Sidoti Csr Issues Pessimistic Estimate for AGM Earnings

Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) - Research analysts at Sidoti Csr lowered their FY2024 earnings estimates for shares of Federal Agricultural Mortgage in a report released on Tuesday, November 5th. Sidoti Csr analyst B. Mccarthy now anticipates that the credit services provider will post earnings per share of $15.90 for the year, down from their previous forecast of $16.21. The consensus estimate for Federal Agricultural Mortgage's current full-year earnings is $15.95 per share. Sidoti Csr also issued estimates for Federal Agricultural Mortgage's Q4 2024 earnings at $4.21 EPS, Q1 2025 earnings at $4.09 EPS, Q2 2025 earnings at $4.31 EPS, Q3 2025 earnings at $4.41 EPS, Q4 2025 earnings at $4.41 EPS, FY2025 earnings at $17.24 EPS, Q1 2026 earnings at $4.34 EPS, Q2 2026 earnings at $4.60 EPS, Q3 2026 earnings at $4.67 EPS and FY2026 earnings at $18.28 EPS.

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

Federal Agricultural Mortgage Price Performance

Shares of AGM traded up $19.63 during midday trading on Wednesday, hitting $213.14. The company's stock had a trading volume of 105,849 shares, compared to its average volume of 54,226. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68. Federal Agricultural Mortgage has a one year low of $155.11 and a one year high of $217.60. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 1.65 and a beta of 1.04. The company's fifty day simple moving average is $186.10 and its two-hundred day simple moving average is $185.71.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.04). Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. The firm had revenue of $411.40 million for the quarter, compared to analyst estimates of $92.15 million. During the same quarter in the prior year, the firm earned $4.13 earnings per share.

Insider Activity at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the business's stock in a transaction 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 sale, the director now owns 3,225 shares of the company's stock, valued at approximately $595,173.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $184.55, for a total transaction of $126,416.75. Following the sale, the director now directly owns 3,225 shares of the company's stock, valued at approximately $595,173.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen P. Mullery sold 2,472 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the sale, the executive vice president now owns 22,045 shares in the company, valued at approximately $4,018,362.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,967 shares of company stock valued at $729,487 in the last quarter. Insiders own 2.21% of the company's stock.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGM. Captrust Financial Advisors bought a new stake in shares of Federal Agricultural Mortgage in the first quarter worth $24,137,000. Boston Partners grew its position in shares of Federal Agricultural Mortgage by 8.1% in the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider's stock valued at $95,435,000 after buying an additional 36,560 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Federal Agricultural Mortgage by 25.7% in the second quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider's stock valued at $32,187,000 after buying an additional 36,380 shares during the period. International Assets Investment Management LLC bought a new position in shares of Federal Agricultural Mortgage during the third quarter worth about $175,610,000. Finally, Cetera Advisors LLC bought a new position in shares of Federal Agricultural Mortgage during the first quarter worth about $205,000. 68.03% of the stock is currently owned by institutional investors and hedge funds.

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.