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

Federal Agricultural Mortgage (NYSE:AGM) issued its quarterly 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 during the quarter, compared to the consensus estimate of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.88% and a net margin of 13.28%. During the same period in the prior year, the firm earned $4.13 earnings per share.

Federal Agricultural Mortgage Stock Performance

NYSE AGM traded up $19.63 during trading on Wednesday, hitting $213.14. The company’s stock had a trading volume of 105,849 shares, compared to its average volume of 54,226. Federal Agricultural Mortgage has a 52 week low of $155.11 and a 52 week high of $217.60. The firm has a market cap of $2.32 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 1.65 and a beta of 1.04. The firm has a 50 day moving average price of $186.10 and a 200 day moving average price of $185.71. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.68.

Insider Transactions at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 685 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $184.55, for a total transaction of $126,416.75. Following the sale, the director now owns 3,225 shares of the company’s stock, valued at approximately $595,173.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Sara Louise Faivre-Davis sold 685 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the sale, the director now owns 3,225 shares of the company’s stock, valued at $595,173.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total value 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 approximately $4,018,362.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,967 shares of company stock valued at $729,487. 2.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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