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

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

Rithm Capital (NYSE:RITM) last released its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $887.04 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. 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

NYSE RITM opened at $11.21 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.30 and a quick ratio of 0.30. Rithm Capital has a 1 year low of $7.59 and a 1 year high of $11.33. The company has a market capitalization of $5.42 billion, a PE ratio of 10.19 and a beta of 1.82. The company has a fifty day moving average of $10.89 and a two-hundred day moving average of $10.48.

Rithm Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.00 annualized dividend and a yield of 8.92%. Rithm Capital’s dividend payout ratio is presently 90.91%.

Wall Street Analyst Weigh In

Several research firms have issued reports on RITM. JMP Securities restated a “market outperform” rating and issued a $11.00 price objective on shares of Rithm Capital in a research note on Thursday, April 18th. Wedbush reiterated an “outperform” rating and set a $13.00 target price on shares of Rithm Capital in a research note on Monday, February 26th. Keefe, Bruyette & Woods increased their target price 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. B. Riley increased their target price on shares of Rithm Capital from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Jonestrading increased their target price on shares of Rithm Capital from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Rithm Capital has a consensus rating of “Buy” and a consensus price target 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.