Walker & Dunlop (WD) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS
Walker & Dunlop (NYSE:WD) posted its quarterly earnings results on Thursday. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.27 by $0.06, Analyst Ratings.Net reports. The company had revenue of $64.80 million for the quarter, compared to the consensus estimate of $74.10 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis.
A number of analysts have recently weighed in on WD shares. Analysts at Zacks upgraded shares of Walker & Dunlop from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 20th. They now have a $16.90 price target on the stock. On the ratings front, analysts at Keefe, Bruyette & Woods downgraded shares of Walker & Dunlop from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. They now have a $18.00 price target on the stock, up previously from $16.00. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.68.
Walker & Dunlop (NYSE:WD) traded down 1.68% during mid-day trading on Thursday, hitting $15.24. 5,568 shares of the company’s stock traded hands. Walker & Dunlop has a 1-year low of $12.50 and a 1-year high of $19.74. The stock’s 50-day moving average is $16.13 and its 200-day moving average is $15.42. The company has a market cap of $535.0 million and a P/E ratio of 12.81.
Walker & Dunlop, Inc (NYSE:WD) is a holding company and conducts all of its operations through Walker & Dunlop, LLC.
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