PennyMac Financial Services (PFSI) Expected to Announce Quarterly Earnings on Thursday

PennyMac Financial Services (NYSE:PFSI) will likely be releasing its earnings data after the market closes on Thursday, January 30th. Analysts expect PennyMac Financial Services to post earnings of $3.09 per share and revenue of $524.22 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

PennyMac Financial Services Stock Down 1.9 %

Shares of PennyMac Financial Services stock opened at $111.55 on Wednesday. PennyMac Financial Services has a 1 year low of $83.03 and a 1 year high of $119.13. 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 $5.72 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 0.20 and a beta of 1.78. The firm’s 50-day moving average is $104.26 and its two-hundred day moving average is $104.26.

Insider Activity

In related news, Director Doug Jones sold 23,229 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $101.51, for a total value of $2,357,975.79. Following the transaction, the director now directly owns 23,892 shares of the company’s stock, valued at $2,425,276.92. This represents a 49.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel Stanley Perotti sold 10,500 shares of PennyMac Financial Services stock in a transaction dated Friday, November 15th. The stock was 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 directly owns 225,497 shares of the company’s stock, valued at approximately $22,554,209.94. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,844 shares of company stock worth $15,079,791 over the last 90 days. 16.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.