Equities research analysts forecast that AGNC Investment Corp. (NASDAQ:AGNC) will post $0.50 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for AGNC Investment’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.48. AGNC Investment posted earnings per share of $0.63 in the same quarter last year, which would suggest a negative year over year growth rate of 20.6%. The company is expected to announce its next quarterly earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that AGNC Investment will report full-year earnings of $2.02 per share for the current year, with EPS estimates ranging from $1.97 to $2.08. For the next year, analysts anticipate that the firm will report earnings of $2.05 per share, with EPS estimates ranging from $1.96 to $2.12. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for AGNC Investment.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04). The business had revenue of $164.00 million for the quarter, compared to the consensus estimate of $327.08 million. AGNC Investment had a negative net margin of 4.10% and a positive return on equity of 11.71%. During the same period in the prior year, the business posted $0.60 EPS.
Several equities research analysts recently issued reports on AGNC shares. TheStreet raised AGNC Investment from a “d+” rating to a “c” rating in a research note on Thursday, April 25th. Zacks Investment Research raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. ValuEngine raised AGNC Investment from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Nomura began coverage on AGNC Investment in a research note on Wednesday, March 27th. They set a “neutral” rating and a $18.00 price target for the company. Finally, UBS Group began coverage on AGNC Investment in a research note on Friday. They issued a “neutral” rating and a $16.50 target price for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. AGNC Investment currently has a consensus rating of “Hold” and an average price target of $18.25.
NASDAQ:AGNC traded up $0.11 during trading hours on Tuesday, hitting $16.94. 206,434 shares of the company’s stock traded hands, compared to its average volume of 5,294,023. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 7.22, a P/E/G ratio of 2.78 and a beta of 0.22. AGNC Investment has a 52 week low of $16.19 and a 52 week high of $19.72. The company has a fifty day moving average of $17.01. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.03.
The company also recently announced a jun 19 dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, June 27th. AGNC Investment’s dividend payout ratio (DPR) is 81.70%.
In other AGNC Investment news, CEO Gary D. Kain acquired 7,500 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were acquired at an average cost of $17.01 per share, with a total value of $127,575.00. Following the transaction, the chief executive officer now owns 1,300 shares of the company’s stock, valued at approximately $22,113. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary D. Kain acquired 97,802 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $17.73 per share, for a total transaction of $1,734,029.46. Following the completion of the transaction, the chief executive officer now directly owns 1,300 shares in the company, valued at approximately $23,049. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc lifted its position in AGNC Investment by 14.0% in the 3rd quarter. Vanguard Group Inc now owns 41,306,726 shares of the real estate investment trust’s stock valued at $769,544,000 after acquiring an additional 5,066,044 shares in the last quarter. Advisors Asset Management Inc. lifted its position in AGNC Investment by 25.8% in the 4th quarter. Advisors Asset Management Inc. now owns 473,660 shares of the real estate investment trust’s stock valued at $8,308,000 after acquiring an additional 97,129 shares in the last quarter. Rhumbline Advisers lifted its position in AGNC Investment by 14.1% in the 4th quarter. Rhumbline Advisers now owns 494,383 shares of the real estate investment trust’s stock valued at $8,671,000 after acquiring an additional 60,978 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in AGNC Investment by 10.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 18,434 shares of the real estate investment trust’s stock valued at $323,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in AGNC Investment by 2.1% in the 4th quarter. Victory Capital Management Inc. now owns 708,181 shares of the real estate investment trust’s stock valued at $12,422,000 after acquiring an additional 14,495 shares in the last quarter. 68.39% 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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