Equities analysts expect PennyMac Mortgage Investment Trust (NYSE:PMT) to report earnings per share of $0.39 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for PennyMac Mortgage Investment Trust’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.38. PennyMac Mortgage Investment Trust posted earnings of $0.20 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 95%. The business is scheduled to report its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that PennyMac Mortgage Investment Trust will report full-year earnings of $1.50 per share for the current financial year, with EPS estimates ranging from $1.49 to $1.50. For the next year, analysts anticipate that the business will report earnings of $1.76 per share, with EPS estimates ranging from $1.74 to $1.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover PennyMac Mortgage Investment Trust.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.10. The business had revenue of $82.99 million for the quarter, compared to analysts’ expectations of $70.85 million. PennyMac Mortgage Investment Trust had a net margin of 36.14% and a return on equity of 8.37%. During the same quarter in the prior year, the company earned $0.38 earnings per share.

PMT has been the topic of a number of recent research reports. Barclays upped their price objective on shares of PennyMac Mortgage Investment Trust from $15.00 to $18.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 25th. Zacks Investment Research upgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Saturday, May 12th. Finally, ValuEngine upgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research note on Friday.

PMT traded down $0.05 during midday trading on Monday, reaching $20.23. The company’s stock had a trading volume of 421,109 shares, compared to its average volume of 276,884. The stock has a market cap of $1.24 billion, a PE ratio of 15.56 and a beta of 0.41. 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 1 year low of $14.87 and a 1 year high of $20.41.

In other news, Director Marianne Sullivan bought 3,015 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were purchased at an average price of $19.95 per share, for a total transaction of $60,149.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Spector sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $18.62, for a total transaction of $130,340.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,790 shares of company stock worth $605,990. Insiders own 2.46% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in PennyMac Mortgage Investment Trust during the first quarter valued at approximately $192,000. Fox Run Management L.L.C. bought a new position in PennyMac Mortgage Investment Trust during the second quarter valued at approximately $208,000. Element Capital Management LLC bought a new position in PennyMac Mortgage Investment Trust during the first quarter valued at approximately $200,000. Profund Advisors LLC bought a new position in PennyMac Mortgage Investment Trust during the first quarter valued at approximately $201,000. Finally, Centaurus Financial Inc. bought a new position in PennyMac Mortgage Investment Trust during the second quarter valued at approximately $220,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

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

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