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American Capital Agency (AGNC): Q3 EPS of $3.98 may not be comparable to consensus of $1.08. (PR)

American Capital Agency (AGNC): Q3 EPS of $3.98 may not be comparable to consensus of $1.08. (PR)
Comments (7)
  • Kurtwalter
    , contributor
    Comments (61) | Send Message
     
    THIRD QUARTER 2012 FINANCIAL HIGHLIGHTS

     

    •$3.98 comprehensive income per common share, comprised of: ◦$0.25 net income per common share
    ◦$3.73 other comprehensive income ("OCI") per common share ■Driven by net unrealized gains on investments marked-to-market through OCI

     

    •$0.79 net spread income per common share ◦Comprised of interest income, net of cost of funds (including interest rate swaps) and operating expenses
    ◦$0.86 per common share, excluding approximately $(0.07) per common share of "catch-up" premium amortization cost due to change in projected constant prepayment rate ("CPR") estimates

     

    Read more here: http://sacb.ee/WVLTfc
    29 Oct 2012, 02:09 PM Reply Like
  • Moneyman CPA
    , contributor
    Comments (55) | Send Message
     
    The management of AGNC is absloutly brilliant! They have secondary offerings when the shares are selling above book value then when shares dip and are selling below book value they initiate a share buy back program. This is a win win for shareholders.
    29 Oct 2012, 02:15 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2482) | Send Message
     
    Big increase in BV, another nice quarter from AGNC.
    29 Oct 2012, 02:27 PM Reply Like
  • footnotereader
    , contributor
    Comments (49) | Send Message
     
    Just remember that in the long run, only net interest income less operating costs matters since all the rest will zero out eventially.
    29 Oct 2012, 03:00 PM Reply Like
  • stockee
    , contributor
    Comments (4) | Send Message
     
    I have been with AGNC for 3 years, along with other mRETS. Although they have not well in the past couple of weeks, much is a refection of the entire financial markets. Overall, I have been happy to add their 14% average interest income to my retirement while they (including AGNC) are not affected as much by all this pessimistic market talk and high speed trading accounts.
    29 Oct 2012, 03:38 PM Reply Like
  • zbignue
    , contributor
    Comments (281) | Send Message
     
    Just keep the dividends coming. I've recouped almost 50% of my original investment from dividends while the share price keeps appreciating. Couldn't ask for much more.
    29 Oct 2012, 04:58 PM Reply Like
  • Mike305
    , contributor
    Comments (31) | Send Message
     
    net spread income is down though. They said they will buy back shares only when it is a good deal/ around book value. Maybe a dividend cut coming soon? I know it was $1.36 taxable income per share down from $1.62/share last quarter.
    29 Oct 2012, 06:23 PM Reply Like
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