Brokerages Expect AGNC Investment Corp. (AGNC) to Announce $0.61 EPS

Wall Street brokerages expect that AGNC Investment Corp. (NASDAQ:AGNC) will announce earnings per share of $0.61 for the current quarter, Zacks reports. Zero analysts have issued estimates for AGNC Investment’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.60. AGNC Investment posted earnings per share of $0.64 during the same quarter last year, which indicates a negative year-over-year growth rate of 4.7%. The company is expected to announce its next quarterly earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that AGNC Investment will report full-year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.53 to $2.56. For the next fiscal year, analysts anticipate that the company will post earnings of $2.39 per share, with EPS estimates ranging from $2.19 to $2.57. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for AGNC Investment.

AGNC Investment (NASDAQ:AGNC) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $178.00 million for the quarter, compared to analyst estimates of $177.50 million. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. During the same period last year, the company earned $0.67 earnings per share.

AGNC has been the topic of several research analyst reports. Zacks Investment Research raised AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, October 24th. Maxim Group reaffirmed a “buy” rating and issued a $21.25 price target on shares of AGNC Investment in a research report on Friday, October 27th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and issued a $19.00 price target on shares of AGNC Investment in a research report on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. AGNC Investment has an average rating of “Hold” and an average target price of $20.18.

Several large investors have recently modified their holdings of AGNC. Wells Fargo & Company MN grew its position in AGNC Investment by 71.0% during the third quarter. Wells Fargo & Company MN now owns 11,306,947 shares of the real estate investment trust’s stock worth $245,135,000 after buying an additional 4,695,908 shares in the last quarter. Janus Henderson Group PLC grew its position in AGNC Investment by 33.3% during the third quarter. Janus Henderson Group PLC now owns 2,672,335 shares of the real estate investment trust’s stock worth $57,936,000 after buying an additional 668,185 shares in the last quarter. Legal & General Group Plc grew its position in AGNC Investment by 6.7% during the third quarter. Legal & General Group Plc now owns 2,247,884 shares of the real estate investment trust’s stock worth $48,731,000 after buying an additional 140,831 shares in the last quarter. Allianz Asset Management GmbH grew its position in AGNC Investment by 18.7% during the third quarter. Allianz Asset Management GmbH now owns 2,196,593 shares of the real estate investment trust’s stock worth $47,622,000 after buying an additional 345,292 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in AGNC Investment by 71.2% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,994,575 shares of the real estate investment trust’s stock worth $43,242,000 after buying an additional 829,600 shares in the last quarter. 65.71% of the stock is currently owned by institutional investors.

Shares of AGNC Investment (NASDAQ AGNC) traded up $0.12 during trading hours on Friday, hitting $20.02. The stock had a trading volume of 4,941,867 shares, compared to its average volume of 4,586,911. The firm has a market capitalization of $7,833.75, a P/E ratio of 7.88 and a beta of 0.14. AGNC Investment has a 12 month low of $17.30 and a 12 month high of $22.34. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.05.

The firm also recently declared a nov 17 dividend, which will be paid on Friday, December 8th. Stockholders of record on Thursday, November 30th will be given a $0.18 dividend. This represents a dividend yield of 11%. The ex-dividend date is Wednesday, November 29th. AGNC Investment’s dividend payout ratio is currently 53.20%.

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AGNC Investment Company Profile

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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