Equities research analysts expect that AGNC Investment Corp. (NASDAQ:AGNC) will announce $0.65 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for AGNC Investment’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.75. AGNC Investment posted earnings per share of $0.67 during the same quarter last year, which would indicate a negative year-over-year growth rate of 3%. The business is scheduled to issue its next earnings results on Wednesday, July 25th.
On average, analysts expect that AGNC Investment will report full year earnings of $2.48 per share for the current year, with EPS estimates ranging from $2.35 to $2.80. For the next financial year, analysts expect that the firm will post earnings of $2.37 per share, with EPS estimates ranging from $2.00 to $2.87. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for AGNC Investment.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.60. The business had revenue of $225.00 million during the quarter, compared to the consensus estimate of $240.82 million. AGNC Investment had a net margin of 122.47% and a return on equity of 11.85%. During the same quarter last year, the firm earned $0.64 earnings per share.
Several brokerages have issued reports on AGNC. BidaskClub raised shares of AGNC Investment from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 15th. Zacks Investment Research downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. ValuEngine downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Maxim Group reissued a “buy” rating and issued a $19.25 price objective (down previously from $21.25) on shares of AGNC Investment in a research note on Thursday, April 26th. Finally, Barclays decreased their price objective on shares of AGNC Investment from $20.00 to $19.00 and set a “hold” rating for the company in a research note on Friday, April 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.55.
AGNC Investment traded up $0.22, hitting $19.00, during trading on Friday, according to Marketbeat. The stock had a trading volume of 4,080,705 shares, compared to its average volume of 4,294,117. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $8.08 billion and a P/E ratio of 7.72. AGNC Investment has a one year low of $17.84 and a one year high of $22.34.
The business also recently announced a jun 18 dividend, which will be paid on Monday, July 9th. Stockholders of record on Friday, June 29th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, June 28th. AGNC Investment’s dividend payout ratio (DPR) is presently 87.80%.
Several large investors have recently modified their holdings of the company. Wesbanco Bank Inc. increased its position in shares of AGNC Investment by 23.0% during the first quarter. Wesbanco Bank Inc. now owns 18,685 shares of the real estate investment trust’s stock worth $354,000 after acquiring an additional 3,500 shares during the period. Xact Kapitalforvaltning AB increased its position in shares of AGNC Investment by 5.7% during the first quarter. Xact Kapitalforvaltning AB now owns 133,041 shares of the real estate investment trust’s stock worth $2,517,000 after acquiring an additional 7,178 shares during the period. Assetmark Inc. increased its position in shares of AGNC Investment by 35.9% during the first quarter. Assetmark Inc. now owns 747,424 shares of the real estate investment trust’s stock worth $14,141,000 after acquiring an additional 197,440 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in shares of AGNC Investment by 15.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 144,526 shares of the real estate investment trust’s stock worth $2,734,000 after acquiring an additional 19,015 shares during the period. Finally, Ostrum Asset Management purchased a new position in shares of AGNC Investment during the first quarter worth approximately $537,000. 61.59% of the stock is currently owned by institutional investors and hedge funds.
About AGNC Investment
AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).
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