Shares of Federal Agricultural 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
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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