PennyMac Financial Services (PFSI) Projected to Post Earnings on Tuesday

PennyMac Financial Services (NYSE:PFSI - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Tuesday, April 22nd. Analysts expect PennyMac Financial Services to post earnings of $2.99 per share and revenue of $520.42 million for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.21). PennyMac Financial Services had a net margin of 19.54% and a return on equity of 16.61%. On average, analysts expect PennyMac Financial Services to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

PennyMac Financial Services Trading Up 1.5 %

PFSI traded up $1.48 on Friday, hitting $97.05. 345,481 shares of the company were exchanged, compared to its average volume of 303,288. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.38 and a current ratio of 0.26. PennyMac Financial Services has a 12 month low of $83.03 and a 12 month high of $119.13. The stock has a market capitalization of $4.99 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 0.19 and a beta of 1.73. The firm has a fifty day simple moving average of $99.36 and a two-hundred day simple moving average of $102.65.

PennyMac Financial Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, February 23rd. Stockholders of record on Thursday, February 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, February 13th. PennyMac Financial Services's dividend payout ratio (DPR) is 20.55%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PFSI shares. UBS Group dropped their price objective on PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday. Keefe, Bruyette & Woods raised PennyMac Financial Services from a "market perform" rating to an "outperform" rating and set a $114.00 price target for the company in a research note on Tuesday, April 8th. Finally, Piper Sandler reduced their price objective on shares of PennyMac Financial Services from $132.00 to $130.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.86.

Insider Buying and Selling

In related news, CRO Abbie Tidmore sold 2,669 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $102.55, for a total transaction of $273,705.95. Following the sale, the executive now owns 4,878 shares of the company's stock, valued at $500,238.90. The trade was a 35.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Spector sold 6,839 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $102.12, for a total transaction of $698,398.68. Following the transaction, the chief executive officer now directly owns 635,554 shares of the company's stock, valued at $64,902,774.48. This represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,464 shares of company stock valued at $4,540,867 over the last ninety days. Company insiders own 16.60% of the company's stock.

About PennyMac Financial Services

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.