Federal Agricultural Mortgage (NYSE:AGM) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) released its earnings results on Monday. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.14 by ($0.04), Zacks reports. The firm had revenue of $411.40 million during the quarter, compared to analysts' expectations of $92.15 million. Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. During the same quarter last year, the company posted $4.13 earnings per share.

Federal Agricultural Mortgage Trading Up 6.2 %

Shares of AGM stock traded up $11.29 during trading hours on Tuesday, hitting $193.51. 66,128 shares of the company were exchanged, compared to its average volume of 53,985. The firm has a market cap of $2.11 billion, a PE ratio of 11.12, a PEG ratio of 1.65 and a beta of 1.04. Federal Agricultural Mortgage has a 1 year low of $155.11 and a 1 year high of $217.60. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. The firm has a fifty day moving average of $186.11 and a 200 day moving average of $185.64.

Federal Agricultural Mortgage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $1.40 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $5.60 annualized dividend and a dividend yield of 2.89%. Federal Agricultural Mortgage's payout ratio is currently 34.19%.

Insider Transactions at Federal Agricultural Mortgage

In related news, Director Sara Louise Faivre-Davis sold 685 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $184.55, for a total value of $126,416.75. Following the transaction, the director now owns 3,225 shares in the company, valued at approximately $595,173.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Sara Louise Faivre-Davis sold 685 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $184.55, for a total value of $126,416.75. Following the transaction, the director now owns 3,225 shares in the company, valued at approximately $595,173.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen P. Mullery sold 2,472 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the transaction, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,967 shares of company stock worth $729,487 in the last three months. Company insiders own 2.21% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $215.00 target price on shares of Federal Agricultural Mortgage in a report on Tuesday, August 6th.

About Federal Agricultural Mortgage

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.