Sidoti Csr Has Pessimistic View of AGM FY2024 Earnings

Federal Agricultural Mortgage Co. (NYSE:AGM) – Sidoti Csr cut their FY2024 earnings per share (EPS) estimates for Federal Agricultural Mortgage in a research note issued to investors on Tuesday, November 5th. Sidoti Csr analyst B. Mccarthy now expects that the credit services provider will earn $15.90 per share for the year, down from their prior estimate of $16.21. The consensus estimate for Federal Agricultural Mortgage’s current full-year earnings is $15.95 per share. Sidoti Csr also issued estimates for Federal Agricultural Mortgage’s Q4 2024 earnings at $4.21 EPS, Q1 2025 earnings at $4.09 EPS, Q2 2025 earnings at $4.31 EPS, Q3 2025 earnings at $4.41 EPS, Q4 2025 earnings at $4.41 EPS, FY2025 earnings at $17.24 EPS, Q1 2026 earnings at $4.34 EPS, Q2 2026 earnings at $4.60 EPS, Q3 2026 earnings at $4.67 EPS and FY2026 earnings at $18.28 EPS.

Federal Agricultural Mortgage (NYSE:AGM) last posted its earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. The firm had revenue of $411.40 million during the quarter, compared to the consensus estimate of $92.15 million. During the same period in the prior year, the company posted $4.13 EPS.

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

Federal Agricultural Mortgage Stock Up 10.1 %

AGM stock opened at $213.14 on Wednesday. Federal Agricultural Mortgage has a fifty-two week low of $155.11 and a fifty-two week high of $217.60. The business’s 50-day moving average is $186.48 and its two-hundred day moving average is $185.90. 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 company has a market cap of $2.32 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 1.65 and a beta of 1.04.

Institutional Trading of Federal Agricultural Mortgage

Several institutional investors have recently made changes to their positions in the business. Empowered Funds LLC grew its position in shares of Federal Agricultural Mortgage by 4.8% during the third quarter. Empowered Funds LLC now owns 42,982 shares of the credit services provider’s stock worth $8,055,000 after purchasing an additional 1,962 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Federal Agricultural Mortgage by 1.8% during the third quarter. Victory Capital Management Inc. now owns 3,864 shares of the credit services provider’s stock valued at $724,000 after buying an additional 70 shares during the last quarter. Barnett & Company Inc. boosted its stake in Federal Agricultural Mortgage by 1.5% during the third quarter. Barnett & Company Inc. now owns 45,364 shares of the credit services provider’s stock valued at $8,502,000 after buying an additional 650 shares during the last quarter. Atria Investments Inc boosted its stake in Federal Agricultural Mortgage by 0.7% during the third quarter. Atria Investments Inc now owns 8,735 shares of the credit services provider’s stock valued at $1,637,000 after buying an additional 57 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Federal Agricultural Mortgage by 10.3% during the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock valued at $59,911,000 after buying an additional 29,917 shares during the last quarter. Hedge funds and other institutional investors own 68.03% of the company’s stock.

Insiders Place Their Bets

In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the completion of the sale, the director now owns 3,225 shares in the company, valued at $595,173.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Stephen P. Mullery sold 2,472 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the completion of the sale, the executive vice president now owns 22,045 shares in the company, valued at approximately $4,018,362.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the sale, the director now owns 3,225 shares of the company’s stock, valued at $595,173.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,967 shares of company stock worth $729,487 over the last quarter. 2.21% of the stock is currently owned by corporate insiders.

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.