Federal Agricultural Mortgage (NYSE:AGM) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Federal Agricultural Mortgage (NYSE:AGM) issued its quarterly earnings results on Monday. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.04), Zacks reports. The company had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. During the same quarter last year, the firm posted $4.13 earnings per share.

Federal Agricultural Mortgage Stock Up 6.2 %

Shares of AGM opened at $193.51 on Wednesday. Federal Agricultural Mortgage has a one year low of $155.11 and a one year high of $217.60. The company has a market cap of $2.11 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.65 and a beta of 1.04. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a 50 day simple moving average of $186.10 and a two-hundred day simple moving average of $185.71.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $184.55, for a total transaction of $126,416.75. Following the completion of the transaction, the director now directly owns 3,225 shares in the company, valued at $595,173.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Sara Louise Faivre-Davis sold 685 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $184.55, for a total transaction of $126,416.75. Following the completion of the transaction, the director now directly owns 3,225 shares in the company, valued at approximately $595,173.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen P. Mullery sold 2,472 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the transaction, the executive vice president now owns 22,045 shares of the company’s stock, valued at $4,018,362.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,967 shares of company stock worth $729,487 over the last three months. Corporate insiders own 2.21% of the company’s stock.

Analysts Set New Price Targets

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

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.