Federal Home Loan Mortgage (OTCMKTS:FMCC - Get Free Report) issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.01) EPS for the quarter, Zacks reports. Federal Home Loan Mortgage had a net margin of 9.74% and a negative return on equity of 33.18%. The company had revenue of $5.85 billion during the quarter.
Federal Home Loan Mortgage Price Performance
Shares of OTCMKTS FMCC traded up $0.01 during midday trading on Thursday, reaching $5.28. The company's stock had a trading volume of 1,083,982 shares, compared to its average volume of 5,094,753. The stock has a market capitalization of $3.43 billion, a P/E ratio of -87.99 and a beta of 1.92. The firm has a 50 day moving average price of $5.16 and a 200-day moving average price of $4.29. Federal Home Loan Mortgage has a 12-month low of $0.94 and a 12-month high of $7.15.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods downgraded shares of Federal Home Loan Mortgage from a "market perform" rating to an "underperform" rating and lifted their target price for the stock from $4.00 to $4.50 in a research report on Monday, January 27th.
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About Federal Home Loan Mortgage
(
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Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit and market risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions.
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