Research Analysts Issue Forecasts for Federal Agricultural Mortgage Co.’s FY2024 Earnings (NYSE:AGM)

Federal Agricultural Mortgage Co. (NYSE:AGM) – Research analysts at Seaport Res Ptn decreased their FY2024 EPS estimates for Federal Agricultural Mortgage in a research note issued on Tuesday, May 7th. Seaport Res Ptn analyst W. Ryan now anticipates that the credit services provider will post earnings per share of $16.65 for the year, down from their previous estimate of $17.00. The consensus estimate for Federal Agricultural Mortgage’s current full-year earnings is $17.00 per share.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly earnings results on Monday, May 6th. The credit services provider reported $3.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.94 by $0.02. The company had revenue of $403.63 million during the quarter, compared to analyst estimates of $92.22 million. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. During the same quarter in the previous year, the firm posted $3.56 EPS.

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

Federal Agricultural Mortgage Stock Performance

AGM stock opened at $178.31 on Thursday. The company has a market capitalization of $1.93 billion, a P/E ratio of 10.87 and a beta of 1.08. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.51. The company has a 50-day simple moving average of $187.42 and a 200 day simple moving average of $179.55. Federal Agricultural Mortgage has a fifty-two week low of $122.96 and a fifty-two week high of $199.40.

Institutional Trading of Federal Agricultural Mortgage

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP bought a new stake in shares of Federal Agricultural Mortgage during the 3rd quarter worth $31,000. Principal Securities Inc. bought a new position in shares of Federal Agricultural Mortgage in the fourth quarter worth about $34,000. Sunbelt Securities Inc. increased its stake 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 purchasing an additional 134 shares during the period. Federated Hermes Inc. lifted its position in shares of Federal Agricultural Mortgage by 464.7% during 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 last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in Federal Agricultural Mortgage by 304.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 263 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 198 shares during the period. 68.03% of the stock is currently owned by institutional investors.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $5.60 annualized dividend and a yield of 3.14%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is currently 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.