Analysts expect that Ready Capital Corp (NYSE:RC) will announce $0.41 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ready Capital’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.42. Ready Capital reported earnings per share of $0.37 in the same quarter last year, which suggests a positive year-over-year growth rate of 10.8%. The company is scheduled to report its next earnings report on Wednesday, March 13th.

On average, analysts expect that Ready Capital will report full year earnings of $1.76 per share for the current financial year, with EPS estimates ranging from $1.72 to $1.80. For the next financial year, analysts anticipate that the company will post earnings of $1.77 per share, with EPS estimates ranging from $1.72 to $1.81. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Ready Capital.

Ready Capital (NYSE:RC) last released its quarterly earnings data on Wednesday, November 7th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08. The business had revenue of $34.34 million during the quarter, compared to analyst estimates of $18.25 million. Ready Capital had a net margin of 31.38% and a return on equity of 10.41%.

A number of research firms recently issued reports on RC. LADENBURG THALM/SH SH raised shares of Ready Capital from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Friday. Compass Point raised shares of Ready Capital from a “neutral” rating to a “buy” rating in a report on Friday. Zacks Investment Research downgraded shares of Ready Capital from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 11th. Sandler O’Neill reissued a “hold” rating and issued a $17.00 price objective on shares of Ready Capital in a report on Thursday, August 9th. Finally, JMP Securities raised their price objective on shares of Ready Capital from $17.00 to $18.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Ready Capital has a consensus rating of “Hold” and an average price target of $17.50.

Shares of RC stock traded up $0.35 during trading hours on Friday, reaching $14.91. The company had a trading volume of 162,608 shares, compared to its average volume of 40,523. Ready Capital has a one year low of $13.55 and a one year high of $17.30. The firm has a market capitalization of $478.86 million, a PE ratio of 10.50 and a beta of 0.65. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.60.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, September 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 10.73%. The ex-dividend date of this dividend was Thursday, September 27th. Ready Capital’s dividend payout ratio is presently 112.68%.

Ready Capital Company Profile

Ready Capital Corporation operates as a real estate finance company. The company acquires, originates, manages, services, and finances small balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments.

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