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 quarterly earnings data on Thursday, February 3. The real estate investment trust reported EPS of $3.94 for the quarter, beating Thomson Reuters consensus estimate of $3.40 by $0.54. PennyMac Financial Services posted a return on equity of 30.92% and a net margin of 31.68%. The company had revenue of $693.81 million in the quarter, versus a consensus estimate of $780.00 million. In the same quarter 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.
PennyMac Financial Services shares opened at $50.20 on Friday. The stock has a fifty-day simple moving average of $53.21 and a 200-day simple moving average of $61.31. PennyMac Financial Services has a 12 month minimum of $45.90 and a 12 month maximum of $71.52. The company 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 current ratio of 0.18, a quick ratio of 0.18 and a debt ratio of 2.79.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 25. Shareholders of record on Tuesday, February 15 received a dividend of $0.20. The ex-dividend date was Monday, February 14. This represents an annualized dividend of $0.80 and a yield of 1.59%. PennyMac Financial Services’ dividend payout ratio is currently 5.45%.
Several research analysts have weighed in on the company. Barclays cut its price target on PennyMac Financial Services from $113.00 to $103.00 and set an “overweight” rating on the stock in a Tuesday, April 12 research report. BTIG Research began covering PennyMac Financial Services in a report on Wednesday, April 20. They issued a “buy” rating and a price target of $60.00 for the company. StockNews.com downgraded PennyMac Financial Services shares from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research downgraded shares of PennyMac Financial Services from a “held” rating to a “strong sell” rating in a Wednesday, Feb. 9 research note. Finally, Piper Sandler cut her price target on PennyMac Financial Services shares from $117.00 to $98.00 and set an “overweight” rating for the company in a Tuesday, April 5 research note. Two equity research analysts gave the stock a sell rating and six gave the stock a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $83.14.
In related news, CEO David Spector sold 15,000 shares of the company in a trade that took place on Wednesday, February 23. The shares were sold at an average price of $57.23, for a total transaction of $858,450.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, insider Doug Jones sold 20,014 shares of the company in a trade that took place on Friday, April 8. The shares were sold at an average price of $46.50, for a total transaction of $930,651.00. Following the transaction, the insider now directly owns 47,349 shares of the company, valued at approximately $2,201,728.50. The disclosure of this sale can be found here. In the past ninety days, insiders have bought 370,982 shares of the company worth $22,353,906 and sold 62,250 shares worth $3,311,027. 12.90% of the shares are currently held by insiders.
Institutional investors have recently changed their positions in the company. Morgan Stanley increased its position in PennyMac Financial Services by 38.6% during the second quarter. Morgan Stanley now owns 431,227 shares of the real estate investment trust worth $26,615,000 after buying an additional 120,117 shares in the last quarter. Allianz Asset Management GmbH increased its position in PennyMac Financial Services by 101.1% during the fourth quarter. Allianz Asset Management GmbH now owns 318,682 shares of the real estate investment trust worth $22,239,000 after purchasing an additional 160,244 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings of PennyMac Financial Services shares by 2.2% in the fourth quarter. Parametric Portfolio Associates LLC now owns 62,389 shares of the real estate investment trust worth $4,353,000 after acquiring 1,327 additional shares in the last quarter. The Ohio Public Employees Retirement System increased its holdings of PennyMac Financial Services stock by 44.5% in 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 acquiring 12,533 additional shares in the last quarter. Finally, Squarepoint Ops LLC increased its equity stake in PennyMac Financial Services by 69.7% in Q4. Squarepoint Ops LLC now owns 11,972 shares of the real estate investment trust worth $835,000 after acquiring 4,916 additional shares in the last quarter. Institutional investors and hedge funds hold 61.22% of the company’s shares.
PennyMac Financial Services Company Profile (Get an evaluation)
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.
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