Revenue Update on Federal Agricultural Mortgage Corp.(NYSE:AGM)

Federal Agricultural Mortgage Corp.(NYSE:AGM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $35.71M. Analysts estimated a revenue of $34.67M. Earnings per share were $1.23. Analysts had estimated an EPS of $1.14.

In a different note, On May 12, 2016, Compass Point said it Downgrades its rating on Federal Agricultural Mortgage Corp.. The shares have been rated ‘Neutral’ by the firm.

Federal Agricultural Mortgage Corp. (AGM) made into the market gainers list on Wednesdays trading session with the shares advancing 0.07% or 0.03 points. Due to strong positive momentum, the stock ended at $40.13, which is also near the day’s high of $40.3. The stock began the session at $40.11 and the volume stood at 88,133 shares. The 52-week high of the shares is $45.48 and the 52 week low is $22.03. The company has a current market capitalization of $420 M and it has 1,04,70,435 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Sara Louise Faivre-davis (director) sold 1,900 shares at $38.10 per share price.Also, On Jul 15, 2016, Lowell Junkins (director) sold 2,000 shares at $38.75 per share price.On Jul 15, 2016, Dennis A Everson (director) sold 1,500 shares at $38.38 per share price, according to the Form-4 filing with the securities and exchange commission.

Federal Agricultural Mortgage Corporation (Farmer Mac) provides a secondary market for a range of loans made to borrowers in rural America. Farmer Mac operates through four lines of business: Farm & Ranch the United States Department of Agriculture (USDA) Guarantees Rural Utilities and Institutional Credit. Under the Farm & Ranch line of business Farmer Mac purchases mortgage loans on agricultural real estate and rural housing. Under the USDA Guarantees business Farmer Mac II LLC a subsidiary of Farmer Mac purchases agricultural rural development business and industry and community facilities loans guaranteed by the USDA. Under the Rural Utilities business Farmer Mac purchases and guarantees securities backed by rural utilities loans. Under the Institutional Credit line of business Farmer Mac purchases or guarantees general obligations of institutions approved by Farmer Mac. The Company markets its guarantees of securities under the AgVantage brand name.

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