Rithm Capital (RITM) Projected to Post Earnings on Thursday

Rithm Capital (NYSE:RITM) is projected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Rithm Capital to post earnings of $0.44 per share and revenue of $1.22 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 Price Performance

Shares of RITM opened at $11.47 on Wednesday. The business’s fifty day moving average is $11.12 and its 200 day moving average is $11.14. Rithm Capital has a 12-month low of $9.97 and a 12-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. The stock has a market cap of $5.96 billion, a P/E ratio of 11.58 and a beta of 1.79.

Rithm Capital Dividend Announcement

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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.72%. The ex-dividend date was Tuesday, December 31st. Rithm Capital’s payout ratio is presently 101.01%.

Analyst Upgrades and Downgrades

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