Rithm Capital Up 3.3% Since Q3 Earnings Beat on Interest Income Growth [Yahoo! Finance]
Rithm Capital Corp. (RITM)
Company Research
Source: Yahoo! Finance
an improving performance in its Mortgage Loans Receivable business and solid Asset Management unit. Higher interest income was a key contributor to third-quarter growth, though rising expenses and declining servicing revenues partially offset these gains. Still, Rithm's expanding Newrez business and strategic initiatives are expected to boost the market share of its origination platform, presenting significant growth opportunities for investors. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Now, let's take a look at how RITM performed in the third quarter. RITM reported third-quarter 2024 adjusted earnings of 54 cents per share, which outpaced the Zacks Consensus Estimate of 43 cents. However, the bottom line fell 6.9% year over year. Revenues amounted to almost $619.5 million, which plunged 45.4% year over year in the quarter under review. The top line also missed the consensus mark by 44.4%. Rithm Capital Corp. price-consensus-eps-surprise-char
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RITM
News
- Rithm Capital Corp. (NYSE: RITM) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $13.00 price target on the stock.MarketBeat
- Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing Rights [Yahoo! Finance]Yahoo! Finance
- Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing RightsBusiness Wire
- Rithm Capital's (NYSE:RITM) five-year earnings growth trails the 2.3% YoY shareholder returns [Yahoo! Finance]Yahoo! Finance
- Rithm Capital Corp. (NYSE: RITM) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $14.00 price target on the stock.MarketBeat
RITM
Earnings
- 10/29/24 - Beat
RITM
Sec Filings
- 11/12/24 - Form 3
- 11/12/24 - Form 3
- 11/5/24 - Form 4
- RITM's page on the SEC website