PennyMac Mortgage released its earnings results on Jul 27, 2023. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.333 by -$0.173.

Is PennyMac Mortgage overvalued?

According to Wall Street analysts PennyMac Mortgage’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does PennyMac Mortgage pay dividends?

PennyMac Mortgage pays a Quarterly dividend of $0.4 which represents an annual dividend yield of 13.81%. See more information on PennyMac Mortgage dividends here

What is PennyMac Mortgage’s EPS estimate?

PennyMac Mortgage’s EPS estimate is $0.33.

How many shares outstanding does PennyMac Mortgage have?

PennyMac Mortgage has 86,760,410 shares outstanding.

What happened to PennyMac Mortgage’s price movement after its last earnings report?

PennyMac Mortgage reported an EPS of $0.16 in its last earnings report, missing expectations of $0.333. Following the earnings report the stock price went down -8.879%.

Which hedge fund is a major shareholder of PennyMac Mortgage?

Among the largest hedge funds holding PennyMac Mortgage’s share is Caxton Associates LP. It holds PennyMac Mortgage’s shares valued at 343K.

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PennyMac Mortgage Stock Smart Score

Neutral

Fundamentals

Return on Equity

5.07%

Trailing 12-Months

Asset Growth

1.27%

Trailing 12-Months

The PennyMac Mortgage stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

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Company Description

PennyMac Mortgage

PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities. The Correspondent Production segment deals with purchasing, pooling, and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities in capital markets. The Credit Sensitive Strategies segment includes investments in distressed mortgage loans, real estate acquired in settlement of mortgage loans, real estate held for investment, credit risk transfer agreements, non-agency subordinated bonds, and small balance commercial real estate mortgage loans. The Interest Rate Sensitive Strategies segment focuses on investments in mortgage servicing rights, excess servicing spread, agency and senior non-agency mortgage-backed securities, and the related interest rate hedging activities. The Corporate segment consists of certain interest income, management fee, and corporate expense amounts. The company was founded by Stanford L. Kurland on May 18, 2009 and is headquartered in Westlake Village, CA.

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