Rithm Capital Corporation [NYSE: RITM] slipped around -0.23 points on Wednesday, while shares priced at $10.70 at the close of the session, down -2.10%. The company report on January 30, 2024 at 6:00 AM that Rithm Capital Corp. Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call.
Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that it will release its fourth quarter and full year 2023 financial results for the period ended December 31, 2023 on Wednesday, February 7, 2024 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Wednesday, February 7, 2024 at 8:00 A.M. Eastern Time.
A copy of the earnings release will be posted to the Investors – News section of the Company’s website, www.rithmcap.com and all interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-833-974-2382 (from within the U.S.) or 1-412-317-5787 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference “Rithm Capital Fourth Quarter and Full Year 2023 Earnings Call.” In addition, participants are encouraged to pre-register for the conference call at https://dpregister.com/sreg/10186157/fb82d49eed.
Compared to the average trading volume of 3.32M shares, RITM reached a trading volume of 5263931 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Rithm Capital Corporation [RITM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RITM shares is $11.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RITM stock is a recommendation set at 1.27. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Rithm Capital Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 06, 2023.
The Average True Range (ATR) for Rithm Capital Corporation is set at 0.17, with the Price to Sales ratio for RITM stock in the period of the last 12 months amounting to 1.93. The Price to Book ratio for the last quarter was 0.87, with the Price to Cash per share for the same quarter was set at 3.28. Price to Free Cash Flow for RITM in the course of the last twelve months was 2.86.
How has RITM stock performed recently?
Rithm Capital Corporation [RITM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.46. With this latest performance, RITM shares gained by 0.19% in over the last four-week period, additionally plugging by 6.36% over the last 6 months – not to mention a rise of 15.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RITM stock in for the last two-week period is set at 48.07, with the RSI for the last a single of trading hit 41.89, and the three-weeks RSI is set at 51.37 for Rithm Capital Corporation [RITM]. The present Moving Average for the last 50 days of trading for this stock 10.63, while it was recorded at 10.93 for the last single week of trading, and 9.60 for the last 200 days.
Earnings analysis for Rithm Capital Corporation [RITM]
With the latest financial reports released by the company, Rithm Capital Corporation posted 0.33/share EPS, while the average EPS was predicted by analysts to be reported at 0.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RITM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Rithm Capital Corporation go to 14.14%.
Insider trade positions for Rithm Capital Corporation [RITM]
The top three institutional holders of RITM stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in RITM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in RITM stock with ownership which is approximately 5.8325%.
