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

Federal National Mortgage Association (OTCMKTS:FNMA) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.12, Yahoo Finance reports. The company had revenue of $37.73 billion for the quarter, compared to analysts’ expectations of $7.17 billion. Federal National Mortgage Association had a negative return on equity of 27.90% and a net margin of 12.43%.

Federal National Mortgage Association Stock Down 1.5 %

Shares of OTCMKTS FNMA traded down $0.02 during midday trading on Wednesday, reaching $1.30. 1,533,714 shares of the company’s stock were exchanged, compared to its average volume of 2,386,688. Federal National Mortgage Association has a 52-week low of $0.44 and a 52-week high of $1.99. The business’s fifty day moving average price is $1.43 and its two-hundred day moving average price is $1.43.

Analyst Ratings Changes

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

Federal National Mortgage Association Company Profile

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.