For its first fiscal quarter (ending March 31), Rithm Capital Corp (NYSE: RITM) has reported a 286% increase in E.P.S. from $0.14 a year ago to $0.54 in the current quarter. This result exceeded the consensus estimate of $0.43 by $0.12. E.P.S. were $1.50 for the latest four quarters through March 31 versus $0.56 for the same period a year ago — an increase of 168%.
Recent Price Action
On 4/30/24, Rithm Capital Corp (NYSE: RITM) stock declined slightly by -0.9%, closing at $11.12. Moreover, exceptionally high trading volume at 249% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 1.6% during the last week.
Current PriceTarget Research Rating
RITM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Rithm Capital has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Rithm Capital has a good Appreciation Score of 71 and a good Power Rating of 73, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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