PennyMac Financial Services (NYSE:PFSI – Get Free Report) reported its earnings on July 23rd, showing an EPS of $1.85, which was below analysts’ expectations of $2.65. The company’s revenue was $406.13 million, lower than the forecast of $469.64 million. However, revenue grew by 20.7% year-over-year. Analysts predict $11 EPS for this year and $14 EPS for next year.
PennyMac Stock Overview
As of Friday, NYSE PFSI shares opened at $109.32. The market cap is $5.57 billion with a P/E ratio of 37.96 and a debt-to-equity ratio of 2.75. The stock’s 52-week range is $62.15 to $119.13.
Dividend Increase
PennyMac recently raised its quarterly dividend to $0.30, up from $0.20, providing an annual yield of 1.10% paid on August 23rd. The company has a dividend payout ratio of 41.67%.
Insider Trading Activity
CEO David Spector sold 10,000 shares on October 14th for about $1,075,700. After this, he holds 190,604 shares. Additionally, Director Joseph F. Mazzella sold 11,396 shares on August 14th for around $1,115,896. Insiders own 16.60% of the company’s shares.
Analyst Ratings
Recent analyst reports show mixed ratings for PennyMac. StockNews.com downgraded the stock to “sell,” while Barclays and Piper Sandler increased their target prices to $125. The average rating is “Hold” with a target price of $111.50.
Get Our Latest Stock Analysis on PennyMac Financial Services
PennyMac Company Overview
PennyMac Financial Services engages in mortgage banking and investment management in the U.S., operating in production, servicing, and investment management segments.
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