Federal Agricultural Mortgage (AGM) to Release Quarterly Earnings on Monday
Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) will be releasing its earnings data after the market closes on Monday, August 5th. Analysts expect Federal Agricultural Mortgage to post earnings of $4.09 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) last released its earnings results on Monday, May 6th. The credit services provider reported $3.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.94 by $0.02. The company had revenue of $403.63 million for the quarter, compared to the consensus estimate of $92.22 million. Federal Agricultural Mortgage had a net margin of 13.79% and a return on equity of 22.01%. During the same quarter in the previous year, the company earned $3.56 EPS. On average, analysts expect Federal Agricultural Mortgage to post $17 EPS for the current fiscal year and $18 EPS for the next fiscal year.
Federal Agricultural Mortgage Trading Up 1.2 %
NYSE:AGM opened at $215.18 on Monday. Federal Agricultural Mortgage has a 12 month low of $140.44 and a 12 month high of $217.60. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.84 and a beta of 1.03. The firm has a fifty day simple moving average of $184.42 and a two-hundred day simple moving average of $185.25.
Federal Agricultural Mortgage Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $1.40 dividend. The ex-dividend date was Friday, June 14th. This represents a $5.60 annualized dividend and a dividend yield of 2.60%. Federal Agricultural Mortgage’s dividend payout ratio is presently 34.15%.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $212.00 price target (down previously from $225.00) on shares of Federal Agricultural Mortgage in a report on Wednesday, May 8th.
Read Our Latest Research Report on Federal Agricultural Mortgage
Federal Agricultural Mortgage Company Profile
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company’s Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.
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