Federal Agricultural Q1 2024 Adj EPS $3.96 Misses $4.06 Estimate, Sales $89.103M Miss $92.255M Estimate

5/6/24 7:32:58 AM ET

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Federal Agricultural (NYSE:AGM) reported quarterly earnings of $3.96 per share which missed the analyst consensus estimate of $4.06 by 2.46 percent. The company reported quarterly sales of $89.103 million which missed the analyst consensus estimate of $92.255 million by 3.42 percent. This is a 7.49 percent increase over sales of $82.894 million the same period last year.

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Recent Analyst Ratings for
$AGM

Date	Price Target	Rating	Analyst
7/29/2024	$212.00 → $215.00	Outperform → Mkt Perform	Keefe Bruyette
9/6/2023	$220.00	Outperform	Keefe Bruyette
3/29/2023	$170.00	Neutral → Buy	Sidoti
2/23/2023	$139.00	Buy → Neutral	Sidoti
1/23/2023		Buy	Seaport Research Partners
5/5/2022	$138.00	Neutral → Buy	Sidoti

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Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
WASHINGTON, Nov. 6, 2024 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a fourth quarter dividend of $1.40 per share for each of Farmer Mac's three classes of common stock – Class A Voting Common Stock (NYSE:AGM), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE:AGM). The quarterly dividend will be payable on December 31, 2024 to holders of record of common stock as of December 16, 2024. Farmer Mac's board of directors has also declared a dividend on each of F
11/6/24 4:15:00 PM ET
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Farmer Mac Reports Third Quarter 2024 Results
- Outstanding Business Volume of $28.5 Billion - WASHINGTON, Nov. 4, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced its results for the fiscal quarter ended September 30, 2024. "Farmer Mac delivered another solid quarter, demonstrating yet again the benefits of our successful efforts to continue to diversify our revenue streams, taking advantage of our strong capital base and uninter
11/4/24 4:05:00 PM ET
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Farmer Mac to Announce Third Quarter 2024 Financial Results
WASHINGTON, Oct. 21, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended September 30, 2024, on Monday, November 4, 2024, before the opening of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m. eastern time. The conference call can be accessed by telephone or webcast as follow
10/21/24 4:15:00 PM ET
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Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
WASHINGTON, Nov. 6, 2024 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a fourth quarter dividend of $1.40 per share for each of Farmer Mac's three classes of common stock – Class A Voting Common Stock (NYSE:AGM), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE:AGM). The quarterly dividend will be payable on December 31, 2024 to holders of record of common stock as of December 16, 2024. Farmer Mac's board of directors has also declared a dividend on each of F
11/6/24 4:15:00 PM ET
$AGM
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Farmer Mac Reports Third Quarter 2024 Results
- Outstanding Business Volume of $28.5 Billion - WASHINGTON, Nov. 4, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced its results for the fiscal quarter ended September 30, 2024. "Farmer Mac delivered another solid quarter, demonstrating yet again the benefits of our successful efforts to continue to diversify our revenue streams, taking advantage of our strong capital base and uninter
11/4/24 4:05:00 PM ET
$AGM
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Farmer Mac to Announce Third Quarter 2024 Financial Results
WASHINGTON, Oct. 21, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ((Farmer Mac, NYSE:AGM), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended September 30, 2024, on Monday, November 4, 2024, before the opening of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m. eastern time. The conference call can be accessed by telephone or webcast as follow
10/21/24 4:15:00 PM ET
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Leadership Updates

