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

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

Federal Agricultural Mortgage Price Performance

NYSE:AGM traded up $5.03 during trading hours on Tuesday, reaching $187.25. 10,474 shares of the company were exchanged, compared to its average volume of 53,724. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68. The firm has a market cap of $2.04 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.65 and a beta of 1.04. Federal Agricultural Mortgage has a twelve month low of $155.11 and a twelve month high of $217.60. The stock’s 50-day moving average is $186.11 and its 200-day moving average is $185.64.

Federal Agricultural Mortgage Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $1.40 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $5.60 dividend on an annualized basis and a yield of 2.99%. Federal Agricultural Mortgage’s dividend payout ratio is currently 34.19%.

Insider Activity

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 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 directly owns 4,595 shares in the company, valued at approximately $868,133.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction 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 sale, the director now owns 4,595 shares of the company’s stock, valued at $868,133.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the sale, 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 have sold a total of 3,967 shares of company stock worth $729,487 over the last 90 days. 2.21% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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