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

Federal Agricultural Mortgage (NYSE:AGM) is scheduled to announce its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $4.14 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. The company had revenue of $406.23 million for the quarter, compared to analyst estimates of $91.77 million. During the same period last year, the firm earned $3.86 earnings per share. On average, analysts expect Federal Agricultural Mortgage to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Federal Agricultural Mortgage Stock Up 0.6 %

Shares of Federal Agricultural Mortgage stock opened at $184.36 on Friday. Federal Agricultural Mortgage has a 12 month low of $155.11 and a 12 month high of $217.60. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. The stock has a market cap of $2.01 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04. The business has a fifty day simple moving average of $186.33 and a 200 day simple moving average of $185.53.

Federal Agricultural Mortgage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $1.40 dividend. The ex-dividend date was Monday, September 16th. This represents a $5.60 dividend on an annualized basis and a yield of 3.04%. Federal Agricultural Mortgage’s payout ratio is 34.19%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $215.00 target price on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total value of $129,417.05. Following the completion of the transaction, the director now directly owns 4,595 shares of the company’s stock, valued at approximately $868,133.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $188.93, for a total value of $129,417.05. Following the sale, the director now directly owns 4,595 shares in the company, valued at $868,133.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total value of $450,596.16. Following the completion of the sale, the executive vice president now owns 22,045 shares in the company, valued at approximately $4,018,362.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,967 shares of company stock valued at $729,487. Company insiders own 2.58% of the company’s stock.

About Federal Agricultural Mortgage

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.