Brokerages expect that PennyMac Mortgage Investment Trust (NYSE:PMT) will post earnings per share of $0.34 for the current quarter, according to Zacks. Zero analysts have made estimates for PennyMac Mortgage Investment Trust’s earnings. PennyMac Mortgage Investment Trust posted earnings of $0.44 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 22.7%. The firm is scheduled to announce its next earnings results on Thursday, February 1st.

On average, analysts expect that PennyMac Mortgage Investment Trust will report full year earnings of $1.32 per share for the current year, with EPS estimates ranging from $1.31 to $1.32. For the next fiscal year, analysts expect that the company will post earnings of $1.63 per share, with EPS estimates ranging from $1.56 to $1.69. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow PennyMac Mortgage Investment Trust.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.18). PennyMac Mortgage Investment Trust had a return on equity of 7.59% and a net margin of 36.07%. The business had revenue of $75.80 million for the quarter, compared to analysts’ expectations of $81.72 million. During the same period in the previous year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was down 26.6% on a year-over-year basis.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Keefe, Bruyette & Woods cut shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $19.00 to $18.00 in a research note on Tuesday, October 10th. BidaskClub upgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, ValuEngine upgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.50.

PennyMac Mortgage Investment Trust (NYSE:PMT) traded down $0.41 during mid-day trading on Wednesday, hitting $15.86. 676,200 shares of the stock traded hands, compared to its average volume of 490,047. PennyMac Mortgage Investment Trust has a one year low of $14.87 and a one year high of $18.46. The firm has a market cap of $1,066.79, a PE ratio of 11.46 and a beta of 0.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.78 and a quick ratio of 0.78.

In other PennyMac Mortgage Investment Trust news, insider David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $17.61, for a total transaction of $330,187.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 75,000 shares of company stock valued at $1,299,563 in the last quarter. Company insiders own 2.08% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its position in PennyMac Mortgage Investment Trust by 4.4% during the second quarter. Public Employees Retirement System of Ohio now owns 7,207 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 304 shares during the last quarter. M&T Bank Corp grew its holdings in shares of PennyMac Mortgage Investment Trust by 4.8% during the second quarter. M&T Bank Corp now owns 10,900 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 500 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of PennyMac Mortgage Investment Trust by 2.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 21,153 shares of the real estate investment trust’s stock worth $387,000 after buying an additional 533 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of PennyMac Mortgage Investment Trust by 6.0% during the second quarter. Principal Financial Group Inc. now owns 14,489 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 817 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in shares of PennyMac Mortgage Investment Trust by 6.9% during the second quarter. Aperio Group LLC now owns 14,448 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 930 shares in the last quarter. Institutional investors own 62.95% of the company’s stock.

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About PennyMac Mortgage Investment Trust

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. (its Operating Partnership) and its subsidiaries.

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

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