PennyMac Mortgage Investment Trust (PMT) Releases Earnings Results, Misses Expectations By $-0.18 EPS

PennyMac Mortgage Investment Trust (PMT) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.20 earnings per share for the quarter, missing the analyst consensus estimate by $-0.18. Analysts had a consensus of $0.38. The company posted revenue of $54.40 million in the period, compared to analysts expectations of $71.07 million. The company’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

PennyMac Mortgage Investment Trust (PMT) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $13.07 and reached the intraday high at $13.29. The bulls started the profit booking and pushed the shares to intraday low of $13.04. The trading session was marked by a volume range of 5,33,944 shares exchanging hands. The 52-week high of the shares is $20.99 and the 52-week low is $10.91. The market cap of the company stands at $951 M and there are 7,22,46,828 shares in public circulation.

In a different news, on Mar 4, 2016, Paul Dufauchard, Jr. Preston (director) purchased 1,000 shares at $13.35 per share price. According to the SEC, on Feb 26, 2016, David M Walker (Chief Risk Officer) sold 1,826 shares at $12.15 per share price. On Feb 26, 2016, Daniel Stanley Perotti (Chief Asset & Liability Mgt Of) sold 2,009 shares at $12.15 per share price, according to the Form-4 filing with the securities and exchange commission.

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations and makes all of its investments through PennyMac Operating Partnership L.P. and its subsidiaries. The Company operates through two segments. The correspondent production segment represents the Company’s operations aimed at serving as an intermediary between mortgage lenders and the capital markets by purchasing pooling and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities (MBS) using the services of PNMAC Capital Management and PennyMac Loan Services LLC. The investment activities segment represents the Company’s investments in mortgage-related assets which include distressed mortgage loans real estate acquired in settlement of loans MBS mortgage servicing rights and excess servicing spread.

PennyMac Mortgage Investment Trust

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