Pennymac Financial Services (PFSI) Reports Q1 EPS of 23c

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Go back to Pennymac Financial Services (PFSI) Reports Q1 EPS of 23c

Piper Jaffray Cuts Price Target on Pennymac Financial Services (PFSI) Following 1Q Miss; Reiterates Overweight

May 9, 2016 8:42 AM EDT

Piper Jaffray maintained an Overweight rating on Pennymac Financial Services (NYSE: PFSI), and cut the price target to $18.00 (from $19.00), following the company's 1Q earnings report. PFSI reported a net revenue of $143M, missing consensus' estimate of $187M. EPS of $0.23 missed consensus at $0.56. The top and bottom line misses... More