$0.62 EPS Expected for AGNC Investment Corp. (AGNC) This Quarter

Wall Street analysts predict that AGNC Investment Corp. (NASDAQ:AGNC) will post earnings of $0.62 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for AGNC Investment’s earnings. The lowest EPS estimate is $0.60 and the highest is $0.64. AGNC Investment posted earnings of $0.64 per share during the same quarter last year, which suggests a negative year over year growth rate of 3.1%. The business is expected to report its next quarterly earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that AGNC Investment will report full year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.53 to $2.56. For the next fiscal year, analysts anticipate that the company will report earnings of $2.40 per share, with EPS estimates ranging from $2.19 to $2.57. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for AGNC Investment.

AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $178.00 million during the quarter, compared to analysts’ expectations of $177.50 million. AGNC Investment had a return on equity of 12.00% and a net margin of 145.02%. During the same period in the prior year, the business posted $0.67 EPS.

A number of equities analysts have recently weighed in on AGNC shares. Zacks Investment Research upgraded AGNC Investment from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a report on Tuesday, October 24th. Maxim Group restated a “buy” rating and set a $21.25 target price on shares of AGNC Investment in a report on Friday, October 27th. BidaskClub upgraded AGNC Investment from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Wells Fargo & Company restated a “market perform” rating and set a $19.00 target price on shares of AGNC Investment in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. AGNC Investment currently has an average rating of “Hold” and a consensus price target of $20.18.

AGNC Investment (NASDAQ:AGNC) traded up $0.04 during midday trading on Friday, hitting $20.36. The stock had a trading volume of 3,644,400 shares, compared to its average volume of 4,037,953. The stock has a market cap of $7,951.13, a PE ratio of 8.00 and a beta of 0.14. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.05. AGNC Investment has a fifty-two week low of $17.30 and a fifty-two week high of $22.34.

The company also recently announced a nov 17 dividend, which will be paid on Friday, December 8th. Investors of record on Thursday, November 30th will be issued a dividend of $0.18 per share. This represents a yield of 11%. The ex-dividend date is Wednesday, November 29th. AGNC Investment’s dividend payout ratio (DPR) is 53.20%.

A number of institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in AGNC Investment by 71.0% during the 3rd quarter. Wells Fargo & Company MN now owns 11,306,947 shares of the real estate investment trust’s stock valued at $245,135,000 after acquiring an additional 4,695,908 shares during the period. Janus Henderson Group PLC raised its position in AGNC Investment by 33.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,672,335 shares of the real estate investment trust’s stock valued at $57,936,000 after purchasing an additional 668,185 shares in the last quarter. Legal & General Group Plc raised its position in AGNC Investment by 6.7% in the 3rd quarter. Legal & General Group Plc now owns 2,247,884 shares of the real estate investment trust’s stock valued at $48,731,000 after purchasing an additional 140,831 shares in the last quarter. Allianz Asset Management GmbH raised its position in AGNC Investment by 18.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,196,593 shares of the real estate investment trust’s stock valued at $47,622,000 after purchasing an additional 345,292 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in AGNC Investment by 71.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,994,575 shares of the real estate investment trust’s stock valued at $43,242,000 after purchasing an additional 829,600 shares in the last quarter. Institutional investors own 65.74% 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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