Federal National Mortgage Association (OTCMKTS:FNMA) Posts Earnings Results

Federal National Mortgage Association (OTCMKTS:FNMA) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.60 earnings per share for the quarter, Yahoo Finance reports. Federal National Mortgage Association had a negative return on equity of 25.29% and a net margin of 12.36%.

Federal National Mortgage Association Stock Down 3.9 %

FNMA opened at $1.47 on Wednesday. Federal National Mortgage Association has a 52 week low of $0.42 and a 52 week high of $1.99. The business’s fifty day simple moving average is $1.49 and its 200 day simple moving average is $1.12.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded Federal National Mortgage Association from a “market perform” rating to an “outperform” rating and raised their price target for the company from $1.25 to $2.00 in a research report on Monday, February 26th.

About Federal National Mortgage Association

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.