Federal National Mortgage Association (OTCMKTS:FNMA) Issues Earnings Results, Beats Estimates By $0.12 EPS

Federal National Mortgage Association (OTCMKTS:FNMA) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.12, Yahoo Finance reports. The firm had revenue of $37.73 billion during the quarter, compared to the consensus estimate of $7.17 billion. Federal National Mortgage Association had a negative return on equity of 29.08% and a net margin of 11.80%.

Federal National Mortgage Association Trading Down 1.5 %

OTCMKTS:FNMA opened at $1.28 on Thursday. The stock has a fifty day moving average price of $1.43 and a two-hundred day moving average price of $1.43. Federal National Mortgage Association has a 1 year low of $0.44 and a 1 year high of $1.99.

Wall Street Analyst Weigh In

Separately, Wedbush raised Federal National Mortgage Association to a “strong sell” rating in a report on Monday, June 17th.

About Federal National Mortgage Association

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.