Zacks: Analysts Expect AGNC Investment Corp. (AGNC) to Post $0.61 Earnings Per Share

Equities analysts expect AGNC Investment Corp. (NASDAQ:AGNC) to post $0.61 earnings per share for the current fiscal quarter, according to Zacks. 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 posted earnings of $0.64 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 4.7%. The business is expected to announce its next quarterly earnings results after the market closes on Wednesday, April 25th.

According to Zacks, analysts expect that AGNC Investment will report full-year earnings of $2.41 per share for the current year, with EPS estimates ranging from $2.30 to $2.55. For the next year, analysts expect that the firm will post earnings of $2.30 per share, with EPS estimates ranging from $1.98 to $2.63. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for AGNC Investment.

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AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. AGNC Investment had a net margin of 86.72% and a return on equity of 11.89%. The business had revenue of $212.00 million during the quarter, compared to analyst estimates of $204.32 million. During the same quarter last year, the firm posted $0.64 earnings per share.

Several research analysts have recently commented on the stock. BidaskClub lowered shares of AGNC Investment from a “hold” rating to a “sell” rating in a research note on Thursday, April 12th. ValuEngine lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Zacks Investment Research lowered shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, April 4th. Barclays decreased their price target on shares of AGNC Investment from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.50 price target on shares of AGNC Investment in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $19.96.

Shares of NASDAQ AGNC traded down $0.02 during midday trading on Wednesday, hitting $18.76. The company’s stock had a trading volume of 1,825,206 shares, compared to its average volume of 3,913,284. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.24 and a current ratio of 0.24. AGNC Investment has a 1 year low of $17.84 and a 1 year high of $22.34. The firm has a market cap of $7,333.28, a price-to-earnings ratio of 7.63 and a beta of -0.06.

The company also recently declared a apr 18 dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 30th will be paid a $0.18 dividend. The ex-dividend date is Friday, April 27th. This represents a yield of 11.61%. AGNC Investment’s dividend payout ratio is currently 87.80%.

In related news, CFO Peter J. Federico sold 13,500 shares of AGNC Investment stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $18.54, for a total value of $250,290.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Advisors Preferred LLC lifted its stake in AGNC Investment by 1,328.9% in the fourth quarter. Advisors Preferred LLC now owns 5,001 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 4,651 shares during the last quarter. Advantage Investment Management LLC purchased a new position in AGNC Investment in the 4th quarter valued at about $131,000. Victory Capital Management Inc. lifted its holdings in AGNC Investment by 154.5% in the 4th quarter. Victory Capital Management Inc. now owns 6,567 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 3,987 shares in the last quarter. National Pension Service purchased a new position in AGNC Investment in the 4th quarter valued at about $179,000. Finally, Ford Financial Group Inc. purchased a new position in AGNC Investment in the 4th quarter valued at about $181,000. Institutional investors own 67.78% of the company’s stock.

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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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