Federal Agricultural Mortgage (NYSE:AGM) Issues Quarterly Earnings Results

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) issued its quarterly earnings data on Monday. The credit services provider reported $3.96 earnings per share for the quarter, topping analysts' consensus estimates of $3.94 by $0.02, Yahoo Finance reports. The business had revenue of $403.63 million during the quarter, compared to the consensus estimate of $92.22 million. Federal Agricultural Mortgage had a net margin of 14.13% and a return on equity of 22.68%. During the same quarter in the prior year, the firm posted $3.56 earnings per share.

Federal Agricultural Mortgage Price Performance

Shares of Federal Agricultural Mortgage stock traded down $11.82 during trading hours on Tuesday, reaching $173.42. The stock had a trading volume of 98,923 shares, compared to its average volume of 63,258. The stock's 50 day moving average is $187.50 and its 200 day moving average is $179.34. The firm has a market capitalization of $1.88 billion, a PE ratio of 11.72 and a beta of 1.08. Federal Agricultural Mortgage has a twelve month low of $122.96 and a twelve month high of $199.40. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.51.

Federal Agricultural Mortgage Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $1.40 dividend. The ex-dividend date was Thursday, March 14th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from Federal Agricultural Mortgage's previous quarterly dividend of $1.10. Federal Agricultural Mortgage's dividend payout ratio is 35.42%.

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.