PennyMac Financial Services Inc (PFSI) Releases Earnings Results, Misses Expectations By $-0.31 EPS

PennyMac Financial Services Inc (PFSI) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.23 earnings per share for the quarter, missing the analyst consensus estimate by $-0.31. Analysts had a consensus of $0.54. The company posted revenue of $143.40 million in the period, compared to analysts expectations of $183.56 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on PennyMac Financial Services Inc. Shares were Reiterated by Compass Point on Mar 15, 2016 to “Buy” and Lowered the Price Target to $ 17 from a previous price target of $21 .

PennyMac Financial Services Inc closed down -0.13 points or -0.95% at $13.51 with 77,859 shares getting traded on Wednesday. Post opening the session at $13.54, the shares hit an intraday low of $13.36 and an intraday high of $13.602 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 4, 2016, Gregory L Hendry (MD, Chief Accounting Officer) sold 173 shares at $12.00 per share price. According to the SEC, on Dec 30, 2015, David M Walker (Chief Credit Officer) sold 6,138 shares at $16.15 per share price. On Nov 19, 2015, Emily Ann Youssouf (director) sold 435 shares at $16.18 per share price, according to the Form-4 filing with the securities and exchange commission.

PennyMac Financial Services Inc. (PFSI) is a specialty financial services firm. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production loan servicing (collectively mortgage banking) and investment management. PFSI’s principal mortgage banking subsidiary PennyMac Loan Services LLC (PLS) is a non-bank producer and servicer of mortgage loans in the United States. PLS services loans in 50 states of the United States the District of Columbia Guam and the United States Virgin Islands and originates loans in 49 states and the District of Columbia in the United States. The Company’s principal investment management subsidiary PNMAC Capital Management LLC (PCM) provides investment management services.

PennyMac Financial Services Inc

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