Federal Agricultural Mortgage Corporation (NYSE:AGM) headquartered in Washington, will host a conference call for the investment community to discuss the 2Q20 earnings result on 10th August 2020 at 5:00 PM Eastern Time.
Those interested in listening to the conference call live via the Internet can visit www.farmermac.com
Earnings Expectation
Federal Agricultural Mortgage Corporation is set to announce second quarter earning results on Monday 10th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AGM to report 2Q20 income of $ 2.29 per share. For the full year, analysts anticipate top line of $ 198.21 million, while looking forward to income of $ 8.74 per share bottom line.
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans.
