AGNC Investment (AGNC) to Release Earnings on Monday

AGNC Investment (NASDAQ:AGNC) will announce its earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

AGNC Investment (NASDAQ:AGNC) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). AGNC Investment had a net margin of 16.15% and a return on equity of 26.21%. The company had revenue of $695.00 million during the quarter, compared to analyst estimates of $643.29 million. During the same period in the prior year, the business earned $0.67 EPS. AGNC Investment’s revenue for the quarter was up 52.1% on a year-over-year basis. On average, analysts expect AGNC Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

AGNC Investment Stock Performance

Shares of AGNC Investment stock opened at $10.31 on Monday. The business has a 50-day simple moving average of $10.25 and a 200-day simple moving average of $9.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 0.27. AGNC Investment has a one year low of $6.81 and a one year high of $10.85. The company has a market cap of $8.07 billion, a PE ratio of 27.87 and a beta of 1.47.

AGNC Investment Dividend Announcement

The company also recently disclosed a oct 24 dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be given a $0.12 dividend. This represents a dividend yield of 14%. The ex-dividend date is Thursday, October 31st. AGNC Investment’s dividend payout ratio is presently 389.20%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Maxim Group downgraded shares of AGNC Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. StockNews.com cut AGNC Investment from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Company raised AGNC Investment from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $10.00 to $12.00 in a research report on Friday, September 20th. Compass Point upped their price target on AGNC Investment from $10.25 to $11.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, JMP Securities reissued a “market perform” rating on shares of AGNC Investment in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, AGNC Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.33.

Insider Buying and Selling

In other AGNC Investment news, CFO Bernice Bell sold 5,000 shares of AGNC Investment stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $10.07, for a total value of $50,350.00. Following the transaction, the chief financial officer now directly owns 298,182 shares in the company, valued at approximately $3,002,692.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by company insiders.

AGNC Investment 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).