FY2024 EPS Estimates for Federal Agricultural Mortgage Co. Lifted by Analyst (NYSE:AGM)

Federal Agricultural Mortgage Co. (NYSE:AGMFree Report) – Analysts at Sidoti Csr increased their FY2024 earnings estimates for shares of Federal Agricultural Mortgage in a note issued to investors on Tuesday, May 28th. Sidoti Csr analyst B. Mccarthy now forecasts that the credit services provider will post earnings of $16.69 per share for the year, up from their previous forecast of $16.66. The consensus estimate for Federal Agricultural Mortgage’s current full-year earnings is $16.66 per share.

Federal Agricultural Mortgage (NYSE:AGMGet Free Report) last released its earnings results on Monday, May 6th. The credit services provider reported $3.96 EPS for the quarter, topping analysts’ consensus estimates of $3.94 by $0.02. Federal Agricultural Mortgage had a net margin of 13.79% and a return on equity of 22.01%. The firm had revenue of $403.63 million during the quarter, compared to analyst estimates of $92.22 million. During the same quarter in the previous year, the business earned $3.56 EPS.

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $212.00 target price (down from $225.00) on shares of Federal Agricultural Mortgage in a research note on Wednesday, May 8th.

Check Out Our Latest Report on Federal Agricultural Mortgage

Federal Agricultural Mortgage Price Performance

Shares of NYSE AGM opened at $175.61 on Thursday. The firm has a market cap of $1.91 billion, a PE ratio of 10.71, a PEG ratio of 1.49 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 1.38. Federal Agricultural Mortgage has a 1-year low of $132.47 and a 1-year high of $199.40. The company has a fifty day moving average price of $184.24 and a 200 day moving average price of $182.22.

Hedge Funds Weigh In On Federal Agricultural Mortgage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGM. Victory Capital Management Inc. lifted its position in Federal Agricultural Mortgage by 22.3% during the 3rd quarter. Victory Capital Management Inc. now owns 4,141 shares of the credit services provider’s stock worth $639,000 after buying an additional 754 shares in the last quarter. Quantbot Technologies LP bought a new stake in Federal Agricultural Mortgage during the 3rd quarter worth about $31,000. Valmark Advisers Inc. bought a new stake in Federal Agricultural Mortgage during the 3rd quarter worth about $595,000. Swiss National Bank lifted its position in Federal Agricultural Mortgage by 1.5% during the 3rd quarter. Swiss National Bank now owns 20,481 shares of the credit services provider’s stock worth $3,160,000 after buying an additional 300 shares in the last quarter. Finally, Pathstone Family Office LLC bought a new stake in Federal Agricultural Mortgage during the 3rd quarter worth about $219,000. 68.03% of the stock is owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, June 14th. Federal Agricultural Mortgage’s payout ratio is presently 34.15%.

Federal Agricultural Mortgage Company Profile

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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.

Further Reading

Earnings History and Estimates for Federal Agricultural Mortgage (NYSE:AGM)

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