Federal Agricultural Mortgage Corp. Class C (NYSE:AGM) issued its earnings results on Thursday. The credit services provider reported $1.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.05 by ($0.25), Bloomberg Earnings reports. Federal Agricultural Mortgage Corp. Class C had a net margin of 19.89% and a return on equity of 15.77%. The firm had revenue of $50.31 million during the quarter.
AGM stock opened at $84.28 on Friday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.73 and a current ratio of 0.73. Federal Agricultural Mortgage Corp. Class C has a twelve month low of $62.72 and a twelve month high of $99.11. The company has a market cap of $940.93 million, a price-to-earnings ratio of 13.13 and a beta of 1.20.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.58 per share. The ex-dividend date is Thursday, September 13th. This represents a $2.32 dividend on an annualized basis and a yield of 2.75%.
Separately, ValuEngine cut shares of Federal Agricultural Mortgage Corp. Class C from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th.
About Federal Agricultural Mortgage Corp. Class C
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments on designated eligible mortgage loans.
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