Onity Group (ONIT) Expected to Announce Quarterly Earnings on Tuesday

Onity Group (NYSE:ONIT) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Onity Group to post earnings of $1.47 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Onity Group (NYSE:ONIT) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.95). The company had revenue of $224.80 million for the quarter, compared to analysts’ expectations of $253.37 million. Onity Group had a return on equity of 20.50% and a net margin of 3.47%. On average, analysts expect Onity Group to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Onity Group Stock Performance

Onity Group stock opened at $32.01 on Monday. The company has a market capitalization of $251.92 million, a price-to-earnings ratio of 7.83 and a beta of 1.87. The company has a debt-to-equity ratio of 20.28, a quick ratio of 26.46 and a current ratio of 26.46. Onity Group has a fifty-two week low of $22.40 and a fifty-two week high of $41.27. The stock has a fifty day moving average of $33.50 and a two-hundred day moving average of $31.14.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ONIT. Keefe, Bruyette & Woods lifted their target price on Onity Group from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. B. Riley raised Onity Group to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, BTIG Research raised Onity Group from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Monday, December 9th.

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.