Federal Agricultural House loan Company (NYSE:AGM) – Recap: Federal Agricultural Q3 Earnings

Shares of Federal Agricultural (NYSE:AGM) were flat in just after-industry buying and selling just after the corporation described Q3 effects.

Quarterly Outcomes

Earnings for every share greater 18.43% above the previous yr to $2.57, which beat the estimate of $2.25.

Profits of $56,914,000 rose by 18.43% from the exact period of time very last yr, which conquer the estimate of $51,430,000.

Outlook

Federal Agricultural has not issued any earnings guidance for the time currently being.

Revenue steering hasn’t been issued by the enterprise for now.

How To Hear To The Convention Call

Date: Nov 09, 2020

Time: 05:00 PM

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

Technicals

52-7 days high: $87.00

52-week very low: $40.05

Value action about last quarter: down 7.02%

Firm Description

Federal Agricultural Mortgage loan Corp offers agricultural real estate and rural housing mortgage loan financial loans in the secondary market place in the U.S. Its operations consist of 4 segments: Farm & Ranch, USDA Assures, Rural Utilities, and Institutional Credit. The company purchases eligible mortgage financial loans secured by very first liens on agricultural serious estate and rural housing under the Farm & Ranch line of business enterprise. Its subsidiary purchases the portions of specified agricultural, rural improvement, organization and marketplace, and local community services loans confirmed by the USDA.