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Recap: Federal Agricultural Q3 Earnings

Benzinga Insights
·1 min read

Shares of Federal Agricultural (NYSE:AGM) were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 18.43% over the past year to $2.57, which beat the estimate of $2.25.

Revenue of $56,914,000 rose by 18.43% from the same period last year, which beat the estimate of $51,430,000.

Outlook

Federal Agricultural hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Nov 09, 2020

View more earnings on AGM

Time: 05:00 PM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/878/38082

Technicals

52-week high: $87.00

52-week low: $40.05

Price action over last quarter: down 7.02%

Company Description

Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases the portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA.

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