Federal National Mortgage Association (OTCMKTS:FNMA) Releases Earnings Results

Federal National Mortgage Association (OTCMKTS:FNMA) issued its earnings results on Thursday. The financial services provider reported $0.02 EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $7.16 billion for the quarter. Federal National Mortgage Association had a net margin of 10.87% and a negative return on equity of 9.80%.

Shares of OTCMKTS FNMA traded up $0.07 during midday trading on Friday, reaching $3.54. 6,232,361 shares of the company’s stock traded hands, compared to its average volume of 3,042,423. The stock’s 50 day simple moving average is $3.26 and its 200-day simple moving average is $3.11. Federal National Mortgage Association has a one year low of $2.02 and a one year high of $4.23. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 177.09 and a beta of 2.20.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Federal National Mortgage Association from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Nomura began coverage on shares of Federal National Mortgage Association in a research note on Tuesday, January 7th. They set a “buy” rating and a $5.00 price objective on the stock. Odeon Capital Group upgraded shares of Federal National Mortgage Association to a “hold” rating in a research note on Wednesday, November 20th. Finally, B. Riley dropped their price objective on shares of Federal National Mortgage Association from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $4.75.

About Federal National Mortgage Association

Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates in two segments, Single-Family and Multifamily.

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Earnings History for Federal National Mortgage Association (OTCMKTS:FNMA)

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