Federal Agricultural Mortgage (NYSE:AGM) Releases Earnings Results, Beats Expectations By $0.02 EPS

Federal Agricultural Mortgage (NYSE:AGM) issued its earnings results on Monday. The credit services provider reported $3.96 EPS for the quarter, topping the consensus estimate of $3.94 by $0.02, Yahoo Finance reports. The business had revenue of $403.63 million during the quarter, compared to analysts’ expectations of $92.22 million. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. During the same quarter last year, the firm posted $3.56 earnings per share.

Federal Agricultural Mortgage Price Performance

Shares of NYSE:AGM opened at $179.01 on Thursday. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 10.92 and a beta of 1.08. The business has a 50 day moving average price of $187.43 and a 200 day moving average price of $179.56. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.51. Federal Agricultural Mortgage has a twelve month low of $122.96 and a twelve month high of $199.40.

Federal Agricultural Mortgage Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $1.40 dividend. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. This represents a $5.60 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 34.15%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $212.00 target price (down previously from $225.00) on shares of Federal Agricultural Mortgage in a research report on Wednesday.

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.