,000. Raymond James Financial Inc. acquired a new position in Onity Group during the fourth quarter worth $886,000. Finally, Northern Trust Corp acquired a new position in Onity Group during the fourth quarter worth $1,577,000. 70.16% of the stock is currently owned by institutional investors and hedge funds.

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.