Federal Agricultural Mortgage (NYSE:AGM) Posts Earnings Results, Misses Expectations By $0.84 EPS

Federal Agricultural Mortgage (NYSE:AGM) announced its quarterly earnings data on Thursday. The credit services provider reported $3.66 EPS for the quarter, missing the consensus estimate of $4.50 by ($0.84), FiscalAI reports. The firm had revenue of $101.39 million for the quarter, compared to the consensus estimate of $107.45 million. Federal Agricultural Mortgage had a net margin of 13.38% and a return on equity of 18.63%.

Federal Agricultural Mortgage Stock Performance

Shares of NYSE:AGM traded down $0.06 during trading on Thursday, hitting $174.59. The company’s stock had a trading volume of 87,663 shares, compared to its average volume of 111,401. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 0.82 and a beta of 0.99. Federal Agricultural Mortgage has a 12 month low of $155.00 and a 12 month high of $212.24. The company has a 50-day moving average of $174.87 and a 200-day moving average of $176.06.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several large investors have recently made changes to their positions in the business. Bradley Foster & Sargent Inc. CT lifted its stake in Federal Agricultural Mortgage by 6.5% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 1,338 shares of the credit services provider’s stock worth $235,000 after purchasing an additional 82 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Federal Agricultural Mortgage by 1.5% in the second quarter. California State Teachers Retirement System now owns 8,640 shares of the credit services provider’s stock valued at $1,679,000 after purchasing an additional 127 shares during the period. MML Investors Services LLC lifted its holdings in shares of Federal Agricultural Mortgage by 9.7% in the 4th quarter. MML Investors Services LLC now owns 1,639 shares of the credit services provider’s stock worth $288,000 after buying an additional 145 shares during the period. Acadian Asset Management LLC bought a new position in Federal Agricultural Mortgage during the 1st quarter worth about $34,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Federal Agricultural Mortgage during the fourth quarter valued at approximately $40,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AGM has been the subject of several recent research reports. Wall Street Zen raised shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Keefe, Bruyette & Woods raised shares of Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from $217.00 to $219.00 in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Federal Agricultural Mortgage currently has an average rating of “Moderate Buy” and an average price target of $219.00.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.