Pennymac Mortgage Investment Trust (PMT)
PennyMac Mortgage (PMT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for PennyMac Mortgage (PMT) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PennyMac Mortgage (PMT) Beats Q4 Earnings and Revenue Estimates
PennyMac Mortgage (PMT) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.44 per share a year ago.
Why Investors Need to Take Advantage of These 2 Finance Stocks Now
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
PennyMac Mortgage Investment Trust: Series C Preferred Shares Offer 8.2% Dividend Yield
PennyMac Mortgage Investment Trust's Series C preferred shares offer an 8.2% dividend yield and are recommended over other options due to their discount and income potential. Despite interest rate volatility, PennyMac's net income covers preferred dividends, with improved net interest income from higher rate mortgage investments. Mortgage servicing is cash flow positive, with 98% of serviced mortgages insured by Fannie Mae and Freddie Mac.
Are Investors Undervaluing PennyMac Mortgage Investment Trust (PMT) Right Now?
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.
PennyMac Mortgage (PMT) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for PennyMac Mortgage (PMT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
PennyMac Mortgage Investment Trust (PMT) Q3 2024 Earnings Call Transcript
PennyMac Mortgage Investment Trust (NYSE:PMT ) Q3 2024 Earnings Conference Call October 22, 2024 6:00 PM ET Company Participants David Spector - Chairman & Chief Executive Officer Dan Perotti - Chief Financial Officer Conference Call Participants Jason Weaver - Jones Trading Bose George - KBW Doug Harter - UBS Matthew Howlett - B. Riley Eric Hagen - BTIG Operator Good afternoon, and welcome to PennyMac Mortgage Investment Trust Third Quarter Earnings Call.
PennyMac Mortgage (PMT) Q3 Earnings and Revenues Miss Estimates
PennyMac Mortgage (PMT) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.51 per share a year ago.
Is PennyMac Mortgage Investment Trust (PMT) Stock Undervalued Right Now?
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.
8.25% Yield Preferred Share From PennyMac
PMT-A, a preferred share from PennyMac Mortgage Investment Trust, is currently trading at $24.82, with a stripped yield of 8.25% based on a fixed rate. PMT's management controversially attempted to convert fixed-to-floating shares into fixed-rate shares, leading to a lawsuit and market panic. If PMT-A switches to a floating rate, the yield would be approximately 10.5%, making it slightly undervalued at current prices.
Assessing PennyMac Mortgage's Performance For Q2 2024
PMT's quarterly BV fluctuation was very minor, with a 1.0% variance. Net interest spread showed minor outperformance with a $0.02 variance. PMT's segments/sub-portfolios performed as expected, with slight underperformance in some areas.
PennyMac Mortgage Investment Trust: Not Terrible But Not Attractive
PennyMac Mortgage Investment Trust offers a double-digit dividend yield, with the potential to grow if rates drop. The dividend history, however, has been one of a decline. Its investment income is complex for an mREIT, drawing from loan flipping, servicing fees, credit risk transfers, and hedging.
