Rithm Capital Corp. (RITM) is currently priced at $9.97, showing a decrease of -1.48% from the previous close. Trading volume is notable, reaching $2.88 million, 25.28% above the average. The asset's daily performance is influenced by market dynamics and trading patterns.
RITM's latest quarterly earnings were below expectations, with an EPS of 9 cents compared to the consensus estimate of 50.3 cents. The company reported revenue of $1.28 billion on Monday, April 27th, indicating a potential need for operational adjustments.
With a forward dividend yield of 10.03%, RITM offers a dividend per share of 25 cents on a trailing twelve-month basis. The company's prudent dividend policy reflects its financial stability and commitment to shareholders.
The company's free cash flow stands at $1.18 billion, showing a healthy financial position. Noteworthy is the debt repayment of $1.53 billion, indicating a focus on debt management and cash flow optimization.
RITM generated revenue of $1.66 billion, with a gross profit of $1.51 billion. Operating income amounted to $646.33 million, highlighting the company's operational efficiency despite challenges in profitability.
Key financial ratios reveal RITM's performance metrics, including a net profit margin of 5.11% and a return on equity of 1.01%. The price-to-earnings ratio of 18.11 suggests the asset's valuation relative to its earnings performance.
The balance sheet depicts RITM's financial health, with total assets amounting to $53 billion and total liabilities at $43.81 billion. The company's net debt stands at $37.78 billion, indicating a significant leverage position.
This comprehensive analysis provides insights into Rithm Capital Corp.'s financial standing, reflecting market sentiment and underlying operational performance.
Rithm Capital Corp. provides capital and services to the real estate and financial services sectors in the United States. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and consumer loans. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is headquartered in New York, New York.