Walker & Dunlop (NYSE:WD) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Walker & Dunlop (NYSE:WD) issued 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. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. The business had revenue of $292.30 million during the quarter, compared to the consensus estimate of $294.24 million. During the same period in the prior year, the firm earned $1.11 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year.

Walker & Dunlop Stock Up 0.8 %

WD traded up $0.94 on Friday, hitting $111.93. The company’s stock had a trading volume of 173,405 shares, compared to its average volume of 203,047. The company’s 50 day simple moving average is $110.18 and its 200-day simple moving average is $102.83. The firm has a market cap of $3.78 billion, a P/E ratio of 43.38 and a beta of 1.55. Walker & Dunlop has a 12 month low of $68.88 and a 12 month high of $118.19.

Walker & Dunlop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, November 22nd. Walker & Dunlop’s dividend payout ratio (DPR) is presently 100.39%.

Analyst Upgrades and Downgrades

WD has been the topic of several analyst reports. Wolfe Research raised shares of Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday, September 24th. Wedbush upped their price target on shares of Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Keefe, Bruyette & Woods upped their price target on shares of 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, StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th.

Insider Buying and Selling at Walker & Dunlop

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total value of $1,471,607.00. Following the completion of the transaction, the chief operating officer now directly owns 53,869 shares of the company’s stock, valued at $5,715,500.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.47% of the company’s stock.

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.