PennyMac Mortgage Investment Trust (PMT) Expected to Announce Quarterly Earnings on Thursday

Key Points

• PMT is expected to report Q3 2026 results after market close on October 29. Analysts forecast earnings of approximately $0.30 per share and revenue of $93.96 million, compared with the company’s prior-quarter EPS miss and reported negative revenue.
• The stock has fallen sharply and remains volatile. PMT opened at $6.84, near its 12-month low of $6.70 and well below its 12-month high of $13.81; analysts maintain a consensus “Hold” rating with a $10.92 target price.
• PMT declared a $0.40 quarterly dividend, equating to $1.60 annually and a 23.4% yield. However, its payout ratio is elevated at 112.68%, which may raise questions about dividend sustainability.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) is expected to announce its Q3 2026 results after the market closes on Thursday, October 29th. Analysts expect the company to announce earnings of $0.3017 per share and revenue of $93.96 million for the quarter. Parties are encouraged to explore the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, October 29, 2026 at 6:00 PM ET.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.07). PennyMac Mortgage Investment Trust had a net margin of 47.79% and a return on equity of 12.50%. The firm had revenue of ($46.00) million during the quarter, compared to the consensus estimate of $93.93 million. On average, analysts expect PennyMac Mortgage Investment Trust to post $1.02 EPS for the current fiscal year and $1.31 EPS for the next fiscal year.

PennyMac Mortgage Investment Trust Stock Down 0.9%

Shares of PMT stock opened at $6.84 on Thursday. PennyMac Mortgage Investment Trust has a 12 month low of $6.70 and a 12 month high of $13.81. The stock has a 50 day moving average of $8.59 and a 200-day moving average of $9.89. The firm has a market cap of $596.88 million, a PE ratio of 4.82, a price-to-earnings-growth ratio of 0.39 and a beta of 1.20. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 9.18.

PennyMac Mortgage Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Thursday, October 8th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 23.4%. PennyMac Mortgage Investment Trust's dividend payout ratio is currently 112.68%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PMT. Deutsche Bank Aktiengesellschaft upgraded PennyMac Mortgage Investment Trust from a "hold" rating to a "buy" rating and set a $12.00 price target on the stock in a research note on Saturday, August 15th. Citizens Jmp decreased their price target on shares of PennyMac Mortgage Investment Trust from $15.00 to $12.50 and set a "market outperform" rating on the stock in a research note on Thursday, October 15th. Zacks Research raised shares of PennyMac Mortgage Investment Trust from a "strong sell" rating to a "hold" rating in a report on Friday, October 16th. Wells Fargo & Company dropped their price objective on shares of PennyMac Mortgage Investment Trust from $12.00 to $10.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. Finally, Weiss Ratings cut shares of PennyMac Mortgage Investment Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, October 8th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $10.92.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust NYSE: PMT is a mortgage real estate investment trust that invests primarily in residential mortgage loans and mortgage-related assets. The company seeks to generate income through investments tied to the U.S. residential mortgage market, including credit-sensitive and interest-rate-sensitive assets.

PMT's business activities include acquiring and managing mortgage loans, mortgage-backed securities and related investments. Through its correspondent production strategy, the trust invests in newly originated residential mortgage loans purchased from correspondent lenders.

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