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

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

Rithm Capital (NYSE:RITM) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.15 billion. Rithm Capital had a return on equity of 18.04% and a net margin of 15.55%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS. 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 Stock Performance

Shares of Rithm Capital stock opened at $10.48 on Monday. The company has a market capitalization of $5.07 billion, a PE ratio of 6.99 and a beta of 1.80. Rithm Capital has a 12 month low of $9.06 and a 12 month 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’s fifty day simple moving average is $11.28 and its 200 day simple moving average is $11.18.

Rithm Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.54%. The ex-dividend date is Tuesday, October 1st. Rithm Capital’s payout ratio is presently 66.67%.

Analyst Upgrades and Downgrades

RITM has been the topic of several research analyst reports. JMP Securities raised their price objective on Rithm Capital from $11.00 to $12.50 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. Wedbush reissued an “outperform” rating and issued a $13.00 price target on shares of Rithm Capital in a research note on Friday, August 16th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 price target on shares of Rithm Capital in a research note on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Rithm Capital presently has an average rating of “Moderate Buy” and a consensus target price 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.