Federal Agricultural Mortgage Corporation (AGM) Earning Somewhat Favorable News Coverage, Study Finds
Media headlines about Federal Agricultural Mortgage Corporation (NYSE:AGM) have trended somewhat positive on Sunday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Federal Agricultural Mortgage Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media headlines about the credit services provider an impact score of 47.4135054213459 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Edited Transcript of AGM earnings conference call or presentation 9-Aug-17 3:00pm GMT (finance.yahoo.com)
- Matthew 25 Management Corp Buys Vistra Energy Corp, Range Resources Corp, Federal Agricultural … (nasdaq.com)
- Federal Agricultural Mortgage Corp. breached its 50 day moving average in a Bearish Manner : AGM-US : August 10, 2017 (finance.yahoo.com)
- Federal Agricultural Mortgage Corp’s (AGM) CEO Timothy Buzby on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Farmer Mac Reports Second Quarter 2017 Financial Results (finance.yahoo.com)
A number of research analysts recently weighed in on the stock. BidaskClub cut shares of Federal Agricultural Mortgage Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. TheStreet upgraded shares of Federal Agricultural Mortgage Corporation from a “c” rating to a “b-” rating in a report on Wednesday, May 17th. Finally, Keefe, Bruyette & Woods set a $65.00 price objective on shares of Federal Agricultural Mortgage Corporation and gave the company a “hold” rating in a report on Tuesday, May 16th.
Shares of Federal Agricultural Mortgage Corporation (AGM) traded down 0.41% on Friday, reaching $65.63. 120,539 shares of the company were exchanged. The company has a 50-day moving average price of $67.38 and a 200 day moving average price of $61.08. The stock has a market capitalization of $695.94 million, a PE ratio of 9.04 and a beta of 1.16. Federal Agricultural Mortgage Corporation has a 1-year low of $37.84 and a 1-year high of $74.01.
Federal Agricultural Mortgage Corporation (NYSE:AGM) last posted its earnings results on Wednesday, August 9th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.12. The firm had revenue of $43.48 million during the quarter. Federal Agricultural Mortgage Corporation had a net margin of 24.02% and a return on equity of 15.01%. On average, analysts forecast that Federal Agricultural Mortgage Corporation will post $5.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, September 14th. Federal Agricultural Mortgage Corporation’s dividend payout ratio (DPR) is presently 19.81%.
In other Federal Agricultural Mortgage Corporation news, insider Gregory Ramsey sold 799 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $60.82, for a total value of $48,595.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sara Louise Faivre-Davis sold 399 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $69.67, for a total transaction of $27,798.33. The disclosure for this sale can be found here. Insiders sold 9,745 shares of company stock valued at $641,007 in the last ninety days. 3.75% of the stock is owned by corporate insiders.
Federal Agricultural Mortgage Corporation Company Profile
Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. The Company’s segments include Farm & Ranch, USDA Guarantees, Rural Utilities, Institutional Credit and Corporate. Its secondary market activities are purchasing eligible loans directly from lenders; providing advances against eligible loans by purchasing obligations secured by those loans; securitizing assets and guaranteeing the payment of principal and interest on the resulting securities that represent interests in, or obligations secured by, pools of eligible loans; and issuing long-term standby purchase commitments (LTSPCs) for eligible loans.
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