PennyMac Financial Services (NYSE:PFSI – Get Free Report) released its quarterly earnings on July 23rd. The company reported an EPS of $1.85, falling short of the expected $2.65. Revenue was $406.13 million, below the estimate of $469.64 million. PennyMac’s net margin was 13.13% and return on equity was 12.69%. Year-over-year, revenue increased by 20.7%. Analysts predict $11 EPS for the current year and $14 EPS for next year.
PennyMac Financial Services Price Performance
PennyMac stocks opened at $109.32. The market cap is $5.57 billion, with a P/E ratio of 37.96 and a PEG ratio of 0.66. The stock has ranged from $62.15 to $119.13 in the past year. The current ratio is 0.37, and the debt-to-equity ratio is 2.75.
PennyMac Financial Services Increases Dividend
PennyMac recently declared a quarterly dividend of $0.30, paid on August 23rd, which is an annualized yield of 1.10%, increased from $0.20. The dividend payout ratio is 41.67%.
Insider Activity at PennyMac Financial Services
CEO David Spector sold 10,000 shares at $107.57 each on October 14th, totaling $1,075,700. There’s no change in his ownership. Director Joseph F. Mazzella sold 11,396 shares on August 14th at $97.92, worth $1,115,896.32. Insiders have sold 89,855 shares recently, representing 16.60% ownership in total.
Wall Street Analyst Opinions
StockNews.com downgraded PennyMac from “hold” to “sell” on July 3rd. Barclays raised their target price from $112.00 to $125.00. Wedbush increased their target from $110.00 to $120.00. Analysts have mixed reviews, with 1 sell, 2 hold, and 4 buy ratings, averaging a “Hold” rating with a target price of $111.50.
PennyMac Financial Services Company Overview
PennyMac Financial Services, Inc. engages in mortgage banking and investment management through its subsidiaries, operating in Production, Servicing, and Investment Management segments.
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