Recap: Ready Capital Q3 Earnings
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.
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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