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

PennyMac Financial Services (NYSE:PFSI) is anticipated to issue its quarterly earnings data 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

PennyMac Financial Services Price Performance

Shares of PennyMac Financial Services stock traded down $1.59 during trading hours on Tuesday, reaching $112.07. The stock had a trading volume of 326,216 shares, compared to its average volume of 289,818. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 2.75. PennyMac Financial Services has a twelve month low of $83.03 and a twelve month high of $119.13. The stock’s 50 day moving average is $104.13 and its 200 day moving average is $104.18. The firm has a market capitalization of $5.74 billion, a PE ratio of 35.58, a PEG ratio of 0.20 and a beta of 1.78.

Insider Buying and Selling

In other PennyMac Financial Services news, Director Doug Jones sold 23,229 shares of PennyMac Financial Services stock in a transaction dated 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 directly owns 23,892 shares of the company’s stock, valued at $2,425,276.92. The trade was a 49.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Spector sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $99.38, for a total transaction of $496,900.00. Following the completion of the transaction, the chief executive officer now owns 165,604 shares in the company, valued at $16,457,725.52. The trade was a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,844 shares of company stock worth $15,079,791. 16.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on PFSI. Wedbush reissued an “outperform” rating and issued a $130.00 price objective on shares of PennyMac Financial Services in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods decreased 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 report on Tuesday, December 10th. Piper Sandler lifted their target price on shares of PennyMac Financial Services from $125.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price target 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. Finally, Barclays lifted their price objective on PennyMac Financial Services from $112.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.