Shares of Rithm Capital Corp. (RITM) have declined 3.2% since it reported better-than-expected secondquarter 2024 results on Jul 31, 2024, before the opening bell. The quarterly results were supported by an improving performance in its Mortgage Loans Receivable business and solid Asset Management unit. Growth in interest income was a major tailwind in the second quarter. However, rising expenses partially offset the positives. Investors seem to be concerned about its declining servicing revenues, which is l ...

filo Rithm Capital Corporation (NYSE:RITM) continued to earn its $0.25 per share per quarter dividend easily with distributable earnings in the second quarter. Rithm Capital also grew its book value and disclosed solid financial results, driven by gains in the Mortgage Servicing Rights portfolio. I anticipate Rithm Capital to do more acquisitions moving forward, particularly in the asset management business, in order to diversify its mortgage-heavy investment portfolio and create new income streams. From a ...

Rithm Capital Corp. (NYSE:RITM) Q2 2024 Earnings Conference Call July 31, 2024 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chairman, CEO and President Baron Silverstein - President, Newrez Conference Call Participants Eric Hagen - BTIG Bose George - KBW Stephen Laws - Raymond James Crispin Love - Piper Sandler Trevor Cranston - JMP Securities Operator Good morning and welcome to the Rithm Capital Second Quarter 2024 Earnings Call. All participants will be in l ...

Group 1: Company Overview - Rithm (RITM) reported quarterly earnings of $0.47 per share, exceeding the Zacks Consensus Estimate of $0.42 per share, but down from $0.62 per share a year ago, representing an earnings surprise of 11.90% [7] - The company posted revenues of $1.23 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 8.78%, compared to year-ago revenues of $1.04 billion [8] - Rithm has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times over the same period [8] Group 2: Earnings Estimates and Trends - The current consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $1.19 billion, and for the current fiscal year, it is $1.76 on revenues of $4.82 billion [3] - The estimate revisions trend for Rithm is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [2] Group 3: Industry Context - Rithm belongs to the Zacks Financial - Miscellaneous Services industry, which is currently in the bottom 40% of over 250 Zacks industries, suggesting potential challenges in outperforming the market [4] - The performance of Rithm's stock may be influenced by the overall outlook of the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [4] Group 4: Competitor Insights - HIVE Digital Technologies, another company in the same industry, is expected to report a quarterly loss of $0.08 per share, reflecting a year-over-year change of +55.6%, with revenues projected at $31.85 million, up 35.1% from the previous year [5][6]

Q2 2024 Quarterly Supplement Rithm Capital Quarterly Supplement Q2 2024 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." FORWARD-LOOKING STATEMENTS. Certain statements regarding Rithm Capital Corp. (together with its subsidiaries, "Rithm," "Rithm Capital," the "Company" or "we") in this Presentation may constitute ...

rithm (1) • GAAP net income of $213.2 million, or $0.43 per diluted common share • Earnings available for distribution of $231.1 million, or $0.47 per diluted common share • Common dividend of $122.4 million, or $0.25 per common share • Book value per common share of $12.39 (1)(2) (1) Exhibit 99.1 NEW YORK - (BUSINESS WIRE) — Rithm Capital Corp. (NYSE: RITM; "Rithm Capital," "Rithm" or the "Company") today reported the following information for the second quarter ended June 30, 2024: | --- | --- | --- | --- ...

Wall Street analysts expect Rithm (RITM) to post quarterly earnings of $0.42 per share in its upcoming report, which indicates a year-over-year decline of 32.3%. Revenues are expected to be $1.13 billion, up 8.9% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Before a company announces its earnings, it is essential ...

Rithm (RITM) closed the most recent trading day at $11.45, moving +0.7% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 1.11%. Elsewhere, the Dow saw an upswing of 1.64%, while the tech-heavy Nasdaq appreciated by 1.03%. Analysts and investors alike will be keeping a close eye on the performance of Rithm in its upcoming earnings disclosure. The company's earnings report is set to go public on July 31, 2024. The company is predicted to post an EPS of $0.42, ind ...

Company Overview - Rithm (RITM) closed the most recent trading day at $11.60, moving +0.87% from the previous trading session, outperforming the S&P 500 which registered a loss of 1.39% for the day [5] - Over the past month, shares of Rithm gained 3.32%, while the Finance sector lost 0.08% and the S&P 500 gained 4.43% [5] Financial Performance - Analysts expect Rithm to post earnings of $0.42 per share in the upcoming release, marking a year-over-year decline of 32.26% [6] - The latest consensus estimate for revenue is $1.13 billion, which represents an increase of 8.86% from the prior-year quarter [6] - For the annual period, Zacks Consensus Estimates anticipate earnings of $1.76 per share and revenue of $4.82 billion, indicating shifts of -14.56% and +33.16%, respectively, from the last year [7] Valuation Metrics - Rithm holds a Forward P/E ratio of 6.52, which signifies a discount compared to the average Forward P/E of 12.32 for its industry [3] Industry Context - The Financial - Miscellaneous Services industry, part of the Finance sector, currently has a Zacks Industry Rank of 102, placing it in the top 41% of all 250+ industries [3] - The Zacks Industry Rank measures the strength of industry groups by evaluating the average Zacks Rank of individual stocks within those groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Rithm Capital Corp. (RITM) shares have gained 15% in the past year. The stock has outperformed the industry's 10.4% increase. Based in New York, Rithm Capital is an asset manager specializing in the real estate and financial services sectors. It has a market cap of $5.2 billion. Its asset management business expansion and continuous acquisition of customer loans are aiding the company. Its diversified platform and focus on growing profitability of its Newrez business is buoying its performance. Muted prepay ...