Federal Agricultural Mortgage (AGM) Set to Announce Quarterly Earnings on Monday

Federal Agricultural Mortgage (NYSE:AGM) will be announcing its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $4.14 per share for the quarter.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, August 5th. The credit services provider reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. The firm had revenue of $406.23 million for the quarter, compared to analysts’ expectations of $91.77 million. During the same period in the previous year, the company earned $3.86 EPS. On average, analysts expect Federal Agricultural Mortgage to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Federal Agricultural Mortgage Trading Up 0.3 %

NYSE:AGM opened at $186.11 on Thursday. Federal Agricultural Mortgage has a 52 week low of $146.68 and a 52 week high of $217.60. The firm has a 50 day moving average of $186.72 and a 200 day moving average of $185.51. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 1.67 and a beta of 1.04.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $1.40 per share. The ex-dividend date was Monday, September 16th. This represents a $5.60 dividend on an annualized basis and a yield of 3.01%. Federal Agricultural Mortgage’s payout ratio is 34.15%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $215.00 price target on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total transaction of $129,417.05. Following the transaction, the director now owns 4,595 shares in the company, valued at approximately $868,133.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total value of $450,596.16. Following the sale, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total transaction of $129,417.05. Following the completion of the sale, the director now owns 4,595 shares in the company, valued at $868,133.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,967 shares of company stock worth $729,487. 2.58% of the stock is owned by corporate insiders.

Federal Agricultural Mortgage Company Profile

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.