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RC

Ready Capital Corp

$13.94

Earnings Summary

Revenue
$149.65Mn
Net Profits
$66.68Mn
Net Profit Margins
44.56%
PE Ratio
5.87

Highlights

Revenue:

Ready Capital Corp’s revenue jumped 69.86% since last year same period to $149.65Mn in the Q1 2022. On a quarterly growth basis, Ready Capital Corp has generated 44.6% jump in its revenue since last 3-months.

Net Profits:

Ready Capital Corp’s net profit jumped 135.72% since last year same period to $66.68Mn in the Q1 2022. On a quarterly growth basis, Ready Capital Corp has generated 25.3% jump in its net profits since last 3-months.

Net Profit Margins:

Ready Capital Corp’s net profit margin jumped 38.77% since last year same period to 44.56% in the Q1 2022. On a quarterly growth basis, Ready Capital Corp has generated -13.35% fall in its net profit margins since last 3-months.

PE Ratio:

Ready Capital Corp’s price-to-earnings ratio after this Q1 2022 earnings stands at 5.87.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Ready Capital Corp post its latest quarter earnings

EPS Estimate Current Quarter
0.46
EPS Estimate Current Year
0.46

Highlights

EPS Estimate Current Quarter:

Ready Capital Corp’s earning per share (EPS) estimates for the current quarter stand at 0.46 - a -17.86% fall from last quarter’s estimates.

EPS Estimate Current Year:

Ready Capital Corp’s earning per share (EPS) estimates for the current year stand at 0.46.

Key Ratios

Key ratios of the Ready Capital Corp post its Q1 2022 earnings

Earning Per Share (EPS)
0.52
Return on Assets (ROA)
0.02
Return on Equity (ROE)
0.14
Dividend Per Share (DPS)
1.68

Highlights

Earning Per Share (EPS):

Ready Capital Corp’s earning per share (EPS) jumped 26.83% since last year same period to 0.52 in the Q1 2022. This indicates that the Ready Capital Corp has generated 26.83% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Ready Capital Corp’s return on assets (ROA) stands at 0.02.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Ready Capital Corp’s return on equity (ROE) stands at 0.14.

Dividend Per Share (DPS):

Ready Capital Corp declared 1.68 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-06
0.56
0.52
-7.14%

Company Information

Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York, New York, Ready Capital employs over 500 lending professionals nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.

Organisation
Ready Capital Corp
Headquarters
New York, New York, US
Industry
Finance
CEO
Thomas Capasse