Federal Agricultural Mortgage Corporation (AGM) Scheduled to Post Quarterly Earnings on Tuesday
Federal Agricultural Mortgage Corporation (NYSE:AGM) will issue its quarterly earnings data before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $1.46 per share for the quarter.
Federal Agricultural Mortgage Corporation (NYSE:AGM) last announced its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.12. Federal Agricultural Mortgage Corporation had a return on equity of 15.01% and a net margin of 24.02%. The firm had revenue of $43.48 million during the quarter. On average, analysts expect Federal Agricultural Mortgage Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Federal Agricultural Mortgage Corporation (NYSE:AGM) opened at 73.57 on Tuesday. The company has a 50-day moving average price of $72.35 and a 200 day moving average price of $66.21. Federal Agricultural Mortgage Corporation has a 12-month low of $39.09 and a 12-month high of $77.78. The firm has a market capitalization of $780.14 million, a PE ratio of 10.14 and a beta of 1.18.
A number of research analysts have issued reports on AGM shares. TheStreet cut shares of Federal Agricultural Mortgage Corporation from a “b-” rating to a “c+” rating in a report on Friday, August 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Federal Agricultural Mortgage Corporation in a report on Thursday, September 21st. Finally, BidaskClub cut shares of Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th.
In other Federal Agricultural Mortgage Corporation news, Director Lowell Junkins sold 775 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $64.80, for a total value of $50,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy L. Buzby sold 937 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $74.87, for a total transaction of $70,153.19. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,856 shares of company stock valued at $2,244,371. 3.75% of the stock is currently owned by corporate insiders.
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About Federal Agricultural Mortgage Corporation
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.
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