35.04 +0.01 (0.03%)
After hours: 7:33PM EDT
|Bid||34.01 x 1000|
|Ask||35.99 x 1000|
|Day's range||34.44 - 35.58|
|52-week range||13.14 - 39.57|
|Beta (5Y monthly)||1.13|
|PE ratio (TTM)||4.35|
|Earnings date||30 Jul 2020 - 03 Aug 2020|
|Forward dividend & yield||0.48 (1.43%)|
|Ex-dividend date||15 May 2020|
|1y target est||41.86|
PennyMac (PFSI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
PennyMac Financial Services (NYSE: PFSI) saw a pleasant pop in its share price after announcing the results for its Q1 of fiscal 2020. On the bottom line, the company netted just over $306 million, or $3.73 per diluted share. Before the SARS-CoV-2 coronavirus outbreak exploded, PennyMac had benefited greatly from a frothy economy and very low interest rates, a combination that is ideal for home buying (and therefore one of the company's core activities, mortgage origination).
Good afternoon, and welcome to the first-quarter 2020 earnings discussion for PennyMac Financial Services, Inc. The slides that accompany this discussion are available on PennyMac Financial's website at ir.pennymacfinancial.com. Now I would like to begin by introducing David Spector, PennyMac Financial's president and chief executive officer, who will review the company's first-quarter 2020 results. PennyMac Financial reported record earnings in the first quarter, driven by continued strong production results, combined with substantial gains on our interest rate hedge investments, which more than offset fair value losses on mortgage servicing rights.
PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $306.2 million for the first quarter of 2020, or $3.73 per share on a diluted basis, on revenue of $721.8 million. Book value per share increased to $29.85 from $26.26 at December 31, 2019.
PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended March 31, 2020 in a news release to be issued after the market close on Thursday, May 7, 2020. The release will be available online at www.ir.pennymacfinancial.com.
PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it will host its 2020 Annual Meeting of Stockholders (the "Annual Meeting") virtually by means of a live webcast due to the public health concerns resulting from the coronavirus disease 2019 (COVID-19) and to prioritize the health and well-being of the Company’s stockholders, employees and other meeting participants.
PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it has completed an agreement for new servicing advance financing through PNMAC GMSR ISSUER TRUST (the "Trust"), an indirect, wholly owned subsidiary of PFSI. Under this agreement, the Trust has issued new GMSR Servicing Advance Notes. The structure enhancement, which has been in development since early 2019, will provide PFSI enhanced liquidity to directly support its servicing advance obligations to Ginnie Mae and its security holders as necessary and afford borrowers critical relief as required under the recently enacted CARES Act.
PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it will hold its 2020 Annual Meeting of Stockholders at 11:00 a.m. Pacific Daylight Time on Thursday, May 28, 2020, at the Company’s headquarters located at 3043 Townsgate Road, Westlake Village, CA 91361. Stockholders of record as of the close of business on March 30, 2020 are entitled to receive notice of, to attend, and to vote at the annual meeting.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
BOSTON, Jan. 21, 2020 -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors and whistleblowers nationwide, is providing an update.
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