Wall Street analysts predict that AGNC Investment Corp. (NASDAQ:AGNC) will announce earnings per share (EPS) of $0.61 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for AGNC Investment’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.63. AGNC Investment reported earnings of $0.62 per share during the same quarter last year, which suggests a negative year over year growth rate of 1.6%. The business is scheduled to announce its next quarterly earnings report on Wednesday, January 30th.
On average, analysts expect that AGNC Investment will report full year earnings of $2.45 per share for the current year, with EPS estimates ranging from $2.43 to $2.47. For the next financial year, analysts expect that the firm will post earnings of $2.44 per share, with EPS estimates ranging from $2.35 to $2.61. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover AGNC Investment.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.02. AGNC Investment had a return on equity of 12.05% and a net margin of 125.99%. The firm had revenue of $188.00 million during the quarter, compared to analysts’ expectations of $324.65 million. During the same period last year, the business posted $0.62 earnings per share.
Shares of NASDAQ:AGNC traded down $0.03 during trading on Friday, hitting $17.70. The stock had a trading volume of 15,988,541 shares, compared to its average volume of 8,949,612. AGNC Investment has a 12-month low of $17.26 and a 12-month high of $20.84. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 2.42 and a beta of 0.10. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.03.
The business also recently declared a nov 18 dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 30th will be given a dividend of $0.18 per share. This represents a yield of 12.16%. The ex-dividend date of this dividend is Thursday, November 29th. AGNC Investment’s dividend payout ratio is currently 87.80%.
In related news, Director Larry K. Harvey purchased 4,000 shares of AGNC Investment stock in a transaction that occurred on Tuesday, October 30th. The stock was bought at an average cost of $17.74 per share, for a total transaction of $70,960.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Morris A. Davis sold 6,797 shares of AGNC Investment stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $129,958.64. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd purchased a new position in AGNC Investment during the second quarter valued at approximately $127,000. Stratos Wealth Partners LTD. purchased a new stake in shares of AGNC Investment in the third quarter valued at approximately $144,000. CIBC Private Wealth Group LLC increased its position in shares of AGNC Investment by 6,645.0% in the second quarter. CIBC Private Wealth Group LLC now owns 8,094 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 7,974 shares in the last quarter. NEXT Financial Group Inc purchased a new stake in shares of AGNC Investment in the third quarter valued at approximately $170,000. Finally, First Hawaiian Bank purchased a new stake in shares of AGNC Investment in the third quarter valued at approximately $170,000. Institutional investors own 62.60% of the company’s stock.
About AGNC Investment
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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