Federal Home Loan Mortgage (OTCMKTS:FMCC) Issues Earnings Results

Federal Home Loan Mortgage (OTCMKTS:FMCC) announced its earnings results on Thursday. The company reported $0.01 EPS for the quarter, Zacks reports. The business had revenue of $6.33 billion during the quarter. Federal Home Loan Mortgage had a net margin of 9.74% and a negative return on equity of 33.18%.

Federal Home Loan Mortgage Stock Up 5.4 %

Shares of OTCMKTS FMCC traded up $0.33 during midday trading on Friday, reaching $6.45. 5,512,436 shares of the stock were exchanged, compared to its average volume of 8,475,271. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of -107.48 and a beta of 2.09. Federal Home Loan Mortgage has a twelve month low of $0.94 and a twelve month high of $7.15. The firm has a 50-day simple moving average of $4.47 and a two-hundred day simple moving average of $2.58.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered shares of Federal Home Loan Mortgage from a “market perform” rating to an “underperform” rating and increased their price objective for the company from $4.00 to $4.50 in a research report on Monday, January 27th.

Federal Home Loan Mortgage Company Profile

Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.