Wall Street brokerages predict that AGNC Investment Corp. (NASDAQ:AGNC) will post earnings per share (EPS) of $0.56 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for AGNC Investment’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.58. AGNC Investment reported earnings per share of $0.60 in the same quarter last year, which suggests a negative year over year growth rate of 6.7%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, April 24th.
On average, analysts expect that AGNC Investment will report full year earnings of $2.29 per share for the current year, with EPS estimates ranging from $2.16 to $2.37. For the next financial year, analysts anticipate that the firm will post earnings of $2.37 per share, with EPS estimates ranging from $2.30 to $2.44. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for AGNC Investment.
AGNC Investment (NASDAQ:AGNC) last released its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.06). The business had revenue of $186.00 million during the quarter, compared to the consensus estimate of $341.58 million. AGNC Investment had a return on equity of 11.86% and a net margin of 11.85%. During the same quarter in the previous year, the business posted $0.63 earnings per share.
A number of research firms have issued reports on AGNC. Zacks Investment Research upgraded AGNC Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. BidaskClub downgraded AGNC Investment from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. TheStreet downgraded AGNC Investment from a “c” rating to a “d+” rating in a research note on Thursday, January 31st. Keefe, Bruyette & Woods upgraded AGNC Investment from a “market perform” rating to an “outperform” rating in a research note on Sunday, January 13th. Finally, Nomura began coverage on AGNC Investment in a research note on Wednesday, March 27th. They set a “neutral” rating and a $18.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.60.
Several hedge funds have recently bought and sold shares of AGNC. BlackRock Inc. lifted its position in shares of AGNC Investment by 19.2% during the 4th quarter. BlackRock Inc. now owns 51,196,346 shares of the real estate investment trust’s stock valued at $897,984,000 after buying an additional 8,228,391 shares in the last quarter. Norges Bank purchased a new position in shares of AGNC Investment during the 4th quarter valued at about $122,698,000. Scout Investments Inc. purchased a new position in shares of AGNC Investment during the 4th quarter valued at about $103,298,000. Vanguard Group Inc lifted its position in shares of 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 in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of AGNC Investment by 405.6% during the 4th quarter. Bank of America Corp DE now owns 3,092,733 shares of the real estate investment trust’s stock valued at $54,246,000 after buying an additional 2,481,065 shares in the last quarter. 69.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AGNC Investment stock traded up $0.01 during trading hours on Thursday, reaching $18.17. 124,598 shares of the stock traded hands, compared to its average volume of 4,116,317. The company has a market cap of $9.75 billion, a P/E ratio of 7.73, a P/E/G ratio of 2.65 and a beta of 0.17. AGNC Investment has a one year low of $16.96 and a one year high of $19.72. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.03.
The business also recently disclosed a apr 19 dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a dividend yield of 11.9%. AGNC Investment’s payout ratio is currently 91.91%.
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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