Federal Agricultural Mortgage (NYSE:AGM) Issues Quarterly Earnings Results, Misses Estimates By $0.84 EPS

Federal Agricultural Mortgage (NYSE:AGM) issued its quarterly earnings results on Thursday. The credit services provider reported $3.66 earnings per share for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.84), FiscalAI reports. Federal Agricultural Mortgage had a return on equity of 18.63% and a net margin of 13.38%.The business had revenue of $101.39 million for the quarter, compared to analysts’ expectations of $107.45 million.

Federal Agricultural Mortgage Stock Down 0.0%

Shares of AGM stock traded down $0.06 during trading hours on Thursday, reaching $174.59. 87,663 shares of the stock were exchanged, compared to its average volume of 111,401. Federal Agricultural Mortgage has a 12-month low of $155.00 and a 12-month high of $212.24. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a market capitalization of $1.90 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.82 and a beta of 0.99. The business’s fifty day moving average is $174.87 and its two-hundred day moving average is $176.06.

Wall Street Analysts Forecast Growth

AGM has been the topic of several research reports. Keefe, Bruyette & Woods raised Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and upped their target price for the company from $217.00 to $219.00 in a research report on Wednesday, November 5th. Wall Street Zen upgraded Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Federal Agricultural Mortgage presently has an average rating of “Moderate Buy” and an average price target of $219.00.

Institutional Investors Weigh In On Federal Agricultural Mortgage

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in shares of Federal Agricultural Mortgage during the first quarter worth about $34,000. Kestra Advisory Services LLC acquired a new position in Federal Agricultural Mortgage in the 4th quarter valued at $40,000. Advisory Services Network LLC purchased a new stake in shares of Federal Agricultural Mortgage in the third quarter valued at about $48,000. Danske Bank A S acquired a new position in shares of Federal Agricultural Mortgage during the third quarter worth about $50,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Federal Agricultural Mortgage by 800.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 441 shares of the credit services provider’s stock worth $77,000 after purchasing an additional 392 shares in the last quarter. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.