$0.61 EPS Expected for AGNC Investment Corp. (AGNC) This Quarter
Wall Street brokerages predict that AGNC Investment Corp. (NASDAQ:AGNC) will report earnings per share (EPS) of $0.61 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for AGNC Investment’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.62. AGNC Investment reported earnings per share of $0.59 during the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The business is expected to issue its next earnings results after the market closes on Wednesday, October 24th.
According to Zacks, 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 financial year, analysts expect that the company will report earnings of $2.38 per share, with EPS estimates ranging from $2.05 to $2.74. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts 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, topping the Zacks’ consensus estimate of $0.61 by $0.02. The firm had revenue of $177.00 million for the quarter, compared to analyst estimates of $274.15 million. AGNC Investment had a net margin of 134.01% and a return on equity of 11.69%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS.
Shares of AGNC Investment stock traded down $0.04 during trading on Monday, reaching $17.76. The company’s stock had a trading volume of 6,849,657 shares, compared to its average volume of 4,710,646. AGNC Investment has a 52-week low of $17.71 and a 52-week high of $21.90. The stock has a market capitalization of $8.90 billion and a price-to-earnings ratio of 7.22. 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 firm also recently disclosed a oct 18 dividend, which will be paid on Friday, November 9th. Stockholders of record on Wednesday, October 31st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a dividend yield of 12.16%. AGNC Investment’s dividend payout ratio (DPR) is 87.80%.
In other AGNC Investment news, Director Morris A. Davis sold 6,797 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total transaction 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.
A number of institutional investors and hedge funds have recently made changes to their positions in AGNC. Franklin Resources Inc. boosted its position in AGNC Investment by 16.8% during the 1st quarter. Franklin Resources Inc. now owns 65,209 shares of the real estate investment trust’s stock valued at $1,233,000 after buying an additional 9,397 shares during the period. Schroder Investment Management Group boosted its position in AGNC Investment by 25.0% during the 1st quarter. Schroder Investment Management Group now owns 59,137 shares of the real estate investment trust’s stock valued at $1,119,000 after buying an additional 11,814 shares during the period. Sei Investments Co. boosted its position in AGNC Investment by 11.9% during the 1st quarter. Sei Investments Co. now owns 202,261 shares of the real estate investment trust’s stock valued at $3,827,000 after buying an additional 21,447 shares during the period. Fiera Capital Corp purchased a new stake in AGNC Investment during the 1st quarter valued at $323,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in AGNC Investment during the 1st quarter valued at $195,000. 57.71% of the stock is owned by institutional investors and hedge funds.
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).
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