Q2 2020 EPS Estimates for Walker & Dunlop, Inc. Lifted by Analyst (NYSE:WD)

Walker & Dunlop, Inc. (NYSE:WD) – Equities researchers at Wedbush lifted their Q2 2020 earnings estimates for Walker & Dunlop in a research report issued on Wednesday, November 6th. Wedbush analyst H. Coffey now expects that the financial services provider will post earnings of $1.59 per share for the quarter, up from their prior estimate of $1.49. Wedbush has a “Outperform” rating on the stock. Wedbush also issued estimates for Walker & Dunlop’s FY2020 earnings at $6.10 EPS.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.05. The company had revenue of $212.30 million for the quarter, compared to the consensus estimate of $202.95 million. Walker & Dunlop had a net margin of 21.58% and a return on equity of 18.34%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 earnings per share.

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

Shares of WD traded up $0.68 on Friday, hitting $64.39. 134,169 shares of the stock traded hands, compared to its average volume of 148,845. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $1.95 billion, a P/E ratio of 12.78 and a beta of 0.95. The stock’s 50 day moving average is $59.46 and its two-hundred day moving average is $55.88. Walker & Dunlop has a 1 year low of $37.96 and a 1 year high of $64.95.

Several institutional investors have recently added to or reduced their stakes in WD. Municipal Employees Retirement System of Michigan boosted its stake in shares of Walker & Dunlop by 2.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,520 shares of the financial services provider’s stock valued at $477,000 after purchasing an additional 190 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Walker & Dunlop by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,331 shares of the financial services provider’s stock valued at $603,000 after purchasing an additional 200 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Walker & Dunlop by 2.7% in the second quarter. State of Alaska Department of Revenue now owns 9,630 shares of the financial services provider’s stock valued at $512,000 after purchasing an additional 250 shares during the period. Texas Permanent School Fund boosted its stake in shares of Walker & Dunlop by 1.3% in the third quarter. Texas Permanent School Fund now owns 19,455 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 257 shares during the period. Finally, Mason Street Advisors LLC boosted its stake in shares of Walker & Dunlop by 2.8% in the third quarter. Mason Street Advisors LLC now owns 9,706 shares of the financial services provider’s stock valued at $543,000 after purchasing an additional 264 shares during the period. 78.27% of the stock is owned by institutional investors.

In other news, EVP Richard C. Warner sold 10,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $55.16, for a total value of $551,600.00. Following the completion of the sale, the executive vice president now owns 61,800 shares of the company’s stock, valued at $3,408,888. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William M. Walker sold 90,389 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $56.15, for a total transaction of $5,075,342.35. Following the completion of the sale, the chief executive officer now directly owns 1,340,749 shares of the company’s stock, valued at approximately $75,283,056.35. The disclosure for this sale can be found here. Insiders sold 120,389 shares of company stock valued at $6,826,642 in the last three months. Company insiders own 10.37% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, November 21st. Walker & Dunlop’s payout ratio is currently 23.81%.

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 and Estimates for Walker & Dunlop (NYSE:WD)

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