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Onity Group (ONIT)
NYSE:ONIT
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.89Last Year’s EPS
1.33Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 4.33%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
The earnings call reflects strong financial performance and strategic growth, particularly in servicing and originations. The company's focus on technology and customer satisfaction has yielded positive results. However, challenges in subservicing additions, legal expenses, and market volatility present concerns.Company Guidance
During the Onity Group's first quarter 2025 earnings call, the company provided guidance highlighting strong financial performance despite challenging market conditions. They reported an adjusted pre-tax income of $25 million and an annualized adjusted return on equity (ROE) of 22%, surpassing their guidance. The GAAP net income attributable to common shareholders was $21 million, or $2.50 per share fully diluted, reflecting a 19% annualized ROE. The average servicing unpaid principal balance (UPB) was $305 billion, marking a $13 billion increase from the first quarter of 2024. The company also noted a 4% increase in book value per share compared to Q1 2024. Onity maintained its full-year 2025 guidance, expecting servicing book growth to exceed 10% year-over-year, with a stable efficiency ratio and a consistent hedge ratio of 90% to 110%. The Mortgage Bankers Association and Fannie Mae projected a 17% increase in industry origination volumes, contingent on a 9% rise in home purchase volume and a 39% jump in refinancing volume.Strong Financial Performance
Adjusted pre-tax income of $25 million and an annualized adjusted ROE of 22%, exceeding guidance. GAAP net income attributable to common shareholders was $21 million or $2.50 per share fully diluted, reflecting an annualized return on equity of 19%.
Increase in Servicing UPB
Average servicing UPB of $305 billion for the quarter is up $13 billion versus the first quarter of 2024.
Growth in Owned MSR Editions
Owned MSR editions more than doubled versus the first quarter of 2024.
Book Value Per Share Increase
Book value per share was up approximately 4% versus Q1 2024 and up approximately 2% versus year-end 2024.
Successful Technology Investments
89% of customer inquiries handled through digital interface channels and robotic process automation, saving over 60,000 manual work hours a month.
High Customer Satisfaction
4.6 and 4.1 out of 5 star satisfaction rating for call center and load boarding performance respectively; 61 net promoter score from sub-servicing clients.
New Product Launches and Growth
Enhanced closed and second lean product saw lock volume 3.6 times the same period last year. Proprietary equity IQ reverse mortgage product launched on schedule.
Strong Origination Growth
Originations volume grew 53% versus Q1 2024, and consumer direct channel volume grew by about 165%.
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ONIT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ONIT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 30, 2025 | $35.53 | $37.51 | +5.57% |
| Feb 13, 2025 | $39.25 | $35.99 | -8.31% |
| Nov 05, 2024 | $30.13 | $30.96 | +2.75% |
| Aug 01, 2024 | $29.23 | $28.78 | -1.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Onity Group (ONIT) report earnings?
Onity Group (ONIT) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Onity Group (ONIT) earnings time?
Onity Group (ONIT) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ONIT EPS forecast?
ONIT EPS forecast for the fiscal quarter 2025 (Q2) is 1.89.
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