Wall Street brokerages predict that AGNC Investment Corp. (NASDAQ:AGNC) will announce $0.61 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for AGNC Investment’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.63. AGNC Investment posted earnings per share of $0.62 during the same quarter last year, which suggests a negative year-over-year growth rate of 1.6%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, January 30th.
On average, analysts expect that AGNC Investment will report full year earnings of $2.45 per share for the current financial year, with EPS estimates ranging from $2.43 to $2.47. For the next year, analysts expect that the business will report earnings of $2.44 per share, with EPS estimates ranging from $2.35 to $2.61. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover AGNC Investment.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.02. AGNC Investment had a net margin of 125.99% and a return on equity of 12.05%. The firm had revenue of $188.00 million for the quarter, compared to analyst estimates of $324.65 million. During the same period in the prior year, the firm posted $0.62 earnings per share.
Shares of AGNC Investment stock traded up $0.11 during trading on Wednesday, hitting $18.00. 179,999 shares of the company’s stock traded hands, compared to its average volume of 5,273,662. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.28 and a quick ratio of 0.28. AGNC Investment has a 1 year low of $16.96 and a 1 year high of $19.85. The stock has a market capitalization of $9.39 billion, a PE ratio of 7.32, a price-to-earnings-growth ratio of 2.43 and a beta of 0.13.
The firm also recently declared a monthly dividend, which will be paid on Monday, February 11th. Stockholders of record on Thursday, January 31st will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, January 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.00%. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.
In other news, Director Larry K. Harvey bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 30th. The shares were purchased at an average price of $17.74 per share, with a total value of $70,960.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of AGNC. GSA Capital Partners LLP purchased a new position in shares of AGNC Investment during the 2nd quarter valued at $304,000. PNC Financial Services Group Inc. lifted its position in AGNC Investment by 30.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 61,396 shares of the real estate investment trust’s stock worth $1,142,000 after acquiring an additional 14,369 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in AGNC Investment by 89.1% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 19,530 shares of the real estate investment trust’s stock worth $363,000 after acquiring an additional 9,200 shares during the last quarter. Renaissance Technologies LLC acquired a new position in AGNC Investment during the 2nd quarter worth $6,128,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in AGNC Investment during the 2nd quarter worth $1,677,000. Hedge funds and other institutional investors own 58.62% of the company’s stock.
About AGNC Investment
AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).
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