Freddie Mac (OTCMKTS:FMCC) Releases Earnings Results

Key Points

• Freddie Mac reported a quarterly loss of ($0.01) earnings per share despite generating $5.92 billion in revenue with a net margin of 9.04%.
• The company's stock price increased to $7.24, with a significant trade volume of 4,740,193 shares on Friday, above its average volume of 2,172,048 shares.
• Freddie Mac operates in the secondary mortgage market through two segments, Single-Family and Multifamily, focusing on purchasing, securitizing, and guaranteeing loans.

Freddie Mac (OTCMKTS:FMCC - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, Zacks reports. The firm had revenue of $5.92 billion for the quarter. Freddie Mac had a net margin of 9.04% and a negative return on equity of 42.15%.

Freddie Mac Price Performance

OTCMKTS:FMCC remained flat at $7.24 during mid-day trading on Monday. 695,706 shares of the company traded hands, compared to its average volume of 4,395,893. Freddie Mac has a 12-month low of $0.94 and a 12-month high of $8.90. The stock has a market capitalization of $4.71 billion, a PE ratio of -241.33 and a beta of 2.06. The stock's 50 day moving average is $7.56 and its 200 day moving average is $6.21.

Freddie Mac Company Profile

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.