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Rithm Capital (RITM)
NYSE:RITM
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.47Last Year’s EPS
0.48Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 4.26%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a very strong performance across multiple business lines, with significant growth and strategic initiatives in place for future expansion. However, there are ongoing challenges such as undervaluation and uncertainties in market conditions.Company Guidance
During Rithm Capital's fourth quarter and full year 2024 earnings call, the company highlighted significant metrics demonstrating its growth and performance. The company's balance sheet reached $45 billion, with Sculptor contributing an additional $35 billion in assets under management (AUM), culminating in a combined AUM of approximately $80 billion. Rithm Capital reported a year-over-year earnings growth of 27%, with earnings available for distribution amounting to $2.10 per diluted share and a 17% return on equity. The GAAP net income for the full fiscal year was $835 million, or $1.67 per diluted share, representing a 14% return on equity. The company maintained a dividend yield of 9.2%, paying $0.25 per common share, with a book value of $12.56 per share. Additionally, Genesis Capital achieved $3.6 billion in origination and $100 million in EBITDA, while NewRez reported a pretax income of approximately $280 million for Q4, reflecting a 12% increase quarter over quarter and a total funded volume of $59 billion for 2024.Record Earnings Growth
Achieved 76% earnings growth since Q1 2021 and year-over-year growth in earnings by 27%.
Strong Performance in NewRez
NewRez delivered a strong quarter with a 20% ROE and $1 billion in pretax income for 2024, up 26% year-over-year.
Sculptor Acquisition Success
One year post-acquisition, Sculptor shows great returns with the Multistrat Fund achieving 18% gross return and the Tactical Credit Fund achieving 25% gross return.
Growth in Genesis Capital
Genesis Capital increased its origination from $2 billion to $3.6 billion and EBITDA from $40 million to $100 million since acquisition.
Continued Expansion Plans
Announcement of a forthcoming global energy infrastructure platform and focus on growing third-party asset management business.
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RITM 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
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RITM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $11.49 | $11.91 | +3.66% |
| Oct 29, 2024 | $10.23 | $10.45 | +2.15% |
| Jul 31, 2024 | $11.02 | $11.09 | +0.64% |
| Apr 30, 2024 | $10.47 | $10.38 | -0.86% |
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.
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FAQ
When does Rithm Capital (RITM) report earnings?
Rithm Capital (RITM) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Rithm Capital (RITM) earnings time?
Rithm Capital (RITM) earnings time is at May 06, 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 RITM EPS forecast?
RITM EPS forecast for the fiscal quarter 2025 (Q1) is 0.47.
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