Rithm Capital (RITM) to Release Quarterly Earnings on Friday

Rithm Capital (NYSE:RITM - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Friday, April 25th. Analysts expect Rithm Capital to post earnings of $0.46 per share and revenue of $1.27 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Rithm Capital (NYSE:RITM - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. 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

Shares of NYSE RITM opened at $10.13 on Friday. The company has a 50-day simple moving average of $11.38 and a 200-day simple moving average of $11.11. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. The company has a market cap of $5.37 billion, a PE ratio of 6.06 and a beta of 1.36. Rithm Capital has a 12 month low of $9.13 and a 12 month high of $12.20.

Rithm Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 9.87%. Rithm Capital's payout ratio is currently 59.88%.

Wall Street Analyst Weigh In

RITM has been the topic of several analyst reports. B. Riley upgraded Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. JMP Securities reissued a "market outperform" rating and issued a $12.50 price target on shares of Rithm Capital in a research note on Thursday, January 23rd. Piper Sandler upped their price objective on shares of Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a research note on Friday, February 7th. UBS Group cut their price objective on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Wedbush restated an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a report on Friday, March 28th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $13.21.

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.

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