Ready Capital (RC) to Release Quarterly Earnings on Thursday

Ready Capital (NYSE:RC - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $212.33 million for the quarter.

Ready Capital Trading Down 0.9 %

RC stock traded down $0.04 during midday trading on Monday, hitting $4.45. 1,715,989 shares of the company's stock were exchanged, compared to its average volume of 2,036,876. Ready Capital has a 1-year low of $4.16 and a 1-year high of $9.54. The business has a 50-day simple moving average of $4.85 and a two-hundred day simple moving average of $6.25. The stock has a market capitalization of $766.67 million, a PE ratio of -6.36 and a beta of 1.45. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.54.

Ready Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 11.24%. The ex-dividend date of this dividend was Monday, March 31st. Ready Capital's payout ratio is -18.94%.

Insider Activity at Ready Capital

In other Ready Capital news, CEO Thomas E. Capasse purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $4.80 per share, with a total value of $48,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 319,925 shares of the company's stock, valued at $1,535,640. This trade represents a 3.23 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on RC. Keefe, Bruyette & Woods lowered their target price on shares of Ready Capital from $6.25 to $4.00 and set an "underperform" rating for the company in a research note on Wednesday, March 5th. UBS Group cut their target price on Ready Capital from $5.00 to $4.75 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Wedbush restated a "neutral" rating and set a $6.00 price target (down from $8.00) on shares of Ready Capital in a research report on Tuesday, March 4th. Citizens Jmp downgraded Ready Capital from an "outperform" rating to a "market perform" rating in a report on Monday, March 3rd. Finally, B. Riley restated a "neutral" rating and set a $10.00 target price (down from $12.00) on shares of Ready Capital in a report on Tuesday, January 7th. One research 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.04.

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.