Onity Group (ONIT) Set to Announce Earnings on Tuesday

Onity Group (NYSE:ONIT) is set to announce its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.99 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Onity Group (NYSE:ONIT) last released its quarterly earnings results on Thursday, August 1st. The company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $2.70. Onity Group had a return on equity of 15.54% and a net margin of 0.16%. The company had revenue of $246.40 million for the quarter, compared to analysts’ expectations of $273.64 million. During the same period in the prior year, the firm earned $1.04 earnings per share. On average, analysts expect Onity Group to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Onity Group Stock Down 0.2 %

NYSE:ONIT opened at $29.65 on Friday. The company has a quick ratio of 24.04, a current ratio of 24.04 and a debt-to-equity ratio of 21.15. The stock’s fifty day moving average price is $29.67. Onity Group has a 52 week low of $21.70 and a 52 week high of $36.91. The firm has a market capitalization of $232.75 million, a PE ratio of -329.44 and a beta of 1.85.

Analyst Ratings Changes

Several analysts have recently issued reports on ONIT shares. Keefe, Bruyette & Woods increased their price objective on Onity Group from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. B. Riley upgraded Onity Group to a “strong-buy” rating in a research note on Tuesday, August 13th.

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.