Federal Agricultural Mortgage (NYSE:AGM) Releases Earnings Results, Misses Estimates By $0.46 EPS

Federal Agricultural Mortgage (NYSE:AGM) announced its earnings results on Monday. The credit services provider reported $3.63 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.46), Yahoo Finance reports. Federal Agricultural Mortgage had a net margin of 13.79% and a return on equity of 22.01%. The company had revenue of $406.23 million for the quarter, compared to analysts’ expectations of $91.77 million. During the same period in the prior year, the company earned $3.86 earnings per share.

Federal Agricultural Mortgage Stock Up 2.5 %

NYSE AGM traded up $4.47 during trading on Wednesday, reaching $180.72. 6,863 shares of the company’s stock were exchanged, compared to its average volume of 58,579. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.38. Federal Agricultural Mortgage has a fifty-two week low of $140.44 and a fifty-two week high of $217.60. The company’s fifty day simple moving average is $187.22 and its 200-day simple moving average is $186.03. The firm has a market capitalization of $1.97 billion, a PE ratio of 10.75, a P/E/G ratio of 1.70 and a beta of 1.03.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Friday, June 14th. Federal Agricultural Mortgage’s payout ratio is 34.15%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $215.00 price objective on shares of Federal Agricultural Mortgage in a research note on Tuesday.

About Federal Agricultural Mortgage

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.