Walker & Dunlop (WD) Set to Announce Quarterly Earnings on Thursday

Walker & Dunlop (NYSE:WD) is scheduled to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $1.29 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Thursday, August 8th. The financial services provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $270.70 million for the quarter, compared to analyst estimates of $274.50 million. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. Walker & Dunlop’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. On average, analysts expect Walker & Dunlop to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Walker & Dunlop Trading Up 0.0 %

Walker & Dunlop stock opened at $112.00 on Thursday. The firm’s 50 day simple moving average is $109.70 and its 200 day simple moving average is $102.10. The firm has a market capitalization of $3.78 billion, a PE ratio of 43.24 and a beta of 1.55. Walker & Dunlop has a 1-year low of $63.41 and a 1-year high of $116.51.

Walker & Dunlop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Thursday, August 22nd. Walker & Dunlop’s dividend payout ratio (DPR) is presently 100.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WD shares. StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Wolfe Research raised shares of Walker & Dunlop to a “strong-buy” rating in a report on Tuesday, September 24th. Wedbush upped their price objective on shares of Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Finally, Keefe, Bruyette & Woods upped their price objective 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.

Insider Transactions at Walker & Dunlop

In other news, COO Stephen P. Theobald sold 13,870 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 53,869 shares of the company’s stock, valued at approximately $5,715,500.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.26% 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.