Federal Agricultural Mortgage Co. (NYSE:AGM) Expected to Post Q2 2024 Earnings of $4.07 Per Share

Federal Agricultural Mortgage Co. (NYSE:AGM) – Analysts at Seaport Res Ptn dropped their Q2 2024 earnings per share (EPS) estimates for shares of Federal Agricultural Mortgage in a research note issued to investors on Tuesday, May 7th. Seaport Res Ptn analyst W. Ryan now anticipates that the credit services provider will post earnings of $4.07 per share for the quarter, down from their prior forecast of $4.19. The consensus estimate for Federal Agricultural Mortgage’s current full-year earnings is $17.00 per share. Seaport Res Ptn also issued estimates for Federal Agricultural Mortgage’s Q3 2024 earnings at $4.26 EPS, Q4 2024 earnings at $4.37 EPS and FY2025 earnings at $18.40 EPS.

Federal Agricultural Mortgage Price Performance

Shares of NYSE:AGM opened at $173.42 on Wednesday. The firm’s 50 day moving average is $187.36 and its two-hundred day moving average is $179.56. The firm has a market capitalization of $1.88 billion, a P/E ratio of 10.97 and a beta of 1.08. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.51. Federal Agricultural Mortgage has a 52 week low of $122.96 and a 52 week high of $199.40.

Federal Agricultural Mortgage (NYSE:AGM) last released its quarterly earnings results on Monday, May 6th. The credit services provider reported $3.96 EPS for the quarter, topping the consensus estimate of $3.94 by $0.02. The business had revenue of $403.63 million during the quarter, compared to analyst estimates of $92.22 million. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. During the same quarter in the prior year, the firm earned $3.56 earnings per share.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $1.40 dividend. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. This represents a $5.60 annualized dividend and a yield of 3.23%. The ex-dividend date was Thursday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 35.42%.

Institutional Investors Weigh In On Federal Agricultural Mortgage

A number of hedge funds and other institutional investors have recently modified their holdings of AGM. Parkside Financial Bank & Trust raised its position in shares of Federal Agricultural Mortgage by 9.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 702 shares of the credit services provider’s stock worth $134,000 after buying an additional 61 shares in the last quarter. Riverwater Partners LLC raised its holdings in Federal Agricultural Mortgage by 0.7% during the fourth quarter. Riverwater Partners LLC now owns 11,372 shares of the credit services provider’s stock worth $2,175,000 after purchasing an additional 80 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Federal Agricultural Mortgage by 194.2% in the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock worth $40,000 after purchasing an additional 134 shares during the period. Principal Securities Inc. bought a new position in Federal Agricultural Mortgage during the 4th quarter valued at $34,000. Finally, Deutsche Bank AG increased its position in shares of Federal Agricultural Mortgage by 3.6% during the 3rd quarter. Deutsche Bank AG now owns 5,422 shares of the credit services provider’s stock valued at $837,000 after purchasing an additional 187 shares during the period. 68.03% of the stock is currently owned by institutional investors.

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.