Federal Agricultural Mortgage (NYSE:AGM) Releases Earnings Results, Misses Expectations By $0.04 EPS

Federal Agricultural Mortgage (NYSE:AGM) posted its quarterly earnings results on Monday. The credit services provider reported $4.10 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04), Zacks reports. Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. The business had revenue of $411.40 million for the quarter, compared to the consensus estimate of $92.15 million. During the same quarter in the previous year, the business posted $4.13 EPS.

Federal Agricultural Mortgage Trading Up 6.2 %

Federal Agricultural Mortgage stock opened at $193.51 on Wednesday. Federal Agricultural Mortgage has a 52 week low of $155.11 and a 52 week high of $217.60. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $2.11 billion, a P/E ratio of 11.81, a PEG ratio of 1.65 and a beta of 1.04. The stock has a 50-day simple moving average of $186.10 and a 200 day simple moving average of $185.71.

Insider Buying and Selling

In other news, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the sale, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the sale, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction that occurred on 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 owns 4,595 shares of the company’s stock, valued at approximately $868,133.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,967 shares of company stock worth $729,487. Company insiders own 2.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.