Shares of PennyMac Mortgage PMT rose in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share increased 41.82% year over year to $0.78, which beat the estimate of $0.70.
Revenue of $196,534,000 higher by 26.77% from the same period last year, which beat the estimate of $171,640,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
PennyMac Mortgage hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Feb 04, 2021
Time: 04:00 PM
Price Action
52-week high: $23.79
Company's 52-week low was at $3.50
Price action over last quarter: Up 18.56%
Company Description
PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as production and servicing of financial securities based on residential loans and pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The correspondent production segment, which generates income via purchasing, pooling, and reselling of loans or mortgage-backed securities accounts for roughly half of the company's income.
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