Analysts Anticipate American Capital Agency Corp. (AGNC) to Announce $0.63 EPS

Equities research analysts forecast that American Capital Agency Corp. (NASDAQ:AGNC) will report earnings of $0.63 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for American Capital Agency Corp.’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.66. American Capital Agency Corp. reported earnings per share of $0.64 during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.6%. The firm is expected to issue its next quarterly earnings results on Monday, October 23rd.

On average, analysts expect that American Capital Agency Corp. will report full year earnings of $2.56 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.62. For the next financial year, analysts forecast that the firm will report earnings of $2.40 per share, with EPS estimates ranging from $2.10 to $2.68. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow American Capital Agency Corp..

American Capital Agency Corp. (NASDAQ:AGNC) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.07. The firm had revenue of $181 million for the quarter, compared to the consensus estimate of $203.44 million. American Capital Agency Corp. had a net margin of 161.49% and a return on equity of 12.08%. American Capital Agency Corp.’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS.

Several research analysts recently issued reports on AGNC shares. BidaskClub downgraded shares of American Capital Agency Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded shares of American Capital Agency Corp. from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, July 31st. Maxim Group reiterated a “buy” rating and set a $21.25 price target on shares of American Capital Agency Corp. in a research report on Thursday, July 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.00 price target on shares of American Capital Agency Corp. in a research report on Tuesday, July 4th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $20.00 price target on shares of American Capital Agency Corp. in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.14.

In other American Capital Agency Corp. news, Director Morris A. Davis sold 3,741 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $20.80, for a total transaction of $77,812.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGNC. BlackRock Inc. increased its position in American Capital Agency Corp. by 6.8% in the second quarter. BlackRock Inc. now owns 32,944,260 shares of the real estate investment trust’s stock worth $701,384,000 after buying an additional 2,104,981 shares during the last quarter. Vanguard Group Inc. increased its position in American Capital Agency Corp. by 4.6% in the first quarter. Vanguard Group Inc. now owns 26,795,085 shares of the real estate investment trust’s stock worth $532,955,000 after buying an additional 1,177,783 shares during the last quarter. State Street Corp increased its position in American Capital Agency Corp. by 2.9% in the first quarter. State Street Corp now owns 10,810,056 shares of the real estate investment trust’s stock worth $215,029,000 after buying an additional 300,474 shares during the last quarter. Artisan Partners Limited Partnership increased its position in American Capital Agency Corp. by 2.2% in the first quarter. Artisan Partners Limited Partnership now owns 7,475,203 shares of the real estate investment trust’s stock worth $148,682,000 after buying an additional 159,188 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in American Capital Agency Corp. by 17.6% in the second quarter. Wells Fargo & Company MN now owns 6,611,039 shares of the real estate investment trust’s stock worth $140,749,000 after buying an additional 987,395 shares during the last quarter. Institutional investors own 60.75% of the company’s stock.

American Capital Agency Corp. (NASDAQ:AGNC) traded down 0.42% during mid-day trading on Wednesday, hitting $21.45. 1,718,476 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $21.31 and a 200 day moving average of $20.67. American Capital Agency Corp. has a 52 week low of $17.30 and a 52 week high of $22.34. The stock has a market capitalization of $7.63 billion, a P/E ratio of 4.49 and a beta of 0.20.

The firm also recently announced a aug 17 dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 29th. American Capital Agency Corp.’s payout ratio is presently 44.63%.

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About American Capital Agency Corp.

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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