Equities Analysts Offer Predictions for AGM FY2024 Earnings

Federal Agricultural Mortgage Co. (NYSE:AGM) – Equities research analysts at Sidoti Csr cut their FY2024 earnings per share (EPS) estimates for Federal Agricultural Mortgage in a report released on Tuesday, November 5th. Sidoti Csr analyst B. Mccarthy now forecasts that the credit services provider will earn $15.90 per share for the year, down from their prior forecast of $16.21. The consensus estimate for Federal Agricultural Mortgage’s current full-year earnings is $15.95 per share. Sidoti Csr also issued estimates for Federal Agricultural Mortgage’s Q4 2024 earnings at $4.21 EPS, Q1 2025 earnings at $4.09 EPS, Q2 2025 earnings at $4.31 EPS, Q3 2025 earnings at $4.41 EPS, Q4 2025 earnings at $4.41 EPS, FY2025 earnings at $17.24 EPS, Q1 2026 earnings at $4.34 EPS, Q2 2026 earnings at $4.60 EPS, Q3 2026 earnings at $4.67 EPS and FY2026 earnings at $18.28 EPS.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $215.00 price objective on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Federal Agricultural Mortgage Stock Up 6.2 %

Shares of NYSE AGM opened at $193.51 on Wednesday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 11.81, a PEG ratio of 1.65 and a beta of 1.04. Federal Agricultural Mortgage has a one year low of $155.11 and a one year high of $217.60. The firm’s 50 day simple moving average is $186.10 and its two-hundred day simple moving average is $185.71. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). The firm had revenue of $411.40 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $4.13 earnings per share.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors purchased a new stake in shares of Federal Agricultural Mortgage during the first quarter worth about $24,137,000. International Assets Investment Management LLC purchased a new stake in Federal Agricultural Mortgage in the 3rd quarter worth approximately $175,610,000. Boston Partners grew its position in shares of Federal Agricultural Mortgage by 8.1% in the 1st quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock worth $95,435,000 after buying an additional 36,560 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Federal Agricultural Mortgage by 25.7% during the second quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock valued at $32,187,000 after buying an additional 36,380 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Federal Agricultural Mortgage by 10.3% during the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock valued at $59,911,000 after buying an additional 29,917 shares during the period. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Insider Transactions at Federal Agricultural Mortgage

In related news, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction 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 $4,018,362.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Sara Louise Faivre-Davis sold 685 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $188.93, for a total value of $129,417.05. Following the transaction, the director now owns 4,595 shares in the company, valued at approximately $868,133.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the sale, the executive vice president now owns 22,045 shares of the company’s stock, valued at $4,018,362.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,967 shares of company stock worth $729,487. Company insiders own 2.21% 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.