Federal Agricultural Mortgage (NYSE:AGM) Announces Earnings Results, Beats Estimates By $0.46 EPS

Federal Agricultural Mortgage (NYSE:AGM) issued its earnings results on Friday. The credit services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.17 by $0.46, RTT News reports. The company had revenue of $101.26 million during the quarter, compared to analysts’ expectations of $92.81 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.14%. During the same period in the previous year, the company earned $4.10 EPS.

Federal Agricultural Mortgage Price Performance

Shares of AGM stock traded up $12.55 on Friday, reaching $208.22. The company had a trading volume of 73,753 shares, compared to its average volume of 27,578. The business’s 50-day moving average is $196.77 and its 200 day moving average is $194.30. Federal Agricultural Mortgage has a one year low of $169.17 and a one 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 1.58. The stock has a market capitalization of $2.27 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.08.

Federal Agricultural Mortgage Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $1.50 per share. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Friday, March 14th. Federal Agricultural Mortgage’s payout ratio is currently 36.01%.

Insider Buying and Selling

In other news, CEO Bradford T. Nordholm sold 5,073 shares of Federal Agricultural Mortgage stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $213.37, for a total transaction of $1,082,426.01. Following the sale, the chief executive officer now directly owns 41,104 shares of the company’s stock, valued at approximately $8,770,360.48. This trade represents a 10.99 % 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. 2.58% of the stock is owned by corporate insiders.

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.