Federal Agricultural Mortgage (AGM) Set to Announce Earnings on Monday

Federal Agricultural Mortgage (NYSE:AGM) will announce its earnings results before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $3.94 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings results on Friday, February 23rd. The credit services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.70 by $0.40. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. The business had revenue of $354.15 million during the quarter, compared to the consensus estimate of $86.86 million. During the same quarter in the prior year, the firm earned $3.16 EPS. On average, analysts expect Federal Agricultural Mortgage to post $17 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Federal Agricultural Mortgage Trading Up 0.4 %

NYSE AGM opened at $194.22 on Friday. The firm’s 50 day moving average price is $187.07 and its two-hundred day moving average price is $178.30. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.46 and a current ratio of 0.46. Federal Agricultural Mortgage has a twelve month low of $122.96 and a twelve month high of $199.40. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 12.28 and a beta of 1.08.

Federal Agricultural Mortgage Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $1.40 per share. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. The ex-dividend date was Thursday, March 14th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.88%. Federal Agricultural Mortgage’s payout ratio is currently 35.42%.

Federal Agricultural Mortgage Company Profile

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.