Walker & Dunlop (NYSE:WD) Issues Earnings Results

Walker & Dunlop (NYSE:WD) posted its earnings results on Wednesday. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.05, Briefing.com reports. The company had revenue of $212.30 million for the quarter, compared to analysts’ expectations of $202.95 million. Walker & Dunlop had a return on equity of 18.34% and a net margin of 21.58%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business posted $1.17 earnings per share.

Shares of WD traded up $0.37 during trading hours on Friday, reaching $64.08. 1,135 shares of the company’s stock traded hands, compared to its average volume of 139,758. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 12.65 and a beta of 0.95. The company has a debt-to-equity ratio of 1.67, a current ratio of 4.79 and a quick ratio of 4.79. Walker & Dunlop has a twelve month low of $37.96 and a twelve month high of $64.95. The business’s fifty day simple moving average is $59.32 and its two-hundred day simple moving average is $55.83.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, November 21st. Walker & Dunlop’s dividend payout ratio (DPR) is 23.81%.

In related news, CFO Stephen P. Theobald sold 10,000 shares of Walker & Dunlop stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $57.26, for a total transaction of $572,600.00. Following the transaction, the chief financial officer now directly owns 75,976 shares of the company’s stock, valued at $4,350,385.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William M. Walker sold 90,389 shares of Walker & Dunlop stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $56.15, for a total value of $5,075,342.35. Following the transaction, the chief executive officer now directly owns 1,340,749 shares in the company, valued at $75,283,056.35. The disclosure for this sale can be found here. Insiders have sold 120,389 shares of company stock worth $6,826,642 over the last three months. Corporate insiders own 10.37% of the company’s stock.

A number of equities research analysts have issued reports on WD shares. ValuEngine cut Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Zacks Investment Research lowered Walker & Dunlop from a “buy” rating to a “hold” rating in a report on Saturday, October 12th. Keefe, Bruyette & Woods lowered Walker & Dunlop from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $65.00 to $64.00 in a report on Thursday, September 5th. Compass Point set a $63.00 price target on Walker & Dunlop and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Wedbush reissued an “outperform” rating on shares of Walker & Dunlop in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $64.50.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.

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Earnings History for Walker & Dunlop (NYSE:WD)

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