Wall Street analysts expect Walker & Dunlop, Inc. (NYSE:WD – Get Rating) to post $318.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Walker & Dunlop’s earnings. The highest sales estimate is $320.06 million and the lowest is $316.30 million. Walker & Dunlop posted sales of $281.41 million during the same quarter last year, which suggests a positive year over year growth rate of 13.1%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Walker & Dunlop will report full year sales of $1.48 billion for the current financial year, with estimates ranging from $1.46 billion to $1.50 billion. For the next financial year, analysts forecast that the firm will report sales of $1.63 billion, with estimates ranging from $1.61 billion to $1.64 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Walker & Dunlop.
Walker & Dunlop (NYSE:WD – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The financial services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.70 by $0.42. The business had revenue of $319.44 million during the quarter, compared to analysts’ expectations of $312.72 million. Walker & Dunlop had a net margin of 20.65% and a return on equity of 18.99%. The firm’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same period last year, the company posted $1.54 earnings per share.
WD stock opened at $107.36 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 160.37 and a current ratio of 160.37. The stock has a market cap of $3.56 billion, a P/E ratio of 12.66 and a beta of 1.17. The firm has a 50 day simple moving average of $117.24 and a 200 day simple moving average of $132.75. Walker & Dunlop has a 52 week low of $95.60 and a 52 week high of $156.77.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Shareholders of record on Thursday, May 19th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Wednesday, May 18th. Walker & Dunlop’s dividend payout ratio (DPR) is presently 28.30%.
In other Walker & Dunlop news, EVP Paula A. Pryor sold 1,652 shares of Walker & Dunlop stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $132.27, for a total value of $218,510.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.05% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC grew its position in shares of Walker & Dunlop by 203.1% in the first quarter. Quadrant Capital Group LLC now owns 197 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 132 shares during the last quarter. James Investment Research Inc. acquired a new stake in shares of Walker & Dunlop in the first quarter valued at about $34,000. USA Financial Portformulas Corp acquired a new stake in shares of Walker & Dunlop in the fourth quarter valued at about $36,000. Covestