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

Rithm Capital (NYSE:RITM) will be issuing its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.35 by $0.16. Rithm Capital had a net margin of 17.15% and a return on equity of 18.49%. The company had revenue of $709.47 million for the quarter, compared to analyst estimates of $887.04 million. During the same quarter in the prior year, the business posted $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 Stock Performance

Shares of RITM opened at $11.21 on Friday. The company’s fifty day moving average is $10.89 and its 200-day moving average is $10.48. Rithm Capital has a 12 month low of $7.59 and a 12 month high of $11.33. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 10.19 and a beta of 1.82. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.12.

Rithm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 1st were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.00 annualized dividend and a dividend yield of 8.92%. Rithm Capital’s dividend payout ratio (DPR) is 90.91%.

Wall Street Analyst Weigh In

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

About Rithm Capital

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.