Ready Capital (NYSE:RC) reported Q4 earnings of ($0.09) per share, surpassing analyst estimates by $0.02, with revenue of $207.55 million also exceeding expectations. Despite beating estimates, the company’s profitability metrics remain weak, showing a negative return on equity and net margin. Ready Capital also announced a significant cut in its quarterly dividend to $0.01 and its stock is trading near its 1-year low, with analysts maintaining a “Reduce” rating and lowered price targets.
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Ready Capital (NYSE:RC) Issues Earnings Results, Beats Estimates By $0.02 EPS
Ready Capital (NYSE:RC) reported Q4 earnings of ($0.09) per share, surpassing analyst estimates by $0.02, with revenue of $207.55 million also exceeding expectations. Despite beating estimates, the company’s profitability metrics remain weak, showing a negative return on equity and net margin. Ready Capital also announced a significant cut in its quarterly dividend to $0.01 and its stock is trading near its 1-year low, with analysts maintaining a “Reduce” rating and lowered price targets.