I initiated a position in Federal Agricultural Mortgage Corporation (AGM) preferreds, specifically series F, due to an attractive yield and relative value. AGM preferreds currently offer a yield north of 6.8%, about 2% above the 30-year Treasury, with spreads wider than historical norms. I see the recent spread as a sentiment-driven opportunity, not a sign of fundamental stress, given the farm sector's low leverage and AGM's strong loan-to-value metrics.
Farmer Mac delivered strong Q3 results, with net interest income up 13% and robust dividend coverage. AGM maintains manageable loan loss provisions, supported by low loan-to-value ratios and resilient collateral monetization. I remain bullish on AGM common shares, citing attractive valuation, solid earnings, and ongoing share buybacks.
Federal Agricultural Mortgage (AGM) came out with quarterly earnings of $4.52 per share, beating the Zacks Consensus Estimate of $4.43 per share. This compares to earnings of $4.1 per share a year ago.
Federal Agricultural Mortgage Corporation ( AGM ) Q3 2025 Earnings Call November 3, 2025 4:30 PM EST Company Participants Jalpa Nazareth - Senior Director of Investor Relations & Finance Strategy Bradford Nordholm - Chief Executive Officer Zachary Carpenter - President & Chief Operating Officer Conference Call Participants Bose George - Keefe, Bruyette, & Woods, Inc., Research Division William Ryan - Seaport Research Partners Brendan Michael McCarthy - Sidoti & Company, LLC Presentation Operator " Jalpa Nazareth Senior Director of Investor Relations & Finance Strategy " Bradford Nordholm Chief Executive Officer " Zachary Carpenter President & Chief Operating Officer " Bose George Keefe, Bruyette, & Woods, Inc., Research Division " Keefe, Bruyette, & Woods, Inc., Research Division William Ryan Seaport Research Partners " Seaport Research Partners Brendan Michael McCarthy Sidoti & Company, LLC " Sidoti & Company, LLC Operator Good afternoon, ladies and gentlemen, and welcome to the Farmer Mac Third Quarter 2025 Earnings Results Conference Call. [Operator Instructions] This call is being recorded on November 3, 2025.
Farmer Mac (AGM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors interested in stocks from the Financial - Mortgage & Related Services sector have probably already heard of Federal Agricultural Mortgage (AGM) and Zillow Group (ZG). But which of these two stocks is more attractive to value investors?
Farmer Mac (AGM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Investors interested in stocks from the Financial - Mortgage & Related Services sector have probably already heard of Federal Agricultural Mortgage (AGM) and Zillow Group (ZG). But which of these two stocks offers value investors a better bang for their buck right now?
Federal Agricultural Mortgage Corporation (NYSE:AGM ) Q2 2025 Earnings Conference Call August 6, 2025 4:30 PM ET Company Participants Bradford Todd Nordholm - President & CEO Gregory N. Ramsey - Interim Principal Financial Officer, VP & Chief Accounting Officer Jalpa Nazareth - Senior Director of Investor Relations & Finance Strategy Marc J.
Federal Agricultural Mortgage (AGM) came out with quarterly earnings of $4.32 per share, beating the Zacks Consensus Estimate of $4.29 per share. This compares to earnings of $3.63 per share a year ago.
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams will tell shareholders at today's annual meeting that "these are very exciting times" for the company, with an increasing number of boots on the ground at its Tulu Kapi gold project in Ethiopia. This follows all principal conditions precedent having been for launching development at the project, with initial construction and security camps completed.