Analysts expect that AGNC Investment Corp. (NASDAQ:AGNC) will report earnings of $0.65 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for AGNC Investment’s earnings, with the highest EPS estimate coming in at $0.75 and the lowest estimate coming in at $0.61. AGNC Investment posted earnings of $0.67 per share in the same quarter last year, which indicates a negative year over year growth rate of 3%. The firm is expected to announce its next earnings report on Wednesday, July 25th.
On average, analysts expect that AGNC Investment will report full year earnings of $2.48 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.80. For the next year, analysts expect that the company will post earnings of $2.37 per share, with EPS estimates ranging from $2.00 to $2.87. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow AGNC Investment.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $225.00 million during the quarter, compared to analysts’ expectations of $240.82 million. AGNC Investment had a return on equity of 11.85% and a net margin of 122.47%. During the same quarter in the prior year, the business earned $0.64 earnings per share.
A number of analysts recently commented on AGNC shares. Zacks Investment Research upgraded AGNC Investment from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, April 3rd. ValuEngine cut AGNC Investment from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. Barclays reduced their price objective on AGNC Investment from $20.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, April 27th. Finally, BidaskClub cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Thursday, April 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. AGNC Investment presently has a consensus rating of “Hold” and a consensus target price of $19.55.
AGNC Investment opened at $18.76 on Tuesday, Marketbeat.com reports. The firm has a market cap of $7.93 billion and a P/E ratio of 7.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.24 and a quick ratio of 0.24. AGNC Investment has a one year low of $17.84 and a one year high of $21.94.
The business also recently declared a jun 18 dividend, which will be paid on Monday, July 9th. Shareholders of record on Friday, June 29th will be given a $0.18 dividend. The ex-dividend date is Thursday, June 28th. AGNC Investment’s payout ratio is 87.80%.
A number of institutional investors and hedge funds have recently modified their holdings of AGNC. Victory Capital Management Inc. increased its position in AGNC Investment by 154.5% in the fourth quarter. Victory Capital Management Inc. now owns 6,567 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 3,987 shares in the last quarter. Toronto Dominion Bank increased its position in AGNC Investment by 39.5% in the fourth quarter. Toronto Dominion Bank now owns 22,844 shares of the real estate investment trust’s stock worth $462,000 after buying an additional 6,473 shares in the last quarter. State of Wisconsin Investment Board increased its position in AGNC Investment by 37.7% in the fourth quarter. State of Wisconsin Investment Board now owns 481,764 shares of the real estate investment trust’s stock worth $9,727,000 after buying an additional 131,938 shares in the last quarter. Rhumbline Advisers increased its position in AGNC Investment by 0.9% in the fourth quarter. Rhumbline Advisers now owns 369,019 shares of the real estate investment trust’s stock worth $7,450,000 after buying an additional 3,222 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in AGNC Investment by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,909,949 shares of the real estate investment trust’s stock worth $38,563,000 after buying an additional 49,019 shares in the last quarter. Institutional investors and hedge funds own 61.63% of the company’s stock.
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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