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

Rithm Capital (NYSE:RITM) is expected to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce 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 Trading Down 1.4 %

NYSE RITM opened at $11.35 on Tuesday. The firm has a market capitalization of $5.90 billion, a PE ratio of 11.46 and a beta of 1.79. The stock’s 50 day moving average is $11.11 and its 200 day moving average is $11.14. Rithm Capital has a twelve month low of $9.97 and a twelve month high of $12.02. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.63.

Rithm Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.81%. The ex-dividend date was Tuesday, December 31st. Rithm Capital’s dividend payout ratio is presently 101.01%.

Wall Street Analyst Weigh In

RITM has been the topic of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $13.00 price objective on shares of Rithm Capital in a research note on Thursday, November 21st. B. Riley upgraded Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Wedbush reiterated an “outperform” rating and set a $14.00 price objective on shares of Rithm Capital in a research note on Thursday, November 7th. JMP Securities restated a “market outperform” rating and set a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Rithm Capital has an average rating of “Buy” and a consensus price target of $12.94.

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.