PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) last released its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.17). The business had revenue of $71.20 million during the quarter, compared to analysts’ expectations of $90.26 million. PennyMac Mortgage Investment Trust had a net margin of 47.60% and a return on equity of 13.29%. During the same period last year, the company earned $0.16 earnings per share. On average, analysts expect PennyMac Mortgage Investment Trust to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
PennyMac Mortgage Investment Trust Stock Down 0.2 %
PMT stock opened at $14.06 on Friday. The firm’s fifty day simple moving average is $14.02 and its 200-day simple moving average is $13.99. The company has a market capitalization of $1.22 billion, a P/E ratio of 9.31 and a beta of 1.51. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.33 and a quick ratio of 0.33. PennyMac Mortgage Investment Trust has a 12 month low of $10.52 and a 12 month high of $15.89.
PennyMac Mortgage Investment Trust Announces Dividend
Analyst Ratings Changes
Several research firms have recently commented on PMT. Keefe, Bruyette & Woods dropped their price objective on shares of PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Wedbush reissued a “neutral” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a report on Thursday, July 25th. JMP Securities increased their price target on shares of PennyMac Mortgage Investment Trust from $15.00 to $15.50 and gave the stock a “market outperform” rating in a report on Friday, July 19th. B. Riley reissued a “buy” rating and set a $16.00 price target on shares of PennyMac Mortgage Investment Trust in a report on Wednesday, July 24th. Finally, Piper Sandler lowered their price target on shares of PennyMac Mortgage Investment Trust from $15.00 to $14.50 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.93.
Check Out Our Latest Analysis on PennyMac Mortgage Investment Trust
Insiders Place Their Bets
In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 37,010 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $14.01, for a total transaction of $518,510.10. Following the completion of the transaction, the director now directly owns 49,114 shares in the company, valued at approximately $688,087.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 2,879 shares of company stock worth $39,028. Company insiders own 0.89% of the company’s stock.
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.
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