Ready Capital (RC) Projected to Post Quarterly Earnings on Thursday

Ready Capital (NYSE:RC) is expected to post its Q1 2025 quarterly earnings results after the market closes on Thursday, May 8th. Analysts expect Ready Capital to post earnings of $0.13 per share and revenue of $212.33 million for the quarter.

Ready Capital Stock Down 1.7 %

Shares of NYSE RC opened at $4.37 on Wednesday. The business has a 50-day moving average of $4.80 and a 200-day moving average of $6.23. The firm has a market capitalization of $752.03 million, a price-to-earnings ratio of -6.24 and a beta of 1.45. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.54. Ready Capital has a 12 month low of $4.16 and a 12 month high of $9.54.

Ready Capital Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 11.45%. The ex-dividend date was Monday, March 31st. Ready Capital’s dividend payout ratio (DPR) is currently -18.94%.

Analysts Set New Price Targets

RC has been the subject of a number of research reports. Wedbush reaffirmed a “neutral” rating and issued a $6.00 price objective (down previously from $8.00) on shares of Ready Capital in a research note on Tuesday, March 4th. B. Riley restated a “neutral” rating and set a $10.00 price target (down from $12.00) on shares of Ready Capital in a research report on Tuesday, January 7th. UBS Group decreased their target price on shares of Ready Capital from $5.00 to $4.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Citizens Jmp downgraded shares of Ready Capital from an “outperform” rating to a “market perform” rating in a research note on Monday, March 3rd. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Ready Capital from $6.25 to $4.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.04.

Insider Transactions at Ready Capital

In other Ready Capital news, insider Adam Zausmer acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $5.42 per share, with a total value of $54,200.00. Following the completion of the acquisition, the insider now owns 301,105 shares in the company, valued at $1,631,989.10. This represents a 3.44 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.09% of the company’s stock.

Ready Capital Company Profile

Ready Capital Corporation operates as a real estate finance company in the United States. It operates through two segments: LMM Commercial Real Estate and Small Business Lending. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments.