Federal Agricultural Mortgage (NYSE:AGM) announced its quarterly earnings results on Thursday. The credit services provider reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.05, MarketWatch Earnings reports. Federal Agricultural Mortgage had a return on equity of 15.02% and a net margin of 20.06%. The company had revenue of $49.50 million during the quarter.
Shares of Federal Agricultural Mortgage stock opened at $72.52 on Friday. Federal Agricultural Mortgage has a 1 year low of $64.69 and a 1 year high of $99.11. The stock has a market capitalization of $769.41 million, a price-to-earnings ratio of 10.23 and a beta of 1.14. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 1.97.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be issued a $0.58 dividend. The ex-dividend date is Thursday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 3.20%.
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: 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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