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Rithm Capital Corp. (RITM)
:RITM
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.44Last Year’s EPS
0.51Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 10.07%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance across most segments, particularly in Genesis and Newrez, with significant growth in assets under management. However, concerns about consumer credit and potential election impacts present challenges moving forward.Company Guidance
During the third quarter of 2024, Rithm Capital demonstrated robust performance across its business lines, reporting a GAAP net income of $97 million or $0.20 per diluted share, and earnings available for distribution of $270 million or $0.54 per diluted share, yielding a return on equity of 18%. With a book value increase to $6.4 billion or $12.31 per common share, Rithm maintained a dividend yield of 8.8% as of September 30, 2024, and closed the quarter with around $2 billion in cash and liquidity. The company managed $80 billion in assets and had $7.8 billion in permanent capital in public markets, alongside an $875 billion servicing portfolio. Newrez, a key player in Rithm's lending business, serviced over $755 billion in UPB and achieved a 24% return on equity, while the asset management side, particularly through Sculptor, showed promising growth with significant fundraising activities, including the launch of its multibillion-dollar SRE Fund V.Record Quarter for Genesis
Genesis reported its best quarter yet, with significant growth in earnings and return on equity. Production numbers have increased from $2 billion to an expected $3.5 billion to $4 billion.
Strong Performance Across All Business Lines
All business lines reported strong performance with an earnings increase of approximately 60% since 2021. The Book value has also risen by 8% since 2021.
Growth in Assets Under Management
Rithm Capital now manages $80 billion in assets with $7.8 billion of permanent capital in public markets.
Continued Strong Performance from Newrez
Newrez maintained its position as the second-largest nonbank servicer and the fifth-largest lender in the U.S., with a 3.4% market share and a 24% return on equity.
Successful Fundraising by Sculptor
Sculptor announced their first closing of a multibillion-dollar SRE Fund V, expected to be oversubscribed despite the challenging environment.
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RITM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RITM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $10.23 | $10.45 | +2.15% |
| Jul 31, 2024 | $11.02 | $11.09 | +0.64% |
| Apr 30, 2024 | $10.47 | $10.38 | -0.86% |
| Feb 07, 2024 | $9.66 | $9.29 | -3.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rithm Capital Corp. (RITM) report earnings?
Rithm Capital Corp. (RITM) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Rithm Capital Corp. (RITM) earnings time?
Rithm Capital Corp. (RITM) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RITM EPS forecast?
RITM EPS forecast for the fiscal quarter 2024 (Q4) is 0.44.
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