Federal Home Loan Mortgage (OTCMKTS:FMCC - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share (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 business had revenue of $5.85 billion for the quarter.
Federal Home Loan Mortgage Stock Performance
OTCMKTS:FMCC opened at $5.13 on Friday. Federal Home Loan Mortgage has a 52 week low of $0.94 and a 52 week high of $7.15. The firm's fifty day moving average is $5.18 and its 200-day moving average is $4.21. The firm has a market cap of $3.33 billion, a P/E ratio of -85.49 and a beta of 1.83.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods lowered Federal Home Loan Mortgage from a "market perform" rating to an "underperform" rating and upped their price target for the company 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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