Reports Strong First-Quarter Financial Results Federal Agricultural Mortgage (NYSE:AGM)

Earnings results for Federal Agricultural Mortgage (NYSE:AGM)

Federal Agricultural Mortgage Corporation is expected* to report earnings on 11/09/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. The reported EPS for the same quarter last year was $2.17.

Federal Agricultural Mortgage last issued its quarterly earnings data on August 10th, 2020. The credit services provider reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.16. The business had revenue of $59.62 million for the quarter. Federal Agricultural Mortgage has generated $0.00 earnings per share over the last year and currently has a price-to-earnings ratio of 8.2. Federal Agricultural Mortgage has confirmed that its next quarterly earnings report will be published on Monday, November 9th, 2020. Federal Agricultural Mortgage will be holding an earnings conference call on Monday, November 9th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Federal Agricultural Mortgage (NYSE:AGM)

1 Wall Street analysts have issued ratings and price targets for Federal Agricultural Mortgage in the last 12 months. Their average twelve-month price target is $87.00, predicting that the stock has a possible upside of 34.78%. The high price target for AGM is $87.00 and the low price target for AGM is $87.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

Federal Agricultural Mortgage has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $87.00, Federal Agricultural Mortgage has a forecasted upside of 34.8% from its current price of $64.55. Federal Agricultural Mortgage has received no research coverage in the past 90 days.

Dividend Strength: Federal Agricultural Mortgage (NYSE:AGM)

Federal Agricultural Mortgage is a leading dividend payer. It pays a dividend yield of 5.00%, putting its dividend yield in the top 25% of dividend-paying stocks. Federal Agricultural Mortgage has only been increasing its dividend for 1 years.

Insiders buying/selling: Federal Agricultural Mortgage (NYSE:AGM)

In the past three months, Federal Agricultural Mortgage insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $10,264,270.00 in company stock. Only 1.89% of the stock of Federal Agricultural Mortgage is held by insiders. 58.33% of the stock of Federal Agricultural Mortgage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Federal Agricultural Mortgage (NYSE:AGM

The P/E ratio of Federal Agricultural Mortgage is 8.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.85. The P/E ratio of Federal Agricultural Mortgage is 8.23, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.17. Federal Agricultural Mortgage has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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