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

Federal Agricultural Mortgage (NYSE:AGM) released its earnings results on Monday. The credit services provider reported $4.10 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.04), Zacks reports. The business had revenue of $411.40 million for the quarter, compared to analyst estimates of $92.15 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.50%. During the same period in the prior year, the company earned $4.13 earnings per share.

Federal Agricultural Mortgage Stock Down 2.0 %

Shares of NYSE AGM traded down $4.27 during mid-day trading on Thursday, reaching $208.87. The company had a trading volume of 23,152 shares, compared to its average volume of 54,082. The stock has a market capitalization of $2.27 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. Federal Agricultural Mortgage has a twelve month low of $155.11 and a twelve month high of $217.60. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 0.49. The stock’s 50 day moving average is $186.48 and its 200-day moving average is $185.90.

Analysts Set New Price Targets

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

Insider Buying and Selling at Federal Agricultural Mortgage

In other 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Stephen P. Mullery sold 2,472 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $4,018,362.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sara Louise Faivre-Davis sold 685 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 4,595 shares in the company, valued at $868,133.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,967 shares of company stock worth $729,487 over the last 90 days. 2.21% of the stock is currently owned by corporate insiders.

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.