Rithm Capital (RITM) Set to Announce Earnings on Tuesday

Rithm Capital (NYSE:RITM - Get Free Report) will post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Rithm Capital to post earnings of $0.41 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Rithm Capital (NYSE:RITM - Get Free Report) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.16. Rithm Capital had a net margin of 17.15% and a return on equity of 18.49%. The firm had revenue of $709.47 million during the quarter, compared to the consensus estimate of $887.04 million. During the same period in the prior year, the firm earned $0.33 EPS. 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 Rithm Capital stock traded up $0.15 on Tuesday, reaching $11.09. 2,565,112 shares of the company traded hands, compared to its average volume of 3,441,257. Rithm Capital has a 52 week low of $7.59 and a 52 week high of $11.33. The company has a 50 day moving average of $10.83 and a 200 day moving average of $10.44. The firm has a market capitalization of $5.37 billion, a PE ratio of 10.07 and a beta of 1.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.30 and a quick ratio of 0.30.

Rithm Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 1st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.02%. The ex-dividend date of this dividend is Thursday, March 28th. Rithm Capital's dividend payout ratio is currently 90.91%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. JMP Securities restated a "market outperform" rating and set a $11.00 price target on shares of Rithm Capital in a research note on Thursday, April 18th. Wedbush reiterated an "outperform" rating and issued a $13.00 target price on shares of Rithm Capital in a research note on Monday, February 26th. Argus increased their price target on shares of Rithm Capital from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. B. Riley increased their target price on shares of Rithm Capital from $12.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Finally, Jonestrading increased their target price on shares of Rithm Capital from $11.00 to $12.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Rithm Capital currently has an average rating of "Buy" and a consensus target price of $12.00.

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.