Equities Analysts Issue Forecasts for Walker & Dunlop Inc.’s Q3 2016 Earnings (WD)
Walker & Dunlop Inc. (NYSE:WD) – Equities researchers at Wedbush issued their Q3 2016 earnings estimates for Walker & Dunlop in a research report issued to clients and investors on Wednesday. Wedbush analyst J. Weaver expects that the firm will post earnings per share of $0.49 for the quarter. Wedbush currently has a “Neutral” rating and a $26.75 target price on the stock. Wedbush also issued estimates for Walker & Dunlop’s Q4 2016 earnings at $0.42 EPS, FY2016 earnings at $2.46 EPS, Q1 2017 earnings at $0.35 EPS, Q2 2017 earnings at $0.92 EPS, Q3 2017 earnings at $0.83 EPS, Q4 2017 earnings at $0.67 EPS, FY2017 earnings at $2.78 EPS and FY2018 earnings at $3.47 EPS.
A number of other analysts have also recently commented on WD. Zacks Investment Research cut Walker & Dunlop from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. JMP Securities boosted their price target on Walker & Dunlop from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods boosted their price target on Walker & Dunlop from $23.00 to $26.00 and gave the company a “market perform” rating in a research report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Walker & Dunlop presently has an average rating of “Hold” and a consensus price target of $29.15.
Shares of Walker & Dunlop (NYSE:WD) opened at 24.65 on Monday. The stock has a market capitalization of $759.49 million, a PE ratio of 8.56 and a beta of 1.05. Walker & Dunlop has a 52 week low of $19.50 and a 52 week high of $33.17. The company’s 50 day moving average price is $25.89 and its 200-day moving average price is $24.40.
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Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.36. The firm earned $147.90 million during the quarter, compared to analysts’ expectations of $114.53 million. Walker & Dunlop had a return on equity of 17.60% and a net margin of 18.20%. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 EPS.
In other news, CEO William M. Walker sold 53,170 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $26.71, for a total transaction of $1,420,170.70. Following the sale, the chief executive officer now owns 1,493,462 shares of the company’s stock, valued at approximately $39,890,370.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dana L. Schmaltz purchased 1,500 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were purchased at an average cost of $26.17 per share, for a total transaction of $39,255.00. Following the purchase, the director now directly owns 40,333 shares in the company, valued at $1,055,514.61. The disclosure for this purchase can be found here. Company insiders own 11.60% of the company’s stock.
Large investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Walker & Dunlop during the second quarter valued at approximately $10,033,000. Kestrel Investment Management Corp purchased a new stake in shares of Walker & Dunlop during the second quarter valued at approximately $4,914,000. Riverhead Capital Management LLC raised its stake in shares of Walker & Dunlop by 2,706.3% in the second quarter. Riverhead Capital Management LLC now owns 182,749 shares of the company’s stock valued at $13,344,000 after buying an additional 176,237 shares during the period. Citigroup Inc. raised its stake in shares of Walker & Dunlop by 524.9% in the second quarter. Citigroup Inc. now owns 177,046 shares of the company’s stock valued at $4,033,000 after buying an additional 148,713 shares during the period. Finally, SECOR Capital Advisors LP raised its stake in shares of Walker & Dunlop by 690.0% in the second quarter. SECOR Capital Advisors LP now owns 131,366 shares of the company’s stock valued at $2,992,000 after buying an additional 114,738 shares during the period. 78.04% of the stock is currently owned by institutional investors and hedge funds.
About Walker & Dunlop
Walker & Dunlop, Inc is a holding company, which conducts all of its operations through Walker & Dunlop, LLC. The Company is a provider of commercial real estate financial services in the United States, with a primary focus on multifamily lending. It originates, sells, and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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