Onity Group Announces Third Quarter 2024 Results
Onity Group Inc. (ONIT)
Company Research
Source: GlobeNewswire
Net income of $21 million and diluted EPS of $2.65; return on equity of 19%Adjusted pre-tax income of $35 million, resulting in adjusted pre-tax return on equity of 31%Executed several transactions to facilitate corporate debt refinancing, resulting in a debt-to-equity ratio of 2.9x as of September 30, 2024, compared to 3.9x in fourth quarter 2023$18 billion in total servicing additions ($8 billion in subservicing additions)Book value per share improved to $59.50 as of September 30, 2024 WEST PALM BEACH, Fla., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer and originator, today announced its third quarter 2024 results and provided a business update. The Company reported GAAP net income of $21 million for the third quarter with an adjusted pre-tax income of $35 million (see “Note Regarding Non-GAAP Financial Measures” below). “The Onity platform continued to deliver strong results i
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- Onity Group (NYSE: ONIT) had its price target raised by analysts at Keefe, Bruyette & Woods from $40.00 to $45.00. They now have an "outperform" rating on the stock.MarketBeat
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