Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) announced its quarterly earnings data on Monday. The credit services provider reported $3.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.94 by $0.02, Yahoo Finance reports. Federal Agricultural Mortgage had a return on equity of 22.68% and a net margin of 14.13%. The company had revenue of $403.63 million for the quarter, compared to analysts’ expectations of $92.22 million. During the same quarter in the prior year, the business posted $3.56 EPS.
Federal Agricultural Mortgage Trading Down 6.4 %
Shares of Federal Agricultural Mortgage stock opened at $173.42 on Wednesday. Federal Agricultural Mortgage has a 12-month low of $122.96 and a 12-month high of $199.40. The stock has a market cap of $1.88 billion, a P/E ratio of 10.97 and a beta of 1.08. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $187.36 and its 200-day moving average is $179.56.
Federal Agricultural Mortgage Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $1.40 per share. The ex-dividend date was Thursday, March 14th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.23%. This is a boost from Federal Agricultural Mortgage’s previous quarterly dividend of $1.10. Federal Agricultural Mortgage’s dividend payout ratio is currently 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.
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