Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Redwood Trust (RWT)
NYSE:RWT
Holding RWT?
Track your performance easily
Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.15Last Year’s EPS
0.15Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -13.58%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced outlook. While mortgage banking performance and dividend increases were notable achievements, challenges such as decreasing lock volumes, rising interest rates, and increased delinquencies presented hurdles. The company seems well-prepared to navigate these challenges, with a focus on strategic growth and capital efficiency.Company Guidance
During the Redwood Trust Third Quarter 2024 Earnings Conference Call, the company provided guidance on several key metrics and financial performance indicators. The company announced an increase in their common dividend for the first time since 2021, up over 6% to $0.17 per share, indicating growth in their operating activities. Their combined mortgage banking returns were the highest in over three years. For the third quarter, Redwood Trust locked $2.2 billion of loans, with their residential investor business funding $458 million of investor loans and maintaining a robust pipeline. The company achieved a GAAP earnings of $13 million or $0.09 per share and earnings available for distribution (EAD) of $25 million or $0.18 per share, which reflects an 8.7% return on equity. Book value per share increased slightly to $8.74 from $8.73. Their residential consumer mortgage banking segment reached a return on capital of 30%, up from 16% in the previous quarter, and the residential investor segment's EAD return on capital was 58%, compared to 13% last quarter. The company also reported a 50-basis point reduction in the weighted average accrual rate of the bridge loan portfolio. Total recourse leverage increased to 2.5x in Q3 from 2.1x in Q2, attributed to an increase in residential loan inventory. Redwood Trust remains well-positioned with $7.7 billion in total financing capacity, including $4.8 billion undrawn, supporting platform growth.Dividend Increase
For the first time since 2021, the common dividend was increased by over 6% to $0.17 per share, reflecting continued growth in operating activities.
Strong Mortgage Banking Performance
GAAP contribution from mortgage banking businesses tripled versus the second quarter, driven by strong margins and expanded distribution channels.
Record Securitization Activity
Securitized approximately $1.5 billion of jumbo collateral in October, matching the total distribution for the entire third quarter.
Earnings Available for Distribution Growth
Earnings available for distribution reached $25 million or $0.18 per share for the third quarter, up from $19 million or $0.13 per share in the prior quarter.
---
RWT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
RWT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $7.44 | $7.12 | -4.30% |
| Aug 01, 2024 | $6.92 | $6.73 | -2.75% |
| Apr 30, 2024 | $5.14 | $5.74 | +11.67% |
| Feb 20, 2024 | $5.89 | $5.56 | -5.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Redwood Trust (RWT) report earnings?
Redwood Trust (RWT) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Redwood Trust (RWT) earnings time?
Redwood Trust (RWT) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RWT EPS forecast?
RWT EPS forecast for the fiscal quarter 2024 (Q4) is 0.15.
---