American Capital Agency Corp. (AGNC) Releases Earnings Results, Beats Estimates By $0.07 EPS
American Capital Agency Corp. (NASDAQ:AGNC) issued its earnings results on Wednesday. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.07, Briefing.com reports. The business had revenue of $181 million for the quarter, compared to analysts’ expectations of $203.44 million. American Capital Agency Corp. had a return on equity of 11.46% and a net margin of 158.34%. The company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 EPS.
Shares of American Capital Agency Corp. (AGNC) traded up 0.55% on Wednesday, hitting $21.17. The stock had a trading volume of 6,353,218 shares. American Capital Agency Corp. has a one year low of $17.30 and a one year high of $22.34. The stock has a market cap of $7.01 billion, a P/E ratio of 4.86 and a beta of 0.21.
The firm also recently declared a jul 17 dividend, which will be paid on Monday, August 7th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, July 27th. American Capital Agency Corp.’s dividend payout ratio is 49.54%.
AGNC has been the topic of a number of recent research reports. Deutsche Bank AG lifted their target price on American Capital Agency Corp. from $18.50 to $19.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Zacks Investment Research upgraded American Capital Agency Corp. from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, May 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.50 target price on shares of American Capital Agency Corp. in a report on Tuesday, May 30th. BidaskClub cut American Capital Agency Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Finally, Wells Fargo & Company cut American Capital Agency Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 target price on the stock. in a report on Tuesday, April 11th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.87.
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In related news, Director Morris A. Davis sold 3,741 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $20.80, for a total value of $77,812.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.47% of the company’s stock.
About American Capital Agency Corp.
AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).
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