Rithm Capital (RITM) to Release Quarterly Earnings on Tuesday

Rithm Capital (NYSE:RITM) will be posting its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Rithm Capital to post earnings of $0.41 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Rithm Capital (NYSE:RITM) last issued its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.16. Rithm Capital had a return on equity of 18.49% and a net margin of 17.15%. The business had revenue of $709.47 million during the quarter, compared to analysts’ expectations of $887.04 million. During the same quarter in the prior year, the firm earned $0.33 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 Price Performance

Shares of RITM opened at $10.94 on Tuesday. Rithm Capital has a 12-month low of $7.59 and a 12-month high of $11.33. The business has a 50-day simple moving average of $10.82 and a two-hundred day simple moving average of $10.43. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.12. The stock has a market cap of $5.29 billion, a PE ratio of 9.94 and a beta of 1.82.

Rithm Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 1st will be issued a $0.25 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 9.14%. Rithm Capital’s payout ratio is presently 90.91%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on RITM shares. Argus increased their price target on Rithm Capital from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. JMP Securities reissued a “market outperform” rating and issued a $11.00 price target on shares of Rithm Capital in a research note on Thursday, April 18th. Keefe, Bruyette & Woods increased their price target on Rithm Capital from $11.50 to $12.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $12.00 price target on shares of Rithm Capital in a research note on Monday, April 1st. Finally, Jonestrading increased their price target on Rithm Capital from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $12.00.

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.