Q4 Earnings Forecast for Rithm Capital Issued By B. Riley

Rithm Capital Corp. (NYSE:RITM) – Research analysts at B. Riley lowered their Q4 2024 earnings per share (EPS) estimates for Rithm Capital in a research report issued to clients and investors on Monday, December 16th. B. Riley analyst M. Howlett now anticipates that the real estate investment trust will earn $0.46 per share for the quarter, down from their prior forecast of $0.47. The consensus estimate for Rithm Capital’s current full-year earnings is $1.93 per share. B. Riley also issued estimates for Rithm Capital’s Q1 2025 earnings at $0.46 EPS.

RITM has been the topic of several other reports. Keefe, Bruyette & Woods boosted their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $13.00 price objective on shares of Rithm Capital in a report on Thursday, November 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $14.00 target price on shares of Rithm Capital in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.94.

Rithm Capital Price Performance

Rithm Capital stock opened at $11.06 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63. The company has a 50-day moving average price of $10.84 and a 200 day moving average price of $11.13. Rithm Capital has a 12-month low of $9.97 and a 12-month high of $12.02. The stock has a market cap of $5.75 billion, a P/E ratio of 11.19 and a beta of 1.80.

Rithm Capital (NYSE:RITM) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The business had revenue of $619.51 million during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business earned $0.58 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in shares of Rithm Capital by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,250,401 shares of the real estate investment trust’s stock valued at $13,467,000 after purchasing an additional 9,859 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Rithm Capital during the third quarter worth approximately $43,000. Sanctuary Advisors LLC lifted its stake in Rithm Capital by 19.3% in the third quarter. Sanctuary Advisors LLC now owns 18,433 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 2,988 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Rithm Capital in the third quarter valued at approximately $1,476,000. Finally, Geode Capital Management LLC grew its position in shares of Rithm Capital by 7.8% during the third quarter. Geode Capital Management LLC now owns 8,415,057 shares of the real estate investment trust’s stock worth $95,537,000 after acquiring an additional 610,698 shares during the last quarter. 44.92% of the stock is owned by hedge funds and other institutional investors.

Rithm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date of this dividend is Tuesday, December 31st. Rithm Capital’s dividend payout ratio (DPR) is 101.01%.

Rithm Capital Company Profile

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.