Federal Agricultural Mortgage (NYSE:AGM) Posts Earnings Results, Beats Estimates By $0.46 EPS

Federal Agricultural Mortgage (NYSE:AGM) announced its quarterly earnings data on Friday. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.46, RTT News reports. The company had revenue of $101.26 million for the quarter, compared to the consensus estimate of $92.81 million. Federal Agricultural Mortgage had a return on equity of 20.14% and a net margin of 12.59%. During the same period in the previous year, the business earned $4.10 EPS.

Federal Agricultural Mortgage Trading Up 6.4 %

Shares of NYSE:AGM traded up $12.55 during midday trading on Friday, reaching $208.22. The company’s stock had a trading volume of 73,753 shares, compared to its average volume of 27,578. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.59 and a beta of 1.08. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a 50 day moving average price of $196.77 and a two-hundred day moving average price of $194.30. Federal Agricultural Mortgage has a fifty-two week low of $169.17 and a fifty-two week high of $217.60.

Federal Agricultural Mortgage Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Friday, March 14th. Federal Agricultural Mortgage’s payout ratio is currently 36.01%.

Insider Activity

In related news, CEO Bradford T. Nordholm sold 5,073 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $213.37, for a total value of $1,082,426.01. Following the completion of the sale, the chief executive officer now directly owns 41,104 shares of the company’s stock, valued at $8,770,360.48. The trade was a 10.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.58% of the stock is owned by company 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.