PennyMac Financial Services (NYSE:PFSI – Get Free Report) reported earnings on July 23rd. Their EPS was $1.85, missing the expected $2.65 by $0.80. Revenue was $406.13 million, lower than the $469.64 million predicted. The company’s net margin was 13.13%, and return on equity was 12.69%. Year-over-year, revenue increased by 20.7%. Analysts predict EPS of $11 this fiscal year and $14 next year.
PennyMac Stock Performance
PennyMac shares opened at $109.32 on Friday, with a market cap of $5.57 billion. Key metrics include a P/E ratio of 37.96, PEG ratio of 0.66, and a beta of 1.77. The stock’s 52-week low is $62.15 and high is $119.13. The moving averages are $107.36 (50-day) and $97.80 (200-day). Current and quick ratios are both 0.37, with a debt-to-equity ratio of 2.75.
Dividend Increase
PennyMac recently increased its quarterly dividend to $0.30, up from $0.20. This gives an annual yield of 1.10%. The dividend payout ratio is 41.67%.
Insider Transactions
CEO David Spector sold 10,000 shares on October 14th for $1,075,700, reducing his holdings slightly. Director Joseph F. Mazzella sold 11,396 shares on August 14th for $1,115,896. Insiders have sold a total of 89,855 shares valued at $9.6 million over the last quarter; they own 16.60% of the company.
Analyst Ratings
PennyMac has received varied ratings from analysts. StockNews.com downgraded it to “sell”, while Barclays increased its target price to $125. The average rating is “Hold” with a target price of $111.50.
Get Our Latest Stock Analysis on PennyMac Financial Services
Company Overview
PennyMac Financial Services operates in mortgage banking and investment management through its subsidiaries, focusing on loan origination and sales.
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