Federal Agricultural Mortgage (NYSE:AGM) Issues Quarterly Earnings Results

Federal Agricultural Mortgage (NYSE:AGM) announced its quarterly earnings data 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 net margin of 13.28% and a return on equity of 20.88%. The firm had revenue of $411.40 million during the quarter, compared to analyst estimates of $92.15 million. During the same period last year, the business posted $4.13 EPS.

Federal Agricultural Mortgage Stock Performance

Shares of 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 quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. The business has a 50 day moving average price of $186.10 and a 200-day moving average price of $185.71. The company has a market cap of $2.11 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.65 and a beta of 1.04.

Analyst Upgrades and Downgrades

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

Insider Activity at Federal Agricultural Mortgage

In related news, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction on Tuesday, September 10th. The stock was 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 directly owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the company’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 directly owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $184.55, for a total transaction of $126,416.75. Following the transaction, the director now directly owns 3,225 shares in the company, valued at approximately $595,173.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,967 shares of company stock valued at $729,487 over the last 90 days. Insiders own 2.21% of the company’s stock.

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.