Walker & Dunlop (WD) Posts Quarterly Earnings, Misses Estimates By $0.02 EPS
Walker & Dunlop (NYSE:WD) posted its quarterly earnings results on Wednesday. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.02, American Banking News.com reports. The company had revenue of $85.30 million for the quarter, compared to the consensus estimate of $90.05 million.
Walker & Dunlop (NYSE:WD) opened at 13.90 on Wednesday. Walker & Dunlop has a 52-week low of $12.50 and a 52-week high of $18.30. The stock has a 50-day moving average of $14.08 and a 200-day moving average of $15.18. The company has a market cap of $453.3 million and a price-to-earnings ratio of 11.63.
On a related note, analysts at Morgan Stanley initiated coverage on shares of Walker & Dunlop in a research note on Tuesday, May 13th. They set an “equal weight” rating and a $17.00 price target on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Walker & Dunlop currently has an average rating of “Hold” and an average target price of $18.08.
Walker & Dunlop, Inc (NYSE:WD) is a holding company and conducts all of its operations through Walker & Dunlop, LLC.
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