PennyMac Financial Services, Inc. (PFSI) Scheduled to Post Quarterly Earnings on Wednesday
PennyMac Financial Services, Inc. (NYSE:PFSI) is scheduled to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.71 per share for the quarter.
PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.22). The company had revenue of $201.72 million during the quarter, compared to the consensus estimate of $181.89 million. PennyMac Financial Services had a net margin of 6.87% and a return on equity of 4.79%. On average, analysts expect PennyMac Financial Services to post $2.24 EPS for the current fiscal year and $2.93 EPS for the next fiscal year.
PennyMac Financial Services, Inc. (NYSE PFSI) opened at 18.25 on Tuesday. The firm has a 50-day moving average price of $17.88 and a 200-day moving average price of $17.12. PennyMac Financial Services, Inc. has a 1-year low of $15.65 and a 1-year high of $19.35. The company has a market capitalization of $429.06 million, a P/E ratio of 6.17 and a beta of 0.61.
PFSI has been the subject of several recent analyst reports. Zacks Investment Research lowered PennyMac Financial Services from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine lowered PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a report on Tuesday, September 19th. Finally, BidaskClub raised PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. PennyMac Financial Services currently has an average rating of “Hold” and a consensus price target of $20.25.
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In other PennyMac Financial Services news, insider David M. Walker sold 10,000 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $18.17, for a total transaction of $181,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anne Mccallion sold 5,000 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $16.95, for a total value of $84,750.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,724 shares of company stock valued at $2,870,062. 45.64% of the stock is currently owned by corporate insiders.
About PennyMac Financial Services
PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.
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