Federal Agricultural Mortgage (NYSE:AGM) Announces Earnings Results, Beats Expectations By $0.46 EPS

Federal Agricultural Mortgage (NYSE:AGM) released its earnings results on Friday. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.46, RTT News reports. The firm had revenue of $101.26 million during the quarter, compared to the consensus estimate of $92.81 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. During the same period in the previous year, the firm earned $4.10 earnings per share.

Federal Agricultural Mortgage Stock Up 6.4 %

AGM traded up $12.55 during trading on Friday, hitting $208.22. The company had a trading volume of 73,753 shares, compared to its average volume of 27,578. The company has a market cap of $2.27 billion, a PE ratio of 13.39, a P/E/G ratio of 1.59 and a beta of 1.08. The business has a 50-day moving average of $196.77 and a 200-day moving average of $194.30. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.49 and a quick ratio of 0.49. Federal Agricultural Mortgage has a 1-year low of $169.17 and a 1-year high of $217.60.

Federal Agricultural Mortgage Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $1.50 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 2.88%. Federal Agricultural Mortgage’s dividend payout ratio is currently 36.01%.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the completion of the sale, the chief executive officer now owns 41,104 shares in the company, valued at $8,770,360.48. The trade was a 10.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.58% of the stock is currently owned by corporate insiders.

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.