Seaport Res Ptn Has Negative Estimate for AGM Q4 Earnings

Federal Agricultural Mortgage Co. (NYSE:AGM) – Investment analysts at Seaport Res Ptn decreased their Q4 2024 EPS estimates for Federal Agricultural Mortgage in a research note issued to investors on Tuesday, November 5th. Seaport Res Ptn analyst W. Ryan now forecasts that the credit services provider will earn $4.11 per share for the quarter, down from their prior estimate of $4.15. The consensus estimate for Federal Agricultural Mortgage’s current full-year earnings is $15.95 per share.

Federal Agricultural Mortgage (NYSE:AGM) last announced its quarterly 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). The company had revenue of $411.40 million during the quarter, compared to analyst estimates of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.50% and a net margin of 12.59%. During the same period in the prior year, the firm earned $4.13 EPS.

Separately, Keefe, Bruyette & Woods restated 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 Stock Down 2.0 %

AGM opened at $208.97 on Thursday. Federal Agricultural Mortgage has a twelve month low of $155.11 and a twelve month high of $217.60. 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 business has a 50 day moving average price of $186.75 and a 200 day moving average price of $186.06. The firm has a market cap of $2.27 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Several large investors have recently added to or reduced their stakes in AGM. nVerses Capital LLC bought a new stake in shares of Federal Agricultural Mortgage during the second quarter valued at approximately $36,000. Fifth Third Bancorp increased its holdings in Federal Agricultural Mortgage by 160.5% in the 2nd quarter. Fifth Third Bancorp now owns 521 shares of the credit services provider’s stock valued at $94,000 after buying an additional 321 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Federal Agricultural Mortgage in the 2nd quarter valued at $108,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Federal Agricultural Mortgage during the 2nd quarter worth about $181,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Federal Agricultural Mortgage during the 1st quarter valued at about $205,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Insider Buying and Selling at Federal Agricultural Mortgage

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