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

Federal Agricultural Mortgage Co. (NYSE:AGM) – Stock analysts at Seaport Res Ptn lowered their Q2 2024 earnings per share (EPS) estimates for Federal Agricultural Mortgage in a report issued on Tuesday, May 7th. Seaport Res Ptn analyst W. Ryan now forecasts that the credit services provider will post earnings of $4.07 per share for the quarter, down from their prior estimate 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 (NYSE:AGM) last posted its quarterly earnings data on Monday, May 6th. The credit services provider reported $3.96 earnings per share 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 the consensus estimate 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 company posted $3.56 earnings per share.

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $212.00 price target (down from $225.00) on shares of Federal Agricultural Mortgage in a research report on Wednesday.

Federal Agricultural Mortgage Price Performance

NYSE AGM opened at $179.01 on Wednesday. Federal Agricultural Mortgage has a 12 month low of $122.96 and a 12 month high of $199.40. The firm has a market capitalization of $1.94 billion, a PE ratio of 10.92 and a beta of 1.08. The company’s 50 day simple moving average is $187.43 and its 200 day simple moving average is $179.56. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.46 and a quick ratio of 0.46.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Principal Securities Inc. purchased a new stake in shares of Federal Agricultural Mortgage during the fourth quarter valued at $34,000. Quantbot Technologies LP purchased a new position in shares of Federal Agricultural Mortgage in the third quarter worth approximately $31,000. Sunbelt Securities Inc. increased its position in shares of 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 acquiring an additional 134 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Federal Agricultural Mortgage by 304.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 263 shares of the credit services provider’s stock valued at $50,000 after acquiring an additional 198 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Federal Agricultural Mortgage by 464.7% in the 3rd quarter. Federated Hermes Inc. now owns 288 shares of the credit services provider’s stock worth $44,000 after purchasing an additional 237 shares during the period. Institutional investors own 68.03% of the company’s stock.

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 issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 3.13%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Thursday, March 14th. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is presently 34.15%.

Federal Agricultural Mortgage Company Profile

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.