Ready Capital Corporation

NYSE:RC Stock Report

Market Cap: US$1.2b

Ready Capital Past Earnings Performance

Past criteria checks 0/6

Ready Capital has been growing earnings at an average annual rate of 16.6%, while the Mortgage REITs industry saw earnings growing at 9.4% annually. Revenues have been declining at an average rate of 0.4% per year.

Key information

16.6%

Earnings growth rate

-0.8%

EPS growth rate

Mortgage REITs Industry Growth4.5%
Revenue growth rate-0.4%
Return on equity-3.8%
Net Margin-81.2%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Ready Capital: When Is The Final Dividend Cut?

Oct 16

Ready Capital: It Isn't Ready Yet

May 20

Ready Capital: Inability To Stabilize Earnings Against Headwinds Makes It A Hold

Apr 09

Ready Capital: Two Dividend Cuts Later And The Broadmark Acquisition Stings

Dec 23

Ready Capital: A Fat 14.5% CRE Yield After The Merger With Broadmark

Sep 03

Ready Capital: Why Decreased Distributable Earnings Are Not Frightening

Jun 28

Ready Capital Q4 2022 Earnings Preview

Feb 24

Ready Capital: The 12.4% Yield Is Still Exciting

Feb 11

Ready Capital decrease quarterly dividend by -4.8% to $0.40 /share

Dec 15

Ready Capital upsizes share buyback by $25M

Sep 29

Ready Capital: Steady Double-Digit Yields With Minimal Risk

Sep 22

Ready Capital declares $0.42 dividend

Sep 15

Ready Capital expects 'healthy deal flow' for its lending programs into 2023

Jul 12

Ready Capital: 13.65% Dividend Yield With Favorable Risk-Reward Profile

Jul 05

Ready Capital: Headwinds From Rising Interest Rates

Apr 04

Trade Orchid Island Capital For Ready Capital To Realize Future Growth And Income

Jan 16

Ready Capital: Strong And Steady Growth With An Eye For M&A

Nov 18

Ready Capital prices $100M public offering

Jun 03

Ready Capital Corporation 2021 Q1 - Results - Earnings Call Presentation

May 07

Revenue & Expenses Breakdown

How Ready Capital makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:RC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24129-1051520
30 Jun 24226-531520
31 Mar 243072211550
31 Dec 234293331550
30 Sep 232942811240
30 Jun 233012981190
31 Mar 233521141200
31 Dec 224111411250
30 Sep 225722261470
30 Jun 225672091500
31 Mar 225581821460
31 Dec 213381061000
30 Sep 215001241370
30 Jun 214891151330
31 Mar 215081221360
31 Dec 20405431310
30 Sep 20370371220
30 Jun 20297151040
31 Mar 20203-8850
31 Dec 1922972760
30 Sep 1918861710
30 Jun 1918666720
31 Mar 1919471740
31 Dec 1821259800
30 Sep 1828062840
30 Jun 1825657830
31 Mar 1823352810
31 Dec 1720843770
30 Sep 1714057760
30 Jun 1713054680
31 Mar 1711751600
31 Dec 1612851510
30 Sep 169635420
30 Jun 169638410
31 Mar 169440400
31 Dec 1510141380
30 Sep 158147320
30 Jun 159047330
31 Mar 158939300
31 Dec 147532290
30 Sep 147215310
30 Jun 14451200
31 Mar 14291130
31 Dec 1316160

Quality Earnings: RC is currently unprofitable.

Growing Profit Margin: RC is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RC is unprofitable, but has reduced losses over the past 5 years at a rate of 16.6% per year.

Accelerating Growth: Unable to compare RC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RC is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-1%).

Return on Equity

High ROE: RC has a negative Return on Equity (-3.84%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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