Federal Agricultural Mortgage (NYSE:AGM) Issues Earnings Results

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

Federal Agricultural Mortgage Trading Up 0.8 %

Federal Agricultural Mortgage stock traded up $1.38 during trading hours on Wednesday, reaching $177.63. The company had a trading volume of 22,760 shares, compared to its average volume of 58,675. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.46 and a quick ratio of 0.46. Federal Agricultural Mortgage has a 12-month low of $140.44 and a 12-month high of $217.60. The company has a 50-day moving average price of $187.22 and a 200 day moving average price of $186.03. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 1.70 and a beta of 1.03.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Friday, June 14th. Federal Agricultural Mortgage’s dividend payout ratio is presently 34.15%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $215.00 target price on shares of Federal Agricultural Mortgage in a research report 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.