Ready Capital (RC) Expected to Announce Quarterly Earnings on Monday

Ready Capital (NYSE:RC) is projected to release its earnings data before the market opens on Monday, March 3rd. Analysts expect Ready Capital to post earnings of $0.21 per share and revenue of $228.64 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Ready Capital Stock Up 2.1 %

Shares of RC opened at $6.95 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.54. The firm has a market cap of $1.17 billion, a P/E ratio of -9.92 and a beta of 1.43. The company’s 50-day moving average price is $6.83 and its 200 day moving average price is $7.30. Ready Capital has a 12-month low of $6.39 and a 12-month high of $9.53.

Ready Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.40%. Ready Capital’s payout ratio is presently -142.86%.

Wall Street Analyst Weigh In

RC has been the topic of several recent research reports. B. Riley reaffirmed a “neutral” rating and set a $10.00 target price (down from $12.00) on shares of Ready Capital in a research note on Tuesday, January 7th. UBS Group cut their price objective on Ready Capital from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Keefe, Bruyette & Woods decreased their target price on Ready Capital from $6.75 to $6.25 and set an “underperform” rating for the company in a report on Tuesday, January 14th. Finally, JMP Securities lowered their target price on Ready Capital from $10.50 to $9.50 and set a “market outperform” rating for the company in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Ready Capital currently has an average rating of “Hold” and a consensus price target of $8.61.

Ready Capital Company Profile

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.