Rithm Capital (RITM) Projected to Post Quarterly Earnings on Thursday

Rithm Capital (NYSE:RITM - Get Free Report) is anticipated to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Rithm Capital to post earnings of $0.44 per share and revenue of $1.22 billion for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The firm had revenue of $619.51 million during the quarter, compared to analyst estimates of $1.11 billion. Rithm Capital had a net margin of 14.99% and a return on equity of 17.54%. During the same period in the previous year, the firm earned $0.58 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 Trading Up 2.4 %

Rithm Capital stock traded up $0.28 during trading hours on Thursday, hitting $11.62. The company had a trading volume of 2,152,915 shares, compared to its average volume of 3,638,044. The firm has a market cap of $6.04 billion, a P/E ratio of 11.73 and a beta of 1.79. The company has a 50-day moving average price of $11.08 and a two-hundred day moving average price of $11.14. Rithm Capital has a 1 year low of $9.97 and a 1 year high of $12.02. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.35 and a current ratio of 1.35.

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 8.61%. Rithm Capital's dividend payout ratio (DPR) is currently 101.01%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RITM. Keefe, Bruyette & Woods raised their price target on Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. JMP Securities reissued a "market outperform" rating and set a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $13.00 target price on shares of Rithm Capital in a research report on Thursday, November 21st. B. Riley upgraded Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Wedbush reiterated an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $12.94.

Rithm Capital Company Profile

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.