Federal Agricultural Mortgage (AGM) Set to Announce Earnings on Monday

Federal Agricultural Mortgage (NYSE:AGM) is set to release its earnings data before the market opens on Monday, May 6th. Analysts expect Federal Agricultural Mortgage to post earnings of $3.94 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Federal Agricultural Mortgage (NYSE:AGM) last posted its quarterly earnings results on Friday, February 23rd. The credit services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.70 by $0.40. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. The business had revenue of $354.15 million during the quarter, compared to analyst estimates of $86.86 million. During the same quarter in the previous year, the business posted $3.16 EPS. On average, analysts expect Federal Agricultural Mortgage to post $17 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Federal Agricultural Mortgage Price Performance

NYSE AGM opened at $194.22 on Friday. The company has a market cap of $2.11 billion, a PE ratio of 12.28 and a beta of 1.08. Federal Agricultural Mortgage has a 52-week low of $122.96 and a 52-week high of $199.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.46 and a current ratio of 0.46. The firm’s 50 day moving average price is $187.34 and its 200-day moving average price is $178.82.

Federal Agricultural Mortgage Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. Federal Agricultural Mortgage’s dividend payout ratio (DPR) is 35.42%.

About Federal Agricultural Mortgage

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.