Wall Street brokerages forecast that AGNC Investment Corp. (NASDAQ:AGNC) will report $0.61 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for AGNC Investment’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.60. AGNC Investment posted earnings per share of $0.64 in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.7%. The firm is expected to issue its next earnings report on Wednesday, April 25th.
On average, analysts expect that AGNC Investment will report full-year earnings of $2.41 per share for the current year, with EPS estimates ranging from $2.30 to $2.55. For the next financial year, analysts forecast that the firm will post earnings of $2.30 per share, with EPS estimates ranging from $1.98 to $2.63. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for AGNC Investment.
AGNC Investment (NASDAQ:AGNC) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $212.00 million for the quarter, compared to analyst estimates of $204.32 million. AGNC Investment had a net margin of 86.72% and a return on equity of 11.89%. During the same quarter last year, the business posted $0.64 earnings per share.
Shares of AGNC stock traded up $0.10 during trading hours on Friday, hitting $18.95. 3,345,112 shares of the company’s stock traded hands, compared to its average volume of 2,840,184. The company has a market capitalization of $7,415.46, a P/E ratio of 7.70 and a beta of -0.06. AGNC Investment has a 12 month low of $17.84 and a 12 month high of $22.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.24 and a current ratio of 0.24.
The company also recently announced a mar 18 dividend, which will be paid on Monday, April 9th. Investors of record on Thursday, March 29th will be paid a dividend of $0.18 per share. This represents a yield of 11.49%. The ex-dividend date of this dividend is Wednesday, March 28th. AGNC Investment’s dividend payout ratio is presently 87.80%.
In other AGNC Investment news, CFO Peter J. Federico sold 13,500 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $18.54, for a total value of $250,290.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.
Large investors have recently bought and sold shares of the business. Advisors Preferred LLC boosted its holdings in AGNC Investment by 1,328.9% during the fourth quarter. Advisors Preferred LLC now owns 5,001 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 4,651 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in AGNC Investment by 227.8% during the third quarter. Chicago Partners Investment Group LLC now owns 5,900 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 4,100 shares during the last quarter. Advantage Investment Management LLC purchased a new position in AGNC Investment during the fourth quarter worth about $131,000. Victory Capital Management Inc. boosted its holdings in AGNC Investment by 154.5% during the fourth quarter. Victory Capital Management Inc. now owns 6,567 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 3,987 shares during the last quarter. Finally, National Pension Service purchased a new position in AGNC Investment during the fourth quarter worth about $179,000. Institutional investors and hedge funds own 67.86% of the company’s stock.
AGNC Investment Company Profile
AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs).
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