Equities Analysts Set Expectations for Walker & Dunlop, Inc.’s FY2024 Earnings (NYSE:WD)

Walker & Dunlop, Inc. (NYSE:WD) – Investment analysts at Wedbush raised their FY2024 earnings estimates for shares of Walker & Dunlop in a report released on Wednesday, September 25th. Wedbush analyst J. Mccanless now anticipates that the financial services provider will earn $5.48 per share for the year, up from their prior forecast of $5.38. Wedbush has a “Neutral” rating and a $110.00 price target on the stock. The consensus estimate for Walker & Dunlop’s current full-year earnings is $5.27 per share. Wedbush also issued estimates for Walker & Dunlop’s FY2025 earnings at $3.75 EPS.

Several other brokerages have also commented on WD. StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Keefe, Bruyette & Woods upped their price objective on shares of Walker & Dunlop from $105.00 to $112.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Wolfe Research upgraded shares of Walker & Dunlop to a “strong-buy” rating in a report on Tuesday, September 24th.

Walker & Dunlop Trading Down 1.4 %

Shares of NYSE WD opened at $112.06 on Friday. Walker & Dunlop has a 12 month low of $62.51 and a 12 month high of $116.26. The firm has a market capitalization of $3.78 billion, a PE ratio of 40.90 and a beta of 1.55. The firm has a fifty day simple moving average of $105.92 and a two-hundred day simple moving average of $99.25.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. The company had revenue of $270.70 million during the quarter, compared to analyst estimates of $274.50 million. During the same period in the prior year, the business posted $0.98 EPS. The firm’s revenue was down .7% compared to the same quarter last year.

Institutional Trading of Walker & Dunlop

Institutional investors have recently made changes to their positions in the stock. Impactive Capital LP lifted its holdings in Walker & Dunlop by 242.0% during the first quarter. Impactive Capital LP now owns 1,034,093 shares of the financial services provider’s stock valued at $104,505,000 after purchasing an additional 731,714 shares in the last quarter. Norges Bank purchased a new position in Walker & Dunlop during the fourth quarter valued at approximately $40,059,000. Victory Capital Management Inc. lifted its holdings in Walker & Dunlop by 13.8% during the second quarter. Victory Capital Management Inc. now owns 1,063,522 shares of the financial services provider’s stock valued at $104,438,000 after purchasing an additional 129,289 shares in the last quarter. GPM Growth Investors Inc. purchased a new position in Walker & Dunlop during the second quarter valued at approximately $4,595,000. Finally, Castleark Management LLC purchased a new position in Walker & Dunlop during the first quarter valued at approximately $4,297,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Insider Buying and Selling

In related news, COO Stephen P. Theobald sold 13,870 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $106.10, for a total transaction of $1,471,607.00. Following the sale, the chief operating officer now directly owns 53,869 shares of the company’s stock, valued at approximately $5,715,500.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.47% of the stock is owned by company insiders.

Walker & Dunlop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were paid a $0.65 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.60 annualized dividend and a dividend yield of 2.32%. Walker & Dunlop’s payout ratio is 94.89%.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.