AGM Stock - Federal Agricultural Mortgage Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.62B | $1.42B | $755.02M | $447.70M | $519.84M |
| Gross Profit | $363.69M | $350.20M | $308.31M | $245.88M | $198.84M |
| Gross Margin | 22.4% | 24.7% | 40.8% | 54.9% | 38.2% |
| Operating Income | $258.10M | $253.10M | $225.68M | $172.46M | $137.43M |
| Net Income | $207.19M | $200.00M | $178.14M | $136.09M | $108.65M |
| Net Margin | 12.8% | 14.1% | 23.6% | 30.4% | 20.9% |
| EPS | $16.59 | $15.96 | $13.99 | $10.36 | $8.31 |
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural and rural development loans guaranteed by the USDA. The Rural Utilities segment purchases and guarantees securities that are backed by loans for electric or telecommunications facilities by lenders organized as cooperatives to borrowers; and purchases eligible rural utilities loans and guarantees of securities backed by those loans, as well as LTSPCs for pools of eligible rural utilities loans. The Institutional Credit segment guarantees and purchases general obligations of lenders and other financial institutions that are secured by pools of loans eligible under the Farmer Mac's Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. Federal Agricultural Mortgage Corporation was founded in 1987 and is headquartered in Washington, District of Columbia.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| July 29th 2024 | Keefe Bruyette | Downgrade | Market Perform | $215← $212 |
| September 6th 2023 | Keefe Bruyette | Initiation | Outperform | $220 |
| March 29th 2023 | Sidoti | Upgrade | Buy | $170 |
| February 23rd 2023 | Sidoti | Downgrade | Neutral | $139 |
| January 23rd 2023 | Seaport Research Partners | Initiation | Buy | - |
| May 5th 2022 | Sidoti | Upgrade | Buy | $138 |
Earnings History & Surprises
AGMEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 7, 2026 | — | — | — | — |
Q1 2026 | Feb 20, 2026 | $4.50 | — | — | — |
Q4 2025 | Nov 3, 2025 | $4.43 | $4.52 | +2.0% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $4.29 | $4.32 | +0.7% | ✓ BEAT |
Q2 2025 | May 9, 2025 | $4.00 | $4.19 | +4.8% | ✓ BEAT |
Q1 2025 | Feb 21, 2025 | $4.17 | $3.97 | -4.8% | ✗ MISS |
Q4 2024 | Nov 4, 2024 | $4.11 | $4.10 | -0.2% | ✗ MISS |
Q3 2024 | Aug 5, 2024 | $4.08 | $3.63 | -11.0% | ✗ MISS |
Q2 2024 | May 6, 2024 | $4.06 | $3.96 | -2.5% | ✗ MISS |
Q1 2024 | Feb 23, 2024 | $4.05 | $4.10 | +1.2% | ✓ BEAT |
Q4 2023 | Nov 6, 2023 | $4.00 | $4.13 | +3.2% | ✓ BEAT |
Q3 2023 | Aug 7, 2023 | $3.23 | $3.86 | +19.5% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $2.88 | $3.56 | +23.6% | ✓ BEAT |
Q1 2023 | Feb 24, 2023 | $2.92 | $3.16 | +8.2% | ✓ BEAT |
Q4 2022 | Nov 7, 2022 | $2.90 | $3.07 | +5.9% | ✓ BEAT |
Q3 2022 | Aug 8, 2022 | $2.83 | $2.83 | 0.0% | = MET |
Q2 2022 | May 9, 2022 | $2.59 | $2.37 | -8.5% | ✗ MISS |
Q1 2022 | Feb 28, 2022 | $2.66 | $2.76 | +3.8% | ✓ BEAT |
Q4 2021 | Nov 8, 2021 | — | $2.55 | — | — |
Q3 2021 | Aug 5, 2021 | $2.54 | $2.77 | +9.1% | ✓ BEAT |
Latest News
Federal Agricultural Mortgage Appoints Matthew Pullins As EVP, CFO And Treasurer, Effective December 11
➖ NeutralKeefe, Bruyette & Woods Upgrades Federal Agricultural to Outperform, Raises Price Target to $219
📈 PositiveFederal Agricultural Q3 Adj. EPS $4.52 Beats $4.47 Estimate, Sales $105.086M Beat $101.025M Estimate
📈 PositiveFarmer Mac CEO Bradford Nordholm To Retire On March 31, 2027; EVP Zachary Carpenter Named President & COO, Designated Successor
➖ NeutralFederal Agricultural Mortgage Non-GAAP EPS of $4.32 beats by $0.03
📈 PositiveFrequently Asked Questions about AGM
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