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

Federal Agricultural Mortgage (NYSE:AGM) issued its earnings results on Monday. The credit services provider reported $4.10 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04), Zacks reports. Federal Agricultural Mortgage had a return on equity of 20.50% and a net margin of 12.59%. 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 previous year, the firm posted $4.13 EPS.

Federal Agricultural Mortgage Stock Up 10.1 %

Shares of NYSE AGM opened at $213.14 on Thursday. Federal Agricultural Mortgage has a 1 year low of $155.11 and a 1 year high of $217.60. The firm’s 50 day moving average price is $186.48 and its 200 day moving average price is $185.90. The firm has a market cap of $2.32 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 0.49.

Insider Buying and Selling at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 685 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total value of $129,417.05. Following the transaction, the director now owns 4,595 shares of the company’s stock, valued at approximately $868,133.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total transaction of $129,417.05. Following the completion of the transaction, the director now directly owns 4,595 shares of the company’s stock, valued at $868,133.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the transaction, the executive vice president now directly owns 22,045 shares of the company’s stock, valued at approximately $4,018,362.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,967 shares of company stock worth $729,487 in the last quarter. 2.21% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.