Sidoti Csr Issues Pessimistic Forecast for AGM Earnings

Federal Agricultural Mortgage Co. (NYSE:AGM) – Stock analysts at Sidoti Csr lowered their FY2024 earnings per share (EPS) estimates for Federal Agricultural Mortgage in a research note issued to investors on Tuesday, November 5th. Sidoti Csr analyst B. Mccarthy now anticipates that the credit services provider will post earnings per share of $15.90 for the year, down from their previous estimate of $16.21. The consensus estimate for Federal Agricultural Mortgage’s current full-year earnings is $15.95 per share. Sidoti Csr also issued estimates for Federal Agricultural Mortgage’s Q4 2024 earnings at $4.21 EPS, Q1 2025 earnings at $4.09 EPS, Q2 2025 earnings at $4.31 EPS, Q3 2025 earnings at $4.41 EPS, Q4 2025 earnings at $4.41 EPS, FY2025 earnings at $17.24 EPS, Q1 2026 earnings at $4.34 EPS, Q2 2026 earnings at $4.60 EPS, Q3 2026 earnings at $4.67 EPS and FY2026 earnings at $18.28 EPS.

Federal Agricultural Mortgage (NYSE:AGM) last released its earnings results on Monday, November 4th. The credit services provider reported $4.10 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.04). The firm had revenue of $411.40 million for the quarter, compared to analysts’ expectations of $92.15 million. Federal Agricultural Mortgage had a return on equity of 20.50% and a net margin of 12.59%. During the same quarter in the previous year, the company posted $4.13 earnings per share.

Separately, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $215.00 target price on shares of Federal Agricultural Mortgage in a research report on Tuesday, August 6th.

Federal Agricultural Mortgage Stock Down 2.0 %

Shares of NYSE AGM opened at $208.97 on Wednesday. The business has a 50-day moving average of $186.75 and a two-hundred day moving average of $186.06. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04. Federal Agricultural Mortgage has a 1 year low of $155.11 and a 1 year high of $217.60. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.49.

Institutional Trading of Federal Agricultural Mortgage

A number of large investors have recently bought and sold shares of the business. Boston Partners increased its stake in Federal Agricultural Mortgage by 8.1% in the first quarter. Boston Partners now owns 486,964 shares of the credit services provider’s stock valued at $95,435,000 after purchasing an additional 36,560 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Federal Agricultural Mortgage by 10.3% during the third quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider’s stock worth $59,911,000 after buying an additional 29,917 shares during the last quarter. American Century Companies Inc. increased its position in Federal Agricultural Mortgage by 25.7% in the 2nd quarter. American Century Companies Inc. now owns 178,008 shares of the credit services provider’s stock valued at $32,187,000 after acquiring an additional 36,380 shares during the period. Rice Hall James & Associates LLC raised its stake in Federal Agricultural Mortgage by 10.6% during the 3rd quarter. Rice Hall James & Associates LLC now owns 172,129 shares of the credit services provider’s stock valued at $32,259,000 after acquiring an additional 16,487 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Federal Agricultural Mortgage during the 1st quarter worth approximately $24,137,000. Institutional investors and hedge funds own 68.03% of the company’s stock.

Insider Activity

In related news, EVP Stephen P. Mullery sold 2,472 shares of Federal Agricultural Mortgage stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $182.28, for a total transaction of $450,596.16. Following the sale, the executive vice president now directly owns 22,045 shares in the company, valued at $4,018,362.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Sara Louise Faivre-Davis sold 685 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the completion of the sale, the director now directly owns 3,225 shares of the company’s stock, valued at approximately $595,173.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total transaction of $450,596.16. Following the transaction, the executive vice president now owns 22,045 shares in the company, valued at approximately $4,018,362.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,967 shares of company stock worth $729,487. Corporate insiders own 2.21% of the company’s stock.

Federal Agricultural Mortgage Company Profile

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.