Ready Capital Corp
General ticker "RC" information:
- Sector: Financials
- Industry: Mortgage Real Estate Investment Trusts (REITs)
- Capitalization: $1.2B
Ready Capital Corp does not follow the US Stock Market performance with the rate: -23.6%.
Estimated limits based on current volatility of 2.1%: low 7.12$, high 7.43$
Factors to consider:
- Company pays dividends: last record date 2024-09-30, amount 0.25$ (Y13.77%)
- Current price 12.9% below estimated low
- Earnings for 18 months up through Q2 (+1 year) are below our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2022-12-31 to 2024-12-30
- 2022-12-31 to 2023-12-31 estimated range: [9.20$, 13.47$]
- 2023-12-31 to 2024-12-30 estimated range: [8.34$, 12.55$]
Financial Metrics affecting the RC estimates:
- Positive: 0.93 < Non-GAAP EPS, $ of 1.84
- Positive: Operating cash flow per share per price, % of 26.45 > 12.76
- Positive: Operating profit margin, % of 25.02 > 19.51
- Positive: Industry operating cash flow per share per price (median), % of 15.19 > 10.07
- Negative: Investing cash flow per share, $ of -14.56 <= -3.48
- Negative: 0 < Industry inventory ratio change (median), % of 0.13
- Positive: -0.25 < Return on assets ratio (scaled to [-100,100]) of 1.72
Short-term RC quotes
Long-term RC plot with estimates
Financial data
| YTD | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|
| Operating Revenue | $270.14MM | $383.37MM | $930.69MM |
| Operating Expenses | $216.89MM | $196.55MM | $697.79MM |
| Operating Income | $53.25MM | $186.83MM | $232.90MM |
| Non-Operating Income | $1.20MM | $2.23MM | $0.00MM |
| Interest Expense | $175.48MM | $213.56MM | $400.77MM |
| R&D Expense | $6.72MM | $7.97MM | $9.00MM |
| Income(Loss) | $54.45MM | $189.06MM | $232.90MM |
| Taxes | $8.38MM | $29.08MM | $29.73MM |
| Profit(Loss) | $46.07MM | $159.97MM | $203.16MM |
| Stockholders Equity | $815.40MM | $1,276.10MM | $1,791.09MM |
| Inventory | $45.35MM | $42.29MM | $117.10MM |
| Assets | $5,372.10MM | $9,534.03MM | $11,620.98MM |
| Operating Cash Flow | $68.89MM | $-34.44MM | $359.15MM |
| Capital expenditure | $0.00MM | $3,704.81MM | $0.00MM |
| Investing Cash Flow | $-59.44MM | $-1,718.40MM | $-1,556.43MM |
| Financing Cash Flow | $63.05MM | $1,875.69MM | $1,170.98MM |
| Earnings Per Share* | $0.81 | $2.06 | $1.65 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.