PMT Stock - PennyMac Mortgage Investment Trust
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $504.60M | $725.87M | $-145,664,000 | $757.48M | $1.41B |
| Gross Profit | $380.50M | $603.76M | $-321,203,000 | $448.74M | $1.08B |
| Gross Margin | 75.4% | 83.2% | 220.5% | 59.2% | 76.3% |
| Operating Income | $331.33M | $558.23M | $-369,835,999 | $394.00M | $1.03B |
| Net Income | $160.98M | $199.65M | $-73,287,000 | $56.85M | $52.37M |
| Net Margin | 31.9% | 27.5% | 50.3% | 7.5% | 3.7% |
| EPS | $1.37 | $1.80 | $-1.26 | $0.26 | $0.27 |
PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company's Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds. Its Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency mortgage-backed securities (MBS), as well as related interest rate hedging activities. The company's Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. PennyMac Mortgage Investment Trust was founded in 2009 and is headquartered in Westlake Village, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 18th 2025 | Keefe Bruyette | Upgrade | Outperform | $13.5 |
| August 25th 2025 | Wells Fargo | Resumed | Equal Weight | $13 |
| July 25th 2025 | Keefe Bruyette | Downgrade | Market Perform | $13.5 |
| July 10th 2024 | Keefe Bruyette | Upgrade | Outperform | $15.5← $15 |
| January 10th 2024 | Deutsche Bank | Initiation | Hold | - |
| December 6th 2023 | UBS | Initiation | Neutral | $13.5 |
| February 17th 2023 | BTIG Research | Downgrade | Neutral | - |
| February 7th 2023 | Piper Sandler | Downgrade | Neutral | $15← $16 |
Earnings History & Surprises
PMTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 20, 2026 | — | — | — | — |
Q1 2026 | Jan 29, 2026 | $0.41 | — | — | — |
Q4 2025 | Oct 21, 2025 | $0.36 | $0.55 | +52.8% | ✓ BEAT |
Q3 2025 | Jul 22, 2025 | $0.35 | $-0.04 | -111.4% | ✗ MISS |
Q2 2025 | Apr 22, 2025 | $0.38 | $-0.01 | -102.6% | ✗ MISS |
Q1 2025 | Jan 30, 2025 | $0.37 | $0.41 | +10.8% | ✓ BEAT |
Q4 2024 | Oct 22, 2024 | $0.36 | $0.36 | 0.0% | = MET |
Q3 2024 | Jul 23, 2024 | $0.35 | $0.17 | -51.4% | ✗ MISS |
Q2 2024 | Apr 24, 2024 | $0.33 | $0.39 | +18.2% | ✓ BEAT |
Q1 2024 | Feb 1, 2024 | $0.32 | $0.44 | +37.5% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $0.30 | $0.51 | +70.0% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.35 | $0.16 | -54.3% | ✗ MISS |
Q2 2023 | Apr 27, 2023 | $0.33 | $0.50 | +51.5% | ✓ BEAT |
Q1 2023 | Feb 2, 2023 | $0.39 | $-0.07 | -117.9% | ✗ MISS |
Q4 2022 | Oct 27, 2022 | $0.41 | $0.01 | -97.6% | ✗ MISS |
Q3 2022 | Aug 2, 2022 | $0.40 | $-0.88 | -320.0% | ✗ MISS |
Q2 2022 | May 5, 2022 | $0.41 | $-0.32 | -178.0% | ✗ MISS |
Q1 2022 | Feb 3, 2022 | $0.49 | $-0.28 | -157.1% | ✗ MISS |
Q4 2021 | Nov 4, 2021 | $0.53 | $-0.45 | -184.9% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $0.60 | $0.32 | -46.7% | ✗ MISS |
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