Equities Analysts Set Expectations for AGM FY2024 Earnings

Federal Agricultural Mortgage Co. (NYSE:AGM) – Seaport Res Ptn boosted their FY2024 earnings per share estimates for Federal Agricultural Mortgage in a note issued to investors on Tuesday, November 5th. Seaport Res Ptn analyst W. Ryan now expects that the credit services provider will earn $15.80 per share for the year, up from their previous estimate of $15.70. The consensus estimate for Federal Agricultural Mortgage’s current full-year earnings is $15.95 per share. Seaport Res Ptn also issued estimates for Federal Agricultural Mortgage’s FY2025 earnings at $17.95 EPS.

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $215.00 price objective on shares of Federal Agricultural Mortgage in a research note on Tuesday, August 6th.

Federal Agricultural Mortgage Trading Down 2.0 %

Shares of Federal Agricultural Mortgage stock opened at $208.97 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a 50-day moving average of $186.75 and a 200-day moving average of $186.06. Federal Agricultural Mortgage has a 52-week low of $155.11 and a 52-week high of $217.60. The stock has a market cap of $2.27 billion, a PE ratio of 13.44, a PEG ratio of 1.63 and a beta of 1.04.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Monday, November 4th. The credit services provider reported $4.10 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). The firm had revenue of $411.40 million during the quarter, compared to analyst estimates of $92.15 million. Federal Agricultural Mortgage had a net margin of 12.59% and a return on equity of 20.50%. During the same period in the prior year, the company earned $4.13 earnings per share.

Insider Activity at Federal Agricultural Mortgage

In other news, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $184.55, for a total transaction of $126,416.75. Following the sale, the director now directly owns 3,225 shares of the company’s stock, valued at approximately $595,173.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Sara Louise Faivre-Davis sold 685 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $184.55, for a total transaction of $126,416.75. Following the completion of the sale, the director now owns 3,225 shares of the company’s stock, valued at approximately $595,173.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the sale, the executive vice president now owns 22,045 shares in the company, valued at $4,018,362.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,967 shares of company stock worth $729,487. Company insiders own 2.21% of the company’s stock.

Institutional Trading of Federal Agricultural Mortgage

Several institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC acquired a new stake in Federal Agricultural Mortgage in the second quarter valued at approximately $36,000. Fifth Third Bancorp grew its position in Federal Agricultural Mortgage by 160.5% during the 2nd quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock worth $94,000 after acquiring an additional 321 shares during the last quarter. Ridgewood Investments LLC bought a new stake in Federal Agricultural Mortgage during the 2nd quarter worth $108,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Federal Agricultural Mortgage in the 2nd quarter worth about $181,000. Finally, Cetera Advisors LLC bought a new position in Federal Agricultural Mortgage in the first quarter valued at about $205,000. 68.03% of the stock is currently owned by institutional investors.

Federal Agricultural Mortgage Company Profile

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.