Ready Capital (NYSE:RC) will be issuing its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.
Ready Capital (NYSE:RC) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). Ready Capital had a net margin of 31.79% and a return on equity of 8.73%. The firm had revenue of $12.98 million for the quarter, compared to the consensus estimate of $15.00 million. On average, analysts expect Ready Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE RC traded down $0.13 on Tuesday, hitting $14.77. 2,793 shares of the stock traded hands, compared to its average volume of 133,431. The stock’s fifty day simple moving average is $15.05. Ready Capital has a 12 month low of $13.44 and a 12 month high of $17.30. The company has a market cap of $668.15 million, a price-to-earnings ratio of 8.42 and a beta of 0.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.63 and a quick ratio of 1.63.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 10.83%. The ex-dividend date was Thursday, June 27th. Ready Capital’s dividend payout ratio (DPR) is 90.91%.
Several equities analysts have weighed in on RC shares. ValuEngine lowered Ready Capital from a “hold” rating to a “sell” rating in a report on Saturday, April 13th. Zacks Investment Research raised Ready Capital from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.90.
In related news, Director Todd M. Sinai purchased 3,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average cost of $14.74 per share, with a total value of $51,590.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.83% of the stock is owned by company insiders.
About Ready Capital
Ready Capital Corporation operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small balance commercial (SBC) loans, small business administration (SBA) loans, and residential mortgage loans, as well as mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments.
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