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Recap: Ready Capital Q3 Earnings

Benzinga Insights
·1 min read

Shares of Ready Capital (NYSE:RC) were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 42.50% year over year to $0.57, which beat the estimate of $0.36.

Revenue of $17,251,000 declined by 15.16% year over year, which missed the estimate of $23,780,000.

Looking Ahead

Ready Capital hasn't issued any earnings guidance for the time being.

View more earnings on RC

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $16.90

Company's 52-week low was at $3.92

Price action over last quarter: Up 25.20%

Company Overview

Ready Capital Corp is a real estate finance company. It acquires, manages, originates and finances small balance commercial loans to purchase small multi-family, office, retail, mixed-use or warehouse properties. The company's segments consist of Loan Acquisitions, SBC Originations, SBA Originations, Acquisitions and Servicing, and Residential Mortgage Banking. Its objective is to provide attractive risk-adjusted returns through dividends and through capital appreciation.

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