PennyMac Mortgage Investment Trust (NYSE:PMT) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.10. PennyMac Mortgage Investment Trust had a net margin of 36.14% and a return on equity of 8.37%. The company had revenue of $82.99 million for the quarter, compared to the consensus estimate of $70.85 million. During the same period in the previous year, the business earned $0.38 EPS. On average, analysts expect PennyMac Mortgage Investment Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE:PMT opened at $19.13 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.60 and a current ratio of 0.60. PennyMac Mortgage Investment Trust has a 12-month low of $14.87 and a 12-month high of $20.41. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 2.45 and a beta of 0.38.
PMT has been the topic of several recent analyst reports. Barclays boosted their target price on shares of PennyMac Mortgage Investment Trust from $15.00 to $18.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 25th. Wells Fargo & Co started coverage on shares of PennyMac Mortgage Investment Trust in a report on Tuesday, September 18th. They set a “market perform” rating and a $20.00 price target on the stock. Credit Suisse Group boosted their price target on shares of PennyMac Mortgage Investment Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, September 25th. Finally, ValuEngine upgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $20.25.
In related news, Director Marianne Sullivan purchased 3,015 shares of the stock in a transaction dated Friday, August 31st. The shares were acquired at an average cost of $19.95 per share, for a total transaction of $60,149.25. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David Spector sold 7,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $19.15, for a total transaction of $134,050.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,790 shares of company stock worth $344,890. 2.46% of the stock is currently owned by corporate insiders.
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).
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