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Shares of PennyMac Mortgage (NYSE:PMT) rose in after-market trading after the company reported Q4 results.
Quarterly Results
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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.
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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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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.