Federal Agricultural Mortgage Corp. (AGM) Posts Quarterly Earnings Results, Beats Expectations By $1.03 EPS
Federal Agricultural Mortgage Corp. (NYSE:AGM) issued its quarterly earnings data on Monday. The company reported $2.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $1.03, Analyst Ratings Network reports.
A number of analysts have recently weighed in on AGM shares. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Federal Agricultural Mortgage Corp. from $46.00 to $43.00 in a research note on Friday, May 16th. Analysts at Compass Point cut their price target on shares of Federal Agricultural Mortgage Corp. from $42.00 to $37.00 in a research note on Tuesday, May 13th. They now have a “buy” rating on the stock.
Federal Agricultural Mortgage Corp. (NYSE:AGM) traded up 8.96% during mid-day trading on Monday, hitting $31.565. The stock had a trading volume of 54,803 shares. Federal Agricultural Mortgage Corp. has a one year low of $28.00 and a one year high of $36.77. The stock’s 50-day moving average is $30.07 and its 200-day moving average is $31.74. The company has a market cap of $344.8 million and a P/E ratio of 5.78.
The Federal Agricultural Mortgage Corporation (NYSE:AGM) is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose.
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