After finishing at $13.96 in the prior trading day, Pennymac Mortgage Investment Trust (NYSE: PMT) closed at $13.69, down -1.93%. In other words, the price has decreased by $+0.13 from its previous closing price. On the day, 1087814 shares were traded.
Ratios:
Our goal is to gain a better understanding of PMT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.89. In the meantime, Its Debt-to-Equity ratio is 5.35 whereas as Long-Term Debt/Eq ratio is at 0.99.
On December 06, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $13.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 11 ’24 when Jones Doug sold 7,810 shares for $14.34 per share. The transaction valued at 111,976 led to the insider holds 53,311 shares of the business.
Preston Paul DuFauchard, Jr. sold 4,961 shares of PMT for $69,561 on Mar 04 ’24. The Director now owns 44,282 shares after completing the transaction at $14.02 per share. On Mar 01 ’24, another insider, Carnahan Scott W., who serves as the Director of the company, sold 8,058 shares for $14.20 each. As a result, the insider received 114,427 and left with 1,718 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PMT now has a Market Capitalization of 1.19B. As of this moment, Pennymac’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.49, and their Forward P/E ratio for the next fiscal year is 9.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 8.78.
Stock Price History:
Over the past 52 weeks, PMT has reached a high of $15.89, while it has fallen to a 52-week low of $10.52. The 50-Day Moving Average of the stock is 14.11, while the 200-Day Moving Average is calculated to be 13.62.
Shares Statistics:
The stock has traded on average 631.05K shares per day over the past 3-months and 792.64k shares per day over the last 10 days, according to various share statistics. A total of 86.62M shares are outstanding, with a floating share count of 85.39M. Insiders hold about 1.45% of the company’s shares, while institutions hold 69.73% stake in the company. Shares short for PMT as of Mar 15, 2024 were 1.9M with a Short Ratio of 3.06, compared to 1.93M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.19% and a Short% of Float of 3.18%.
Dividends & Splits
In the trailing 12 months, PMT’s forward annual dividend rate was 1.60, compared to 2.00 this year. Against a Trailing Annual Dividend Yield of 11.80%, it implies a Forward Annual Dividend Yield of 11.02%. The stock’s 5-year Average Dividend Yield is 10.95.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of $0.32 for the current quarter, with a high estimate of $0.37 and a low estimate of $0.27, while EPS last year was $0.5. The consensus estimate for the next quarter is $0.32, with high estimates of $0.37 and low estimates of $0.19.
Analysts are recommending an EPS of between $1.62 and $1.02 for the fiscal current year, implying an average EPS of $1.33. EPS for the following year is $1.43, with 8 analysts recommending between $1.55 and $1.27.
Revenue Estimates
4 analysts predict $82.09M in revenue for the current quarter. It ranges from a high estimate of $90.6M to a low estimate of $71.8M. As of the current estimate, Pennymac Mortgage Investment Trust’s year-ago sales were $96.35M, an estimated decrease of -14.80% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $84.45M, a decrease of -21.90% less than the figure of -$14.80% in the same quarter last year. There is a high estimate of $100.35M for the next quarter, whereas the lowest estimate is $72.9M.
A total of 3 analysts have provided revenue estimates for PMT’s current fiscal year. The highest revenue estimate was $389.33M, while the lowest revenue estimate was $336.7M, resulting in an average revenue estimate of $354.46M. In the same quarter a year ago, actual revenue was $429.02M, down -17.40% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $393.03M in the next fiscal year. The high estimate is $441.26M and the low estimate is $349.22M. The average revenue growth estimate for next year is up 10.90% from the average revenue estimate for this year.
