Ready Capital Corp Expected to Post Q3 2019 Earnings of $0.46 Per Share (RC)

Ready Capital Corp (NYSE:RC) – B. Riley raised their Q3 2019 earnings per share estimates for shares of Ready Capital in a research note issued to investors on Thursday, March 14th. B. Riley analyst T. Hayes now expects that the real estate investment trust will post earnings of $0.46 per share for the quarter, up from their previous forecast of $0.45. B. Riley also issued estimates for Ready Capital’s Q1 2020 earnings at $0.43 EPS, Q2 2020 earnings at $0.45 EPS, Q3 2020 earnings at $0.47 EPS, Q4 2020 earnings at $0.48 EPS and FY2020 earnings at $1.83 EPS.

Ready Capital (NYSE:RC) last posted its earnings results on Tuesday, March 12th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.09). Ready Capital had a return on equity of 10.24% and a net margin of 28.04%. The firm had revenue of $14.96 million for the quarter, compared to analysts’ expectations of $16.78 million.

RC has been the topic of a number of other reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.50 price target on shares of Ready Capital in a research report on Tuesday, December 11th. Zacks Investment Research cut Ready Capital from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.14.

RC stock opened at $14.83 on Friday. Ready Capital has a fifty-two week low of $13.44 and a fifty-two week high of $17.30. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.59. The company has a market cap of $476.12 million, a price-to-earnings ratio of 8.43 and a beta of 0.80.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.79%. Ready Capital’s dividend payout ratio is currently 90.91%.

Ready Capital Company Profile

Ready Capital Corporation operates as a real estate finance company. The company acquires, originates, manages, services, and finances small balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments.

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Earnings History and Estimates for Ready Capital (NYSE:RC)

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