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. Parties interested in listening to the company’s conference call can do so using this link.

Rithm Capital Stock Performance

NYSE:RITM opened at $11.47 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $5.96 billion, a PE ratio of 11.58 and a beta of 1.79. Rithm Capital has a twelve month low of $9.97 and a twelve month high of $12.02. The stock’s 50-day simple moving average is $11.12 and its 200 day simple moving average is $11.14.

Rithm Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date was Tuesday, December 31st. Rithm Capital’s dividend payout ratio is 101.01%.

Wall Street Analysts Forecast Growth

RITM has been the subject of several research analyst reports. JMP Securities reiterated a “market outperform” rating and set a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price target on Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. B. Riley raised 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 target price on shares of Rithm Capital in a research report on Thursday, November 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $13.00 price target on shares of Rithm Capital in a research report on Thursday, November 21st. One 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. According to MarketBeat, Rithm Capital currently has a consensus rating of “Buy” and a consensus target price 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.