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

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

Federal Agricultural Mortgage Trading Up 6.4 %

Shares of NYSE AGM traded up $12.55 during midday trading on Friday, reaching $208.22. 73,753 shares of the stock were exchanged, compared to its average volume of 27,578. The company has a market capitalization of $2.27 billion, a P/E ratio of 13.39, a P/E/G ratio of 1.59 and a beta of 1.08. Federal Agricultural Mortgage has a 52-week low of $169.17 and a 52-week high of $217.60. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.58. The stock has a 50 day moving average price of $196.77 and a 200-day moving average price of $194.30.

Federal Agricultural Mortgage Increases Dividend

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

Insider Transactions at Federal Agricultural Mortgage

In related news, CEO Bradford T. Nordholm sold 5,073 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were 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 in the company, valued at approximately $8,770,360.48. The trade was a 10.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.