PennyMac Financial Services (PFSI) is expected to report results on Thursday

PennyMac Financial Services (NYSE:PFSI – Get Rating) is set to release earnings data after market close on Thursday, May 5. Analysts expect PennyMac Financial Services to post earnings of $2.88 per share for the quarter.

PennyMac Financial Services (NYSE:PFSI – Get Rating) last released its quarterly results on Thursday, February 3. The real estate investment trust reported earnings per share of $3.94 for the quarter, beating the Zacks consensus estimate of $3.40 by $0.54. The company had revenue of $693.81 million in the quarter, versus a consensus estimate of $780.00 million. PennyMac Financial Services posted a net margin of 31.68% and a return on equity of 30.92%. During the same period a year earlier, the company posted earnings per share of $5.97. On average, analysts expect PennyMac Financial Services to post EPS of $11 for the current fiscal year and EPS of $13 for the next fiscal year.

NYSE PFSI shares opened at $50.20 on Friday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 3.38 and a beta of 1.22. The company has a 50-day moving average price of $53.21 and a 200-day moving average price of $61.31. The company has a debt ratio of 2.79, a quick ratio of 0.18 and a current ratio of 0.18. PennyMac Financial Services has a 52-week low of $45.90 and a 52-week high of $71.52.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, February 25. Investors of record on Tuesday, February 15 received a dividend of $0.20 per share. This represents a dividend of $0.80 on an annualized basis and a yield of 1.59%. The ex-dividend date was Monday, February 14. PennyMac Financial Services’ dividend payout ratio is currently 5.45%.

Separately, insider Doug Jones sold 20,014 shares of the company in a trade that took place on Friday, April 8. The stock was sold at an average price of $46.50, for a total transaction of $930,651.00. Following the completion of the sale, the insider now owns 47,349 shares of the company, valued at $2,201,728.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In addition, Director Mfn Partners, Lp acquired 125,000 shares of PennyMac Financial Services in a transaction dated Wednesday, February 9. The shares were purchased at an average price of $61.44 per share, with a total value of $7,680,000.00. Disclosure of this purchase can be found here. During the last quarter, insiders bought 370,982 shares of the company worth $22,353,906 and sold 62,250 shares worth $3,311,027. Insiders of the company own 12.90% of the shares of the company.

Several hedge funds have recently changed their holdings in PFSI. Parametric Portfolio Associates LLC increased its position in PennyMac Financial Services by 2.2% during the fourth quarter. Parametric Portfolio Associates LLC now owns 62,389 shares of the real estate investment trust worth $4,353,000 after purchasing an additional 1,327 shares in the last quarter. Squarepoint Ops LLC increased its position in PennyMac Financial Services by 69.7% during the fourth quarter. Squarepoint Ops LLC now owns 11,972 shares of the real estate investment trust worth $835,000 after purchasing an additional 4,916 shares in the last quarter. Virtu Financial LLC acquired a new position in PennyMac Financial Services during the fourth quarter worth approximately $352,000. Public Employees Retirement System of Ohio increased its position in PennyMac Financial Services by 44.5% during the fourth quarter. The Ohio Public Employees Retirement System now owns 40,672 shares of the real estate investment trust worth $2,838,000 after purchasing an additional 12,533 shares last quarter. Finally, UBS Group AG increased its position in PennyMac Financial Services by 169.1% during the third quarter. UBS Group AG now owns 8,044 shares of the real estate investment trust worth $492,000 after buying an additional 19,680 shares last quarter. Institutional investors and hedge funds hold 61.22% of the company’s shares.

PFSI has been the subject of several research reports. Barclays lowered its price target on PennyMac Financial Services shares from $113.00 to $103.00 and set an “overweight” rating for the company in a Tuesday, April 12 research report. Piper Sandler lowered her price target on PennyMac Financial Services from $117.00 to $98.00 and set an “overweight” rating on the stock in a Tuesday, April 5 research note. Zacks Investment Research downgraded PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a Wednesday, Feb. 9 research note. StockNews.com downgraded PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, BTIG Research supported coverage from PennyMac Financial Services in a Wednesday, April 20 research note. They issued a “buy” rating and a price target of $60.00 on the stock. Two analysts gave the stock a sell rating and six gave the company a buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $83.14.

PennyMac Financial Services Company Profile (Get a rating)

PennyMac Financial Services, Inc, through its subsidiaries, is engaged in the mortgage banking and investment management business in the United States. It operates through three segments: production, maintenance and investment management. The Production segment is involved in the origination, acquisition and sale of loans.

See also

Earnings history for PennyMac Financial Services (NYSE: PFSI)

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