Rithm Capital (RITM) Expected to Announce Quarterly Earnings on Thursday

Rithm Capital (NYSE:RITM - Get Free Report) is expected to post its Q4 2024 quarterly earnings results 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 participating in 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 Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.16. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. 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

Rithm Capital stock traded down $0.08 during trading hours on Friday, hitting $11.84. 3,453,538 shares of the stock traded hands, compared to its average volume of 3,846,817. Rithm Capital has a 1 year low of $10.06 and a 1 year high of $12.02. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 11.95 and a beta of 1.79. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 1.35. The firm's 50 day moving average price is $11.14 and its 200-day moving average price is $11.14.

Rithm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 8.45%. Rithm Capital's dividend payout ratio is currently 101.01%.

Analyst Upgrades and Downgrades

Several analysts have commented on RITM shares. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their target price on shares of Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Piper Sandler increased their price target on Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research report on Friday. JMP Securities reissued a "market outperform" rating and issued a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $13.00 target price on shares of Rithm Capital in a report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently 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.