Analysts forecast that PennyMac Mortgage Investment Trust (NYSE:PMT) will announce $0.50 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for PennyMac Mortgage Investment Trust’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.55. PennyMac Mortgage Investment Trust posted earnings of $0.62 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 19.4%. The company is expected to issue its next earnings report on Thursday, November 7th.
On average, analysts expect that PennyMac Mortgage Investment Trust will report full-year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.28. For the next fiscal year, analysts expect that the company will post earnings of $2.21 per share, with EPS estimates ranging from $2.06 to $2.46. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for PennyMac Mortgage Investment Trust.
PennyMac Mortgage Investment Trust (NYSE:PMT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The firm had revenue of $96.40 million during the quarter, compared to analyst estimates of $104.95 million. PennyMac Mortgage Investment Trust had a net margin of 47.03% and a return on equity of 13.29%. During the same quarter last year, the business earned $0.70 EPS.
In other PennyMac Mortgage Investment Trust news, insider Jeffrey Grogin sold 1,862 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $18.69, for a total transaction of $34,800.78. Following the transaction, the insider now owns 36,642 shares of the company’s stock, valued at approximately $684,838.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.45% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC increased its position in PennyMac Mortgage Investment Trust by 97.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,021 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,000 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of PennyMac Mortgage Investment Trust in the 2nd quarter worth approximately $45,000. NEXT Financial Group Inc grew its position in shares of PennyMac Mortgage Investment Trust by 334.0% in the 2nd quarter. NEXT Financial Group Inc now owns 2,756 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 2,121 shares during the last quarter. Signaturefd LLC grew its position in shares of PennyMac Mortgage Investment Trust by 229.1% in the 2nd quarter. Signaturefd LLC now owns 2,873 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 2,000 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of PennyMac Mortgage Investment Trust in the 1st quarter worth approximately $149,000. 70.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of PennyMac Mortgage Investment Trust stock traded up $0.30 during trading on Friday, hitting $22.07. The stock had a trading volume of 931,348 shares, compared to its average volume of 713,834. The company has a fifty day simple moving average of $21.95. The firm has a market capitalization of $1.49 billion, a PE ratio of 11.09, a PEG ratio of 2.03 and a beta of 0.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.38 and a current ratio of 0.43. PennyMac Mortgage Investment Trust has a 12 month low of $17.88 and a 12 month high of $22.62.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Monday, July 15th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.88 dividend on an annualized basis and a yield of 8.52%. PennyMac Mortgage Investment Trust’s payout ratio is 94.47%.
PennyMac Mortgage Investment Trust Company Profile
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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