Rithm Capital Corp (NYSE: RITM) has reported E.P.S. of $0.20 for its third fiscal quarter (ending September 30) versus $0.40 for the same period a year ago — a decline of -50%. For the latest four quarters through September 30, E.P.S. were $1.00 compared to $1.46 a year ago — a decline of -32%.
Recent Price Action
Rithm Capital Corp (NYSE: RITM) stock closed at $10.70 on 10/29/24 after a large increase of 2.2%. Moreover, trading volume in this advance was unusually high at 184% of normal. The stock has risen 0.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, RITM is expected to continue to be a major Value Builder.
Rithm Capital has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Rithm Capital has a neutral Power Rating of 59 but a good Appreciation Score of 78, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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