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American Capital Agency Corp.’s (AGNC) Fourth-Quarter Review

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Analyst Jason Arnold and Andy Ellner at RBC Capital Markets have released an update on American Capital Agency Corp. (NASDAQ: AGNC). The company has reported results for the fourth-quarter.

American Capital Agency Corp. reported GAAP EPS of $1.79, and core EPS of $1. The core EPS came in below analysts’ estimate due to swap expense amortization. According to analysts, the underlying trends at the company remain favorable.

Analysts have lowered core EPS estimate for 2010 from $5.29 to $4.47. Analysts have initiated EPS for 2011 at $4.40.

According to analysts, the valuation of American Capital Agency Corp. remains attractive. Analysts at RBC Capital Markets have maintained an Outperform rating for the company, with a price target of $30.

Posted-In: Andy Ellne Jason Arnold RBC Capital MarketsAnalyst Color Earnings News Markets Analyst Ratings

 

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