Walker & Dunlop (NYSE:WD) Issues Earnings Results

Walker & Dunlop (NYSE:WD) posted its quarterly earnings data on Thursday. The financial services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.10), Briefing.com reports. The company had revenue of $292.30 million during the quarter, compared to the consensus estimate of $294.24 million. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 EPS.

Walker & Dunlop Price Performance

WD stock traded up $0.94 during midday trading on Friday, reaching $111.93. 173,418 shares of the stock were exchanged, compared to its average volume of 203,047. Walker & Dunlop has a 52 week low of $68.88 and a 52 week high of $118.19. The company has a fifty day moving average price of $110.18 and a 200 day moving average price of $102.83. The stock has a market capitalization of $3.78 billion, a PE ratio of 43.38 and a beta of 1.55.

Walker & Dunlop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 2.32%. Walker & Dunlop’s dividend payout ratio is currently 100.39%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WD. Wolfe Research upgraded shares of Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th. StockNews.com raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Keefe, Bruyette & Woods raised their price objective on Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Finally, Wedbush lifted their price target on Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th.

Insider Buying and Selling at Walker & Dunlop

In related news, COO Stephen P. Theobald sold 13,870 shares of Walker & Dunlop stock in a transaction that occurred on 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 in the company, valued at $5,715,500.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.47% of the company’s stock.

About Walker & Dunlop

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.