
ONIT Stock Forecast & Price Target
ONIT Analyst Ratings
Bulls say
Onity Group Inc. is demonstrating strong financial momentum, with a sequential increase in consumer direct volumes of 29%, resulting in a total of $384 million, while maintaining relatively stable profit margins. Additionally, the company reported a substantial 34% quarter-over-quarter rise in funded volume, reaching $9.4 billion. Furthermore, a potential reversal of the deferred tax asset (DTA) valuation allowance, estimated at $22 per share, is expected to positively impact the company's book value growth and overall market performance.
Bears say
Onity Group Inc. demonstrated a slight decline in its origination segment, with adjusted pre-tax income decreasing from $10 million to $9 million, though it remained positive for the eighth consecutive quarter. The company is facing challenges in its reverse mortgage segment, highlighted by a 6% quarter-over-quarter decrease in reverse volume and a reduction in segment margins from 392 basis points to 367 basis points. Additionally, projected estimates for fiscal years 2025 through 2027 indicate a downward trend in earnings expectations, reflecting anticipated pre-tax adjusted return on equity figures of 16.3%, 16.9%, and 17%, respectively.
This aggregate rating is based on analysts' research of Onity Group Inc and is not a guaranteed prediction by Public.com or investment advice.
ONIT Analyst Forecast & Price Prediction
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