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

Federal Agricultural Mortgage (NYSE:AGM) announced its quarterly earnings data on Monday. The credit services provider reported $3.96 EPS for the quarter, beating the consensus estimate of $3.94 by $0.02, Yahoo Finance reports. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. The company had revenue of $403.63 million for the quarter, compared to the consensus estimate of $92.22 million. During the same quarter in the prior year, the company posted $3.56 EPS.

Federal Agricultural Mortgage Price Performance

Shares of AGM stock opened at $179.01 on Thursday. Federal Agricultural Mortgage has a twelve month low of $122.96 and a twelve month high of $199.40. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.51. The stock has a fifty day simple moving average of $187.43 and a two-hundred day simple moving average of $179.56. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 10.92 and a beta of 1.08.

Federal Agricultural Mortgage Increases Dividend

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

Analyst Ratings Changes

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

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.