Federal Agricultural Mortgage (AGM) Scheduled to Post Earnings on Monday

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Monday, November 4th. Analysts expect Federal Agricultural Mortgage to post earnings of $4.14 per share for the quarter.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.09 by ($0.46). Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. The business had revenue of $406.23 million during the quarter, compared to analyst estimates of $91.77 million. During the same quarter in the prior year, the company posted $3.86 EPS. On average, analysts expect Federal Agricultural Mortgage to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Federal Agricultural Mortgage Price Performance

AGM stock traded down $2.84 during trading on Thursday, hitting $183.27. 60,979 shares of the stock traded hands, compared to its average volume of 53,850. Federal Agricultural Mortgage has a one year low of $146.68 and a one year high of $217.60. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 1.67 and a beta of 1.04. The company has a 50 day simple moving average of $186.65 and a 200 day simple moving average of $185.51. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68.

Federal Agricultural Mortgage Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Monday, September 16th. Federal Agricultural Mortgage's dividend payout ratio is currently 34.15%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Sara Louise Faivre-Davis sold 685 shares of the business'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 transaction of $126,416.75. Following the completion of the transaction, the director now owns 3,225 shares in the company, valued at approximately $595,173.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen P. Mullery sold 2,472 shares of the business'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 transaction, the executive vice president now owns 22,045 shares of the company's stock, valued at approximately $4,018,362.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,967 shares of company stock valued at $729,487. Insiders own 2.58% of the company's stock.

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.