Rithm Capital (RITM) Scheduled to Post Quarterly Earnings on Tuesday

Rithm Capital (NYSE:RITM) will post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Rithm Capital to post earnings of $0.43 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Rithm Capital (NYSE:RITM) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Rithm Capital had a return on equity of 18.04% and a net margin of 15.55%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm posted $0.62 EPS. Rithm Capital’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, analysts expect Rithm Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Rithm Capital Trading Down 0.9 %

Shares of RITM opened at $10.48 on Monday. Rithm Capital has a 1 year low of $9.06 and a 1 year high of $12.02. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.81. The stock has a 50 day simple moving average of $11.28 and a 200-day simple moving average of $11.18. The stock has a market cap of $5.07 billion, a PE ratio of 6.99 and a beta of 1.80.

Rithm Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 1st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.54%. Rithm Capital’s payout ratio is presently 66.67%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JMP Securities increased their target price on Rithm Capital from $11.00 to $12.50 and gave the stock a “market outperform” rating in a report on Friday, July 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a report on Tuesday, August 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a report on Friday, August 16th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.67.

Rithm Capital Company Profile

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.