Equities Analysts Set Expectations for Federal Agricultural Mortgage Co.’s FY2024 Earnings (NYSE:AGM)

Federal Agricultural Mortgage Co. (NYSE:AGM) – Equities research analysts at Seaport Res Ptn reduced their FY2024 EPS estimates for shares of Federal Agricultural Mortgage in a research report issued on Tuesday, May 7th. Seaport Res Ptn analyst W. Ryan now anticipates that the credit services provider will post earnings of $16.65 per share for the year, down from their prior estimate of $17.00. The consensus estimate for Federal Agricultural Mortgage’s current full-year earnings is $17.00 per share.

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $212.00 price objective (down previously from $225.00) on shares of Federal Agricultural Mortgage in a research report on Wednesday.

Federal Agricultural Mortgage Stock Performance

Federal Agricultural Mortgage stock opened at $179.01 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.46 and a quick ratio of 0.46. The company’s 50-day moving average is $187.43 and its 200 day moving average is $179.56. Federal Agricultural Mortgage has a 1-year low of $122.96 and a 1-year high of $199.40. The firm has a market capitalization of $1.94 billion, a P/E ratio of 10.92 and a beta of 1.08.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Monday, May 6th. The credit services provider reported $3.96 EPS for the quarter, topping analysts’ consensus estimates of $3.94 by $0.02. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. The business had revenue of $403.63 million during the quarter, compared to analysts’ expectations of $92.22 million. During the same period last year, the company posted $3.56 EPS.

Federal Agricultural Mortgage Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. Federal Agricultural Mortgage’s dividend payout ratio is 34.15%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new stake in shares of Federal Agricultural Mortgage during the 3rd quarter worth about $31,000. Principal Securities Inc. acquired a new position in Federal Agricultural Mortgage in the 4th quarter worth about $34,000. Sunbelt Securities Inc. boosted its position in Federal Agricultural Mortgage by 194.2% during the first quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock worth $40,000 after purchasing an additional 134 shares in the last quarter. Federated Hermes Inc. grew its holdings in Federal Agricultural Mortgage by 464.7% in the third quarter. Federated Hermes Inc. now owns 288 shares of the credit services provider’s stock valued at $44,000 after purchasing an additional 237 shares during the period. Finally, SRS Capital Advisors Inc. increased its position in shares of Federal Agricultural Mortgage by 304.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 263 shares of the credit services provider’s stock valued at $50,000 after buying an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

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.