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

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

Federal Agricultural Mortgage Stock Up 6.4 %

AGM traded up $12.55 during midday trading on Friday, reaching $208.22. 73,753 shares of the company were exchanged, compared to its average volume of 27,578. 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 company’s fifty day moving average price is $196.77 and its 200 day moving average price is $194.30. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.08. Federal Agricultural Mortgage has a one year low of $169.17 and a one year high of $217.60.

Federal Agricultural Mortgage Increases Dividend

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

Insiders Place Their Bets

In other Federal Agricultural Mortgage news, CEO Bradford T. Nordholm sold 5,073 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $213.37, for a total transaction 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 approximately $8,770,360.48. The trade was a 10.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.58% of the company’s stock.

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.