PennyMac Financial Services, Inc. (NYSE:PFSI) is set to post its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect PennyMac Financial Services to post earnings of $0.71 per share for the quarter.

PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.22). The business had revenue of $201.72 million during the quarter, compared to analyst estimates of $181.89 million. PennyMac Financial Services had a net margin of 6.87% and a return on equity of 4.79%. On average, analysts expect PennyMac Financial Services to post $2.24 EPS for the current fiscal year and $2.91 EPS for the next fiscal year.

PennyMac Financial Services, Inc. (NYSE PFSI) opened at 18.10 on Wednesday. The firm has a market capitalization of $425.53 million, a PE ratio of 6.12 and a beta of 0.62. The stock’s 50 day moving average price is $17.71 and its 200 day moving average price is $17.07. PennyMac Financial Services, Inc. has a 52-week low of $15.65 and a 52-week high of $19.35.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a research note on Wednesday. BidaskClub upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a report on Tuesday, September 19th. Finally, ValuEngine cut shares of PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $20.25.

In other PennyMac Financial Services news, insider Jeffrey Grogin sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $17.04, for a total transaction of $306,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Walker sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $18.13, for a total transaction of $90,650.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 178,565 shares of company stock valued at $3,095,553. 45.64% of the stock is currently owned by company insiders.

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PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.

Earnings History for PennyMac Financial Services (NYSE:PFSI)

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