$0.50 Earnings Per Share Expected for AGNC Investment Corp. (NASDAQ:AGNC) This Quarter
Equities research analysts expect AGNC Investment Corp. (NASDAQ:AGNC) to post earnings of $0.50 per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for AGNC Investment’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.52. AGNC Investment posted earnings of $0.63 per share in the same quarter last year, which would indicate a negative year over year growth rate of 20.6%. The business is expected to issue its next earnings results after the market closes on Wednesday, July 24th.
On average, analysts expect that AGNC Investment will report full year earnings of $2.02 per share for the current fiscal year, with EPS estimates ranging from $1.97 to $2.08. For the next financial year, analysts forecast that the business will post earnings of $2.05 per share, with EPS estimates ranging from $1.96 to $2.12. Zacks’ EPS averages are an average based on a survey of research analysts that follow AGNC Investment.
AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.04). The firm had revenue of $164.00 million for the quarter, compared to the consensus estimate of $327.08 million. AGNC Investment had a negative net margin of 4.10% and a positive return on equity of 11.71%. During the same quarter in the prior year, the company earned $0.60 earnings per share.
AGNC stock traded up $0.08 during trading on Thursday, hitting $17.45. 5,038,175 shares of the stock traded hands, compared to its average volume of 5,116,618. AGNC Investment has a 1 year low of $16.19 and a 1 year high of $19.72. The stock has a 50 day simple moving average of $16.87. The stock has a market capitalization of $9.31 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.24. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.03.
The company also recently announced a jul 19 dividend, which will be paid on Friday, August 9th. Investors of record on Wednesday, July 31st will be given a $0.16 dividend. The ex-dividend date is Tuesday, July 30th. AGNC Investment’s dividend payout ratio is currently 81.70%.
In other AGNC Investment news, Director Morris A. Davis sold 11,537 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $17.94, for a total transaction of $206,973.78. Following the completion of the transaction, the director now directly owns 17,546 shares of the company’s stock, valued at approximately $314,775.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gary D. Kain purchased 97,802 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were purchased at an average cost of $17.73 per share, with a total value of $1,734,029.46. Following the completion of the purchase, the chief executive officer now owns 1,300 shares in the company, valued at approximately $23,049. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.
Large investors have recently made changes to their positions in the stock. State Treasurer State of Michigan lifted its holdings in shares of AGNC Investment by 2.0% in the 1st quarter. State Treasurer State of Michigan now owns 24,282,030 shares of the real estate investment trust’s stock worth $437,077,000 after acquiring an additional 466,185 shares during the last quarter. TCW Group Inc. purchased a new stake in shares of AGNC Investment in the 1st quarter worth about $680,000. PFG Advisors purchased a new stake in AGNC Investment during the 4th quarter valued at about $356,000. D. E. Shaw & Co. Inc. purchased a new stake in AGNC Investment during the 4th quarter valued at about $11,068,000. Finally, Andra AP fonden purchased a new stake in AGNC Investment during the 1st quarter valued at about $8,881,000. Institutional investors and hedge funds own 68.39% of the company’s stock.
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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