AGNC Investment (AGNC) Scheduled to Post Quarterly Earnings on Monday

AGNC Investment (NASDAQ:AGNC) will be releasing its earnings data after the market closes on Monday, October 21st. Analysts expect AGNC Investment to post earnings of $0.50 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $695.00 million for the quarter, compared to the consensus estimate of $643.29 million. AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The business’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. On average, analysts expect AGNC Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AGNC Investment Stock Performance

AGNC Investment stock opened at $10.60 on Friday. The firm’s 50 day simple moving average is $10.30 and its 200 day simple moving average is $9.92. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.01. AGNC Investment has a 1-year low of $6.81 and a 1-year high of $10.85. The firm has a market capitalization of $7.71 billion, a PE ratio of 11.65 and a beta of 1.47.

AGNC Investment Announces Dividend

The firm also recently disclosed a oct 24 dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be given a $0.12 dividend. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 14%. AGNC Investment’s dividend payout ratio (DPR) is presently 158.24%.

Analyst Ratings Changes

AGNC has been the topic of several recent analyst reports. Royal Bank of Canada raised their price target on AGNC Investment from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Wells Fargo & Company upgraded shares of AGNC Investment from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $10.00 to $12.00 in a research report on Friday, September 20th. Keefe, Bruyette & Woods increased their price target on shares of AGNC Investment from $10.00 to $10.25 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of AGNC Investment from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Finally, Compass Point upped their target price on shares of AGNC Investment from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, AGNC Investment presently has an average rating of “Moderate Buy” and a consensus target price of $10.33.

Insider Transactions at AGNC Investment

In other news, CFO Bernice Bell sold 5,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.07, for a total value of $50,350.00. Following the completion of the sale, the chief financial officer now directly owns 298,182 shares in the company, valued at $3,002,692.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.52% of the company’s stock.

AGNC Investment Company Profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).