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 interested in listening to the company’s conference call can do so using this link.

PennyMac Financial Services Stock Down 1.2 %

NYSE PFSI traded down $1.41 during trading hours 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. PennyMac Financial Services has a 52 week low of $83.03 and a 52 week high of $119.13. The company has a market capitalization of $5.75 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 0.20 and a beta of 1.78. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 2.75. The company’s 50-day simple moving average is $104.13 and its two-hundred day simple moving average is $104.18.

Wall Street Analyst Weigh In

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

Insider Activity at PennyMac Financial Services

In other news, CFO Daniel Stanley Perotti sold 10,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $100.02, for a total transaction of $1,050,210.00. Following the completion of the transaction, the chief financial officer now directly owns 225,497 shares in the company, valued at $22,554,209.94. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Doug Jones sold 23,229 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $101.51, for a total transaction of $2,357,975.79. Following the transaction, the director now owns 23,892 shares of the company’s stock, valued at $2,425,276.92. This trade represents a 49.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,844 shares of company stock worth $15,079,791. Corporate insiders own 16.60% of the company’s stock.

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.