Ready Capital (RC) Projected to Post Quarterly Earnings on Monday

Ready Capital (NYSE:RC - Get Free Report) is projected to announce its earnings results before the market opens on Monday, March 3rd. Analysts expect the company to announce earnings of $0.21 per share and revenue of $228.64 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Ready Capital Trading Down 2.4 %

RC traded down $0.17 during midday trading on Friday, hitting $6.73. The company's stock had a trading volume of 4,320,521 shares, compared to its average volume of 1,963,077. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.54. The firm has a market cap of $1.13 billion, a P/E ratio of -9.61 and a beta of 1.43. The firm has a 50-day moving average price of $6.87 and a two-hundred day moving average price of $7.35. Ready Capital has a 52-week low of $6.39 and a 52-week high of $9.53.

Ready Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 14.87%. The ex-dividend date was Tuesday, December 31st. Ready Capital's dividend payout ratio (DPR) is -142.86%.

Wall Street Analysts Forecast Growth

Several analysts have commented on RC shares. Keefe, Bruyette & Woods lowered their price target on Ready Capital from $6.75 to $6.25 and set an "underperform" rating for the company in a report on Tuesday, January 14th. B. Riley restated a "neutral" rating and issued a $10.00 price target (down previously from $12.00) on shares of Ready Capital in a report on Tuesday, January 7th. UBS Group lowered their price target on Ready Capital from $8.50 to $7.50 and set a "neutral" rating for the company in a report on Friday, November 15th. Finally, JMP Securities decreased their target price on Ready Capital from $10.50 to $9.50 and set a "market outperform" rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Ready Capital presently has a consensus rating of "Hold" and an average target price of $8.61.

About Ready Capital

Ready Capital Corporation operates as a real estate finance company in the United States. It operates through two segments: LMM Commercial Real Estate and Small Business Lending. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments.