For its first fiscal quarter (ending March 31), PennyMac Mortgage Investment Tru (NYSE: PMT) has reported E.P.S. of $0.43 compared to $0.56 a year ago. For the latest four quarters through March 31, E.P.S. were $1.67 compared to $-0.38 a year ago.
Recent Price Action
PennyMac Mortgage Investment Tru (NYSE: PMT) stock declined modestly by -1.4% on 4/24/24. The stock closed at $13.72. This decline was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 3.4% during the last week.
Current PriceTarget Research Rating
PMT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
PennyMac Mortgage Investment Tru has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. PennyMac Mortgage Investment Tru has a slightly positive Power Rating of 64 and a very high Appreciation Score of 90, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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