Wall Street analysts predict that AGNC Investment Corp. (NASDAQ:AGNC) will post earnings per share of $0.50 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for AGNC Investment’s earnings, with estimates ranging from $0.48 to $0.52. AGNC Investment reported earnings of $0.63 per share in the same quarter last year, which would suggest a negative year over year growth rate of 20.6%. The company is expected to report its next quarterly earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that AGNC Investment will report full-year earnings of $2.02 per share for the current year, with EPS estimates ranging from $1.97 to $2.08. For the next fiscal year, analysts expect that the firm will post earnings of $2.05 per share, with EPS estimates ranging from $1.96 to $2.12. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for AGNC Investment.
AGNC Investment (NASDAQ:AGNC) last announced its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The firm had revenue of $164.00 million during the quarter, compared to analysts’ expectations of $327.08 million. AGNC Investment had a negative net margin of 4.10% and a positive return on equity of 11.71%. During the same quarter in the previous year, the firm posted $0.60 EPS.
In related news, CEO Gary D. Kain acquired 7,500 shares of the stock in a transaction dated Friday, May 24th. The shares were acquired at an average price of $17.01 per share, for a total transaction of $127,575.00. Following the completion of the purchase, the chief executive officer now owns 1,300 shares in the company, valued at approximately $22,113. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Morris A. Davis sold 11,537 shares of AGNC Investment stock in a transaction on Friday, April 26th. The stock was sold at an average price of $17.94, for a total transaction of $206,973.78. Following the sale, the director now owns 17,546 shares in the company, valued at approximately $314,775.24. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in AGNC. Vanguard Group Inc increased its stake in AGNC Investment by 14.0% during the 3rd quarter. Vanguard Group Inc now owns 41,306,726 shares of the real estate investment trust’s stock valued at $769,544,000 after buying an additional 5,066,044 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of AGNC Investment by 25.8% in the fourth quarter. Advisors Asset Management Inc. now owns 473,660 shares of the real estate investment trust’s stock worth $8,308,000 after buying an additional 97,129 shares during the period. Rhumbline Advisers boosted its holdings in shares of AGNC Investment by 14.1% during the fourth quarter. Rhumbline Advisers now owns 494,383 shares of the real estate investment trust’s stock worth $8,671,000 after purchasing an additional 60,978 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of AGNC Investment by 10.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 18,434 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 1,800 shares during the period. Finally, Victory Capital Management Inc. raised its position in AGNC Investment by 2.1% during the fourth quarter. Victory Capital Management Inc. now owns 708,181 shares of the real estate investment trust’s stock valued at $12,422,000 after acquiring an additional 14,495 shares in the last quarter. 68.39% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ AGNC traded up $0.11 during mid-day trading on Tuesday, hitting $16.94. The stock had a trading volume of 206,434 shares, compared to its average volume of 5,294,023. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.25 and a current ratio of 0.25. The stock’s 50 day moving average price is $17.01. AGNC Investment has a twelve month low of $16.19 and a twelve month high of $19.72. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 2.78 and a beta of 0.22.
The business also recently announced a jun 19 dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, June 27th. AGNC Investment’s payout ratio is 81.70%.
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).
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