PennyMac Financial Services (PFSI) to Release Quarterly Earnings on Thursday

PennyMac Financial Services (NYSE:PFSI) will likely be announcing its earnings results after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $3.09 per share and revenue of $524.22 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

PennyMac Financial Services Trading Down 1.2 %

PennyMac Financial Services stock traded down $1.41 during mid-day trading on Tuesday, hitting $112.25. The company’s stock had a trading volume of 308,374 shares, compared to its average volume of 288,996. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 0.20 and a beta of 1.78. The business has a 50 day moving average price of $104.13 and a 200-day moving average price of $104.18. PennyMac Financial Services has a 12 month low of $83.03 and a 12 month high of $119.13.

Wall Street Analyst Weigh In

Several analysts have weighed in on PFSI shares. Wedbush reissued an “outperform” rating and issued a $130.00 price target on shares of PennyMac Financial Services in a research note on Wednesday, October 23rd. Piper Sandler upped their price objective on shares of PennyMac Financial Services from $125.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods lowered their price objective on shares of PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating for the company in a research note on Tuesday, December 10th. Barclays upped their price objective on shares of PennyMac Financial Services from $112.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company upped their price objective on shares of PennyMac Financial Services from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, PennyMac Financial Services has an average rating of “Moderate Buy” and an average target price of $122.50.

Insider Activity at PennyMac Financial Services

In other PennyMac Financial Services news, CFO Daniel Stanley Perotti sold 10,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $100.02, for a total value of $1,050,210.00. Following the sale, the chief financial officer now owns 225,497 shares in the company, valued at approximately $22,554,209.94. This represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Spector sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $105.04, for a total transaction of $1,050,400.00. Following the completion of the sale, the chief executive officer now owns 180,604 shares in the company, valued at approximately $18,970,644.16. This trade represents a 5.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,844 shares of company stock worth $15,079,791 over the last 90 days. 16.60% of the stock is owned by company insiders.

PennyMac Financial Services Company Profile

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.