Rithm Capital (RITM) to Release Quarterly Earnings on Tuesday

Rithm Capital (NYSE:RITM - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Rithm Capital (NYSE:RITM - Get Free Report) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.42 by $0.05. Rithm Capital had a net margin of 15.55% and a return on equity of 18.04%. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.15 billion. During the same period last year, the company posted $0.62 earnings per share. The business's revenue for the quarter was up 18.4% on a year-over-year basis. 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 stock remained flat at $10.60 during trading hours on Tuesday. 3,047,223 shares of the stock were exchanged, compared to its average volume of 3,456,781. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 7.07 and a beta of 1.80. Rithm Capital has a twelve month low of $8.87 and a twelve month high of $12.02. The firm has a fifty day moving average of $11.33 and a two-hundred day moving average of $11.18.

Rithm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders 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 9.43%. The ex-dividend date is Tuesday, October 1st. Rithm Capital's dividend payout ratio (DPR) is currently 66.67%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JMP Securities lifted their price target on Rithm Capital from $11.00 to $12.50 and gave the company a "market outperform" rating in a report on Friday, July 19th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $13.00 target price on shares of Rithm Capital in a research note on Tuesday, August 13th. Finally, Wedbush reiterated an "outperform" rating and issued a $13.00 target price on shares of Rithm Capital in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Rithm Capital currently has a consensus rating of "Moderate Buy" and an average target price of $12.67.

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.