U.S. Markets close in 19 mins
  • S&P 500

    4,009.51
    -14.38 (-0.36%)
     
  • Dow 30

    32,229.85
    +33.19 (+0.10%)
     
  • Nasdaq

    11,670.85
    -134.15 (-1.14%)
     
  • Russell 2000

    1,787.61
    -5.06 (-0.28%)
     
  • Crude Oil

    113.71
    +3.22 (+2.91%)
     
  • Gold

    1,824.30
    +16.10 (+0.89%)
     
  • Silver

    21.66
    +0.65 (+3.11%)
     
  • EUR/USD

    1.0438
    +0.0022 (+0.2088%)
     
  • 10-Yr Bond

    2.8770
    -0.0580 (-1.98%)
     
  • Vix

    27.75
    -1.12 (-3.88%)
     
  • GBP/USD

    1.2317
    +0.0054 (+0.4434%)
     
  • USD/JPY

    129.0690
    -0.1160 (-0.0898%)
     
  • BTC-USD

    29,744.23
    -541.39 (-1.79%)
     
  • CMC Crypto 200

    666.75
    +424.07 (+174.75%)
     
  • FTSE 100

    7,464.80
    +46.65 (+0.63%)
     
  • Nikkei 225

    26,547.05
    +119.40 (+0.45%)
     

New Residential Investment: Q4 Earnings Insights

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

 

Shares of New Residential Inv (NYSE:NRZ) fell 0.5% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share fell 47.54% year over year to $0.32, which missed the estimate of $0.33.

Revenue of $113,435,000 decreased by 47.50% year over year, which missed the estimate of $234,150,000.

Looking Ahead

New Residential Inv hasn't issued any earnings guidance for the time being.

New Residential Inv hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Feb 09, 2021

View more earnings on NRZ

Time: 08:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/nrz/mediaframe/43074/indexr.html

Price Action

Company's 52-week high was at $17.66

Company's 52-week low was at $2.91

Price action over last quarter: Up 30.14%

Company Description

New Residential Investment Corp is a real estate investment trust that invests and manages investments related to residential real estate in the United States. The company's asset portfolio is mainly comprised of servicing-related assets and residential securities and loans. The vast majority of the cumulative outstanding face value of New Residential's portfolio is made up of excess mortgage servicing rights, or MSRs. The company collects interest income from these when the fee paid for an MSR exceeds the basic amount. Mortgage servicer advances, or loans extended to cover payments missed by homeowners, represent the majority of the carrying value of New Residential's investment portfolio. Most of these securities have short- to medium-term lifespans.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.