PennyMac Financial Services (NYSE:PFSI – Get Free Report) reported earnings on July 23rd. The real estate investment trust had an EPS of $1.85, missing estimates of $2.65 by $0.80. Revenue was $406.13 million, below the expected $469.64 million. The company’s revenue grew 20.7% year-over-year and had an EPS of $1.11 last year. Analysts forecast $11 EPS this fiscal year and $14 next year.
PennyMac Financial Services Stock Overview
PennyMac shares opened at $109.32 on Friday, with a market cap of $5.57 billion. It has a P/E ratio of 37.96, a PEG ratio of 0.66, and a beta of 1.77. The stock has a 52-week low of $62.15 and a high of $119.13. Its 50-day moving average is $107.36.
Dividend Update
The company announced a quarterly dividend of $0.30, paid on August 23rd, up from $0.20. The annualized dividend is $1.20, with a yield of 1.10%. The ex-dividend date was August 13th, with a payout ratio of 41.67%.
Insider Trades
CEO David Spector sold 10,000 shares on October 14th for $1,075,700. Post-sale, he owns 190,604 shares worth about $20.5 million. Director Joseph F. Mazzella sold 11,396 shares on August 14th for $1,115,896.32. Company insiders own 16.60% of the stock.
Analyst Ratings
Analysts have varied opinions on PFSI. StockNews.com downgraded it to “sell.” Barclays raised the target price to $125 with an “overweight” rating. Wedbush also increased their target to $120. Overall, the stock has an average rating of “Hold” and a target price of $111.50.
Company Profile
PennyMac Financial Services, Inc. operates in mortgage banking and investment management in the U.S., with segments such as Production and Servicing.
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