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Bruce Sherrick Joins Farmland Partners Board of Directors
Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced the addition of Dr. Bruce Sherrick, a renowned agricultural economist and farmland expert at the University of Illinois, to its Board of Directors (the "Board"), effective July 23, 2024. Dr. Sherrick has held the Marjorie and Jerry Fruin Professorship at the University of Illinois since 2013 and has run the TIAA-CREF Center for Farmland Research at the university's Department of Agricultural and Consumer Economics since 2014. For the past 22 years, Dr. Sherrick has also been a Managing Partner at Integrated Financial Analytics & Research (iFAR), a consulting firm that specializes in credit risk assessment and model
7/29/24 7:05:00 AM ET
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Farmer Mac Announces Election of Two New Directors
WASHINGTON, May 16, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that Jeffrey L. Plagge and Kevin G. Riel have been elected as the newest members of the company's board of directors. They replace Dennis Brack and Everett Dobrinski on Farmer Mac's board, both of whom chose not to stand for re–election. Commenting on their election, Board Chair Lowell L. Junkins said, "We w
5/16/24 8:30:00 AM ET
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Farmer Mac Appoints Eric T. McKissack to Board of Directors
WASHINGTON, Feb. 24, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac;NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, announced today that Eric T. McKissack of Chicago, Illinois has been appointed the newest member of the company's board of directors. His appointment fills the seat of former board member W. David Hemingway after his unexpected passing in November 2020. Mr. McKissack brings significant financial and investment expertise from his many years as a portfolio management executive. He is the founder and former CEO of Channing Capital Management, L
2/24/21 5:30:00 PM ET
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Federal Agricultural Q1 2024 Adj EPS $3.96 Misses $4.06 Estimate, Sales $89.103M Miss $92.255M Estimate

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Recent Analyst Ratings for $AGM

$AGM Press Releases

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Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock

Farmer Mac Reports Third Quarter 2024 Results

Farmer Mac to Announce Third Quarter 2024 Financial Results

$AGM Analyst Ratings

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Fed Agricult Mortg downgraded by Keefe Bruyette with a new price target

Keefe Bruyette initiated coverage on Fed Agricult Mortg with a new price target

Fed Agricult Mortg upgraded by Sidoti with a new price target

$AGM Insider Trading

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Director Johnson Mitchell A sold $307,040 worth of Class C Non-Voting Common Stock (1,500 units at $204.69), decreasing direct ownership by 12% to 11,060 units (SEC Form 4)

Director Johnson Mitchell A sold $105,000 worth of Class C Non-Voting Common Stock (500 units at $210.00), decreasing direct ownership by 4% to 12,560 units (SEC Form 4)

$AGM Insider Purchases

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Director Ware Todd P bought $12,391 worth of Class C Non-Voting Common Stock (67 units at $184.95), increasing direct ownership by 2% to 3,472 units (SEC Form 4)

Dobrinski Everett M bought $59,311 worth of Class C Non-Voting Common Stock (520 units at $114.11), increasing direct ownership by 8% to 7,300 units (SEC Form 4)

$AGM SEC Filings

Federal Agricultural Mortgage Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

SEC Form 10-Q filed by Federal Agricultural Mortgage Corporation

Federal Agricultural Mortgage Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

$AGM Market Insights

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Keefe, Bruyette & Woods Reiterates Outperform on Federal Agricultural, Lowers Price Target to $212

Federal Agricultural Q1 2024 Adj EPS $3.96 Misses $4.06 Estimate, Sales $89.103M Miss $92.255M Estimate

Federal Agricultural Mortgage Raises Quarterly Common Stock Dividend By 27% From $1.10 To $1.40 Per Share

$AGM Financials

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Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock

Farmer Mac Reports Third Quarter 2024 Results

Farmer Mac to Announce Third Quarter 2024 Financial Results

$AGM Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Federal Agricultural Mortgage Corporation

Amendment: SEC Form SC 13G/A filed by Federal Agricultural Mortgage Corporation

Amendment: SEC Form SC 13G/A filed by Federal Agricultural Mortgage Corporation

$AGM Leadership Updates

Live Leadership Updates

Bruce Sherrick Joins Farmland Partners Board of Directors

Farmer Mac Announces Election of Two New Directors

Farmer Mac Appoints Eric T. McKissack to Board of Directors

Recent Analyst Ratings for
$AGM

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