PennyMac Mortgage Investment Trust (NYSE:PMT) is scheduled to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.43 per share for the quarter.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.05). The business had revenue of $83.96 million for the quarter, compared to the consensus estimate of $80.12 million. PennyMac Mortgage Investment Trust had a return on equity of 8.67% and a net margin of 37.97%. The company’s revenue was up 76.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) earnings per share. On average, analysts expect PennyMac Mortgage Investment Trust to post $1.64 EPS for the current fiscal year and $1.72 EPS for the next fiscal year.

Shares of PennyMac Mortgage Investment Trust (PMT) opened at 16.50 on Wednesday. PennyMac Mortgage Investment Trust has a 52-week low of $14.75 and a 52-week high of $18.46. The company has a market capitalization of $1.10 billion, a P/E ratio of 9.86 and a beta of 0.49. The stock’s 50 day moving average is $17.09 and its 200 day moving average is $17.54.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, October 13th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.88 dividend on an annualized basis and a yield of 11.39%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 109.94%.

A number of research firms have weighed in on PMT. BidaskClub upgraded shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised shares of PennyMac Mortgage Investment Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods downgraded shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $19.00 to $18.00 in a report on Tuesday, October 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.00.

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In other news, insider David Spector sold 18,750 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $17.61, for a total value of $330,187.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 75,000 shares of company stock worth $1,299,563 in the last quarter. Company insiders own 1.80% of the company’s stock.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.

Earnings History for PennyMac Mortgage Investment Trust (NYSE:PMT)

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