PennyMac Financial Services (PFSI) Set to Announce Earnings on Wednesday

PennyMac Financial Services (NYSE:PFSI) will release its earnings data after the market closes on Wednesday, April 24th. Analysts expect PennyMac Financial Services to post earnings of $2.34 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

PennyMac Financial Services (NYSE:PFSI) last announced its earnings results on Thursday, February 1st. The real estate investment trust reported $1.76 EPS for the quarter, beating the consensus estimate of $1.01 by $0.75. PennyMac Financial Services had a return on equity of 7.69% and a net margin of 10.32%. The business had revenue of $361.94 million for the quarter, compared to the consensus estimate of $413.35 million. On average, analysts expect PennyMac Financial Services to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

PennyMac Financial Services Price Performance

Shares of NYSE PFSI opened at $90.46 on Tuesday. PennyMac Financial Services has a fifty-two week low of $56.16 and a fifty-two week high of $94.78. The business has a 50 day moving average price of $87.74 and a two-hundred day moving average price of $82.64. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 1.90. The firm has a market cap of $4.56 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 0.58 and a beta of 1.67.

PennyMac Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 13th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, February 12th. This represents a $0.80 dividend on an annualized basis and a yield of 0.88%. PennyMac Financial Services’s dividend payout ratio (DPR) is presently 29.52%.

Insider Buying and Selling

In other PennyMac Financial Services news, CFO Daniel Stanley Perotti sold 11,400 shares of PennyMac Financial Services stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $88.50, for a total transaction of $1,008,900.00. Following the sale, the chief financial officer now owns 257,897 shares of the company’s stock, valued at approximately $22,823,884.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PennyMac Financial Services news, CEO David Spector sold 15,000 shares of PennyMac Financial Services stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $87.18, for a total transaction of $1,307,700.00. Following the sale, the chief executive officer now owns 270,604 shares of the company’s stock, valued at approximately $23,591,256.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel Stanley Perotti sold 11,400 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $88.50, for a total value of $1,008,900.00. Following the completion of the sale, the chief financial officer now directly owns 257,897 shares in the company, valued at approximately $22,823,884.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,802 shares of company stock valued at $7,666,108. Insiders own 17.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on PennyMac Financial Services in a research note on Wednesday, January 10th. They set a “buy” rating and a $115.00 price objective for the company. Barclays lifted their target price on PennyMac Financial Services from $103.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. StockNews.com upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods upgraded PennyMac Financial Services from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $100.00 to $105.00 in a research report on Tuesday, April 9th. Finally, Wedbush lifted their target price on PennyMac Financial Services from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, PennyMac Financial Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.13.

PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.