AGNC Investment Corp (NASDAQ: AGNC) has reported a loss for its second fiscal quarter (ending June 30) of $-0.11 versus $0.43 for the same period a year ago — a decline of -126%. This result fell short of the consensus estimate of $0.54 by $-0.65. For the latest four quarters through June 30, E.P.S. were $0.35 versus $-0.24 for the same period a year ago.
Recent Price Action
AGNC Investment Corp (NASDAQ: AGNC) stock rose slightly by 0.3% on 7/22/24. The stock closed at $10.25. Moreover, trading volume in this advance was above average at 147% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.9% during the last week.
Current PriceTarget Research Rating
AGNC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
AGNC Investment has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. AGNC Investment has a slightly positive Appreciation Score of 69 and a neutral Power Rating of 48, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment