PennyMac Financial Services (NYSE:PFSI – Get Free Report) reported quarterly earnings on July 23rd. They posted an EPS of $1.85, missing the expected $2.65. Revenue was $406.13 million, lower than the forecast of $469.64 million. Last year, they earned $1.11 per share. Analysts predict an EPS of $11 this fiscal year and $14 next year.
PennyMac Financial Services Price Performance
NYSE PFSI shares opened at $109.32 on Friday, with a market cap of $5.57 billion. The stock’s P/E ratio is 37.96, PEG ratio is 0.66, and beta is 1.77. The 52-week range is $62.15 to $119.13. Current ratios are 0.37 for both current and quick ratios, and a debt-to-equity ratio of 2.75.
Dividend Increase
PennyMac announced a quarterly dividend of $0.30, paid on August 23rd, up from $0.20 previously. This gives an annual yield of 1.10%, with a payout ratio of 41.67%.
Insider Activity
CEO David Spector sold 10,000 shares on October 14th for $1,075,700. He currently owns 190,604 shares worth about $20.5 million. Director Joseph F. Mazzella sold 11,396 shares on August 14th for approximately $1.12 million. Insiders sold a total of 89,855 shares in the last quarter.
Analyst Ratings
Recent reports show varied ratings for PFSI. StockNews.com downgraded it from “hold” to “sell”, while Barclays and Piper Sandler raised their target prices. Overall, the stock holds an average “Hold” rating with a target price of $111.50.
PennyMac Financial Services Overview
PennyMac Financial Services, Inc. is involved in mortgage banking and investment management in the U.S., operating in origination, servicing, and investment management activities.
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