Farmer Mac (AGM) Misses Q4 EPS by 8c, Slight Miss on Revenues

Farmer Mac (NYSE: AGM) reported Q4 EPS of $1.90, $0.08 worse than the analyst estimate of $1.98. Revenue for the quarter came in at $44.04 million versus the consensus estimate of $44.1 million.

"Farmer Mac reported another year of strong earnings growth in 2018 and also announced notable developments for 2019," said President and Chief Executive Officer Brad Nordholm. "We are very confident in the strength of our business outlook and our future earnings prospects, as demonstrated by our decision to increase our dividend by more than twenty percent for first quarter 2019. We also announced a significant purchase of seasoned rural utilities loan participations, which reflects the first time we've done this type of business with CoBank. This is an important step forward in serving our mission to rural America."

For earnings history and earnings-related data on Farmer Mac (AGM) click here.

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