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

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

Walker & Dunlop Stock Up 0.8 %

Shares of Walker & Dunlop stock traded up $0.94 during mid-day trading on Friday, reaching $111.93. 183,285 shares of the stock traded hands, compared to its average volume of 203,092. Walker & Dunlop has a fifty-two week low of $68.88 and a fifty-two week high of $118.19. The business has a 50-day moving average of $110.18 and a 200 day moving average 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 declared 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 is Friday, November 22nd. Walker & Dunlop’s payout ratio is presently 100.39%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of Walker & Dunlop stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $106.10, for a total value of $1,471,607.00. Following the sale, the chief operating officer now owns 53,869 shares in the company, valued at $5,715,500.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.47% of the stock is currently owned by company insiders.

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.