Federal National Mortgage Association (OTCMKTS:FNMA) Releases Earnings Results, Beats Estimates By $0.05 EPS

Federal National Mortgage Association (OTCMKTS:FNMA) posted its quarterly earnings results on Thursday. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05, Yahoo Finance reports. Federal National Mortgage Association had a net margin of 11.22% and a negative return on equity of 30.10%. The firm had revenue of $38.14 billion for the quarter, compared to the consensus estimate of $7.17 billion.

Federal National Mortgage Association Stock Down 6.5 %

Federal National Mortgage Association stock traded down $0.09 during midday trading on Friday, reaching $1.30. 7,793,689 shares of the company traded hands, compared to its average volume of 5,841,047. Federal National Mortgage Association has a 12 month low of $0.68 and a 12 month high of $1.99. The business has a 50 day moving average of $1.27 and a two-hundred day moving average of $1.35.

About Federal National Mortgage Association

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.