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

Federal Agricultural Mortgage (NYSE:AGM) announced its quarterly earnings data 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. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.50%. The firm had revenue of $411.40 million during the quarter, compared to analysts’ expectations of $92.15 million. During the same period in the prior year, the company posted $4.13 EPS.

Federal Agricultural Mortgage Stock Performance

Shares of Federal Agricultural Mortgage stock traded down $4.27 during trading hours on Thursday, hitting $208.87. 23,152 shares of the company were exchanged, compared to its average volume of 54,082. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.63 and a beta of 1.04. The business has a 50-day moving average of $186.48 and a 200-day moving average of $185.90. Federal Agricultural Mortgage has a 1 year low of $155.11 and a 1 year high of $217.60. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.68.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Federal Agricultural Mortgage news, 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 completion of the sale, the executive vice president now directly owns 22,045 shares in the company, valued at $4,018,362.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sara Louise Faivre-Davis sold 685 shares of the company’s stock in a transaction on 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 3,967 shares of company stock worth $729,487. Insiders own 2.21% of the company’s stock.

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.