Federal National Mortgage Association (OTCMKTS:FNMA - Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, Yahoo Finance reports. The company had revenue of $37.37 billion during the quarter. Federal National Mortgage Association had a negative return on equity of 25.29% and a net margin of 12.36%.
Federal National Mortgage Association Stock Up 3.4 %
Shares of OTCMKTS FNMA traded up $0.05 during trading hours on Wednesday, hitting $1.52. The company's stock had a trading volume of 2,099,175 shares, compared to its average volume of 4,463,366. Federal National Mortgage Association has a 12 month low of $0.42 and a 12 month high of $1.99. The business has a 50-day simple moving average of $1.50 and a 200-day simple moving average of $1.12.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods upgraded Federal National Mortgage Association from a "market perform" rating to an "outperform" rating and raised their price target for the company from $1.25 to $2.00 in a research report on Monday, February 26th.
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Federal National Mortgage Association Company Profile
(
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Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.
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