PennyMac Financial Services (PFSI) Expected to Announce Earnings on Tuesday

PennyMac Financial Services (NYSE:PFSI - Get Free Report) is projected to post 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. Individual 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 earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 EPS for the quarter, missing analysts' consensus estimates 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 Stock Up 1.5 %

PFSI stock traded up $1.48 during trading on Friday, hitting $97.05. 345,481 shares of the company's stock traded hands, compared to its average volume of 302,775. The business has a fifty day simple moving average of $99.36 and a two-hundred day simple moving average of $102.77. The company has a quick ratio of 0.38, a current ratio of 0.26 and a debt-to-equity ratio of 3.22. The firm has a market capitalization of $4.99 billion, a P/E ratio of 16.62, a PEG ratio of 0.19 and a beta of 1.73. PennyMac Financial Services has a 1 year low of $83.03 and a 1 year high of $119.13.

PennyMac Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, February 23rd. Investors of record on Thursday, February 13th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.24%. PennyMac Financial Services's dividend payout ratio is currently 20.55%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PFSI. Piper Sandler decreased their target price on shares of PennyMac Financial Services from $132.00 to $130.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Keefe, Bruyette & Woods upgraded shares of PennyMac Financial Services from a "market perform" rating to an "outperform" rating and set a $114.00 price target on the stock in a research report on Tuesday, April 8th. Finally, UBS Group decreased their target price on PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $120.86.

Insider Activity at PennyMac Financial Services

In related news, CEO David Spector sold 5,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $101.28, for a total transaction of $506,400.00. Following the transaction, the chief executive officer now owns 155,604 shares of the company's stock, valued at approximately $15,759,573.12. This represents a 3.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Follette sold 1,983 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $99.93, for a total transaction of $198,161.19. Following the sale, the insider now directly owns 10,497 shares in the company, valued at $1,048,965.21. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,464 shares of company stock valued at $4,540,867. 16.60% of the stock is owned by insiders.

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.