Federal National Mortgage Association (OTCMKTS:FNMA) Releases Earnings Results, Beats Estimates By $0.05 EPS

Federal National Mortgage Association (OTCMKTS:FNMA) posted its quarterly earnings results on Thursday. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05, Yahoo Finance reports. Federal National Mortgage Association had a net margin of 11.22% and a negative return on equity of 30.10%. The company had revenue of $38.14 billion for the quarter, compared to analysts’ expectations of $7.17 billion.

Federal National Mortgage Association Price Performance

OTCMKTS:FNMA opened at $1.30 on Friday. Federal National Mortgage Association has a 1 year low of $0.68 and a 1 year high of $1.99. The business has a fifty day simple moving average of $1.27 and a two-hundred day simple moving average of $1.35.

Federal National Mortgage Association Company Profile

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.