Equities analysts forecast that AGNC Investment Corp. (NASDAQ:AGNC) will announce earnings of $0.61 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for AGNC Investment’s earnings, with estimates ranging from $0.60 to $0.62. AGNC Investment reported earnings of $0.59 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.4%. The firm is expected to report its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that AGNC Investment will report full-year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.39 to $2.49. For the next fiscal year, analysts anticipate that the company will post earnings of $2.38 per share, with EPS estimates ranging from $2.05 to $2.74. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for AGNC Investment.

AGNC Investment (NASDAQ:AGNC) last issued its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $177.00 million for the quarter, compared to the consensus estimate of $274.15 million. AGNC Investment had a net margin of 134.01% and a return on equity of 11.69%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS.

A number of brokerages have commented on AGNC. Maxim Group upped their target price on shares of AGNC Investment from $19.25 to $19.75 and gave the stock a “buy” rating in a research note on Friday, July 27th. JPMorgan Chase & Co. upped their target price on shares of AGNC Investment from $18.00 to $18.50 and gave the stock a “$19.11” rating in a research note on Monday, July 23rd. BidaskClub upgraded shares of AGNC Investment from a “sell” rating to a “hold” rating in a research note on Monday, June 25th. Finally, ValuEngine downgraded shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.46.

Shares of AGNC stock opened at $19.18 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 7.80 and a beta of 0.01. AGNC Investment has a one year low of $17.84 and a one year high of $21.94.

The firm also recently declared a aug 18 dividend, which will be paid on Tuesday, September 11th. Stockholders of record on Friday, August 31st will be given a $0.18 dividend. The ex-dividend date is Thursday, August 30th. AGNC Investment’s payout ratio is presently 87.80%.

In other news, Director Morris A. Davis sold 6,797 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $129,958.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new stake in AGNC Investment during the second quarter valued at approximately $127,000. CIBC Private Wealth Group LLC raised its holdings in shares of AGNC Investment by 6,645.0% in the second quarter. CIBC Private Wealth Group LLC now owns 8,094 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 7,974 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of AGNC Investment by 44.5% in the first quarter. Victory Capital Management Inc. now owns 9,491 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 2,924 shares during the last quarter. Signaturefd LLC purchased a new position in shares of AGNC Investment in the first quarter worth $185,000. Finally, Cornerstone Wealth Management LLC purchased a new position in shares of AGNC Investment in the second quarter worth $543,000. 57.68% of the stock is owned by hedge funds and other institutional investors.

About AGNC Investment

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).

Further Reading: How do investors use RSI to grade stocks?

Get a free copy of the Zacks research report on AGNC Investment (AGNC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for AGNC Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AGNC Investment and related companies with MarketBeat.com's FREE daily email newsletter.