Freddie Mac (OTCMKTS:FMCC) Announces 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) posted its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $5.92 billion during the quarter. Freddie Mac had a net margin of 9.04% and a negative return on equity of 44.33%.

Freddie Mac Trading Down 1.4%

Shares of OTCMKTS:FMCC traded down $0.10 during midday trading on Wednesday, reaching $6.73. The company had a trading volume of 779,465 shares, compared to its average volume of 4,357,327. The company's 50 day moving average price is $7.52 and its 200 day moving average price is $6.22. The stock has a market cap of $4.37 billion, a P/E ratio of -224.33 and a beta of 2.06. Freddie Mac has a 52-week low of $1.03 and a 52-week high of $8.90.

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.