Zacks: Analysts Expect AGNC Investment Corp (AGNC) Will Post Earnings of $0.58 Per Share
Equities research analysts expect AGNC Investment Corp (NASDAQ:AGNC) to announce earnings of $0.58 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for AGNC Investment Corp’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.63. AGNC Investment Corp posted earnings per share of $0.52 in the same quarter last year, which indicates a positive year-over-year growth rate of 11.5%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, April 26th.
On average, analysts expect that AGNC Investment Corp will report full-year earnings of $2.24 per share for the current year, with EPS estimates ranging from $2.15 to $2.44. For the next financial year, analysts forecast that the business will report earnings of $2.20 per share, with EPS estimates ranging from $2.05 to $2.42. Zacks’ earnings per share averages are an average based on a survey of research firms that follow AGNC Investment Corp.
AGNC Investment Corp (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, February 1st. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.05. AGNC Investment Corp had a return on equity of 10.64% and a net margin of 67.21%. The firm earned $295 million during the quarter, compared to the consensus estimate of $214.23 million. During the same quarter in the previous year, the company posted $0.54 EPS.
Several research analysts recently issued reports on AGNC shares. Zacks Investment Research lowered AGNC Investment Corp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 17th. Maxim Group lowered their target price on AGNC Investment Corp from $21.50 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Barclays PLC set a $19.00 target price on AGNC Investment Corp and gave the stock a “hold” rating in a research report on Saturday, February 4th. TheStreet raised AGNC Investment Corp from a “d+” rating to a “c” rating in a research report on Wednesday, March 22nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.00 target price on shares of AGNC Investment Corp in a research report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. AGNC Investment Corp presently has an average rating of “Hold” and a consensus target price of $20.19.
In other news, SVP Bernice Bell sold 5,270 shares of the firm’s stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $19.09, for a total value of $100,604.30. Following the completion of the sale, the senior vice president now directly owns 14,306 shares in the company, valued at approximately $273,101.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.49% of the company’s stock.
Several hedge funds have recently modified their holdings of AGNC. Pekin Singer Strauss Asset Management IL increased its stake in shares of AGNC Investment Corp by 2.6% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 19,430 shares of the real estate investment trust’s stock valued at $352,000 after buying an additional 500 shares in the last quarter. Murphy Capital Management Inc. increased its stake in shares of AGNC Investment Corp by 2.9% in the first quarter. Murphy Capital Management Inc. now owns 18,649 shares of the real estate investment trust’s stock valued at $370,000 after buying an additional 519 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of AGNC Investment Corp by 21.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 12,209 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 2,154 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of AGNC Investment Corp by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 948,719 shares of the real estate investment trust’s stock valued at $18,538,000 after buying an additional 2,784 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of AGNC Investment Corp by 8.6% in the third quarter. Pacer Advisors Inc. now owns 37,381 shares of the real estate investment trust’s stock valued at $730,000 after buying an additional 2,970 shares in the last quarter. Institutional investors own 56.79% of the company’s stock.
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Shares of AGNC Investment Corp (NASDAQ:AGNC) traded up 0.63% during trading on Tuesday, reaching $20.79. The company’s stock had a trading volume of 2,614,460 shares. AGNC Investment Corp has a 52-week low of $17.30 and a 52-week high of $20.86. The firm’s 50-day moving average is $19.85 and its 200 day moving average is $19.22. The company has a market cap of $6.88 billion, a PE ratio of 11.60 and a beta of 0.14.
The company also recently announced a apr 17 dividend, which will be paid on Monday, May 8th. Stockholders of record on Friday, April 28th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, April 26th. This represents a dividend yield of 10.66%. AGNC Investment Corp’s dividend payout ratio is presently 118.68%.
AGNC Investment Corp 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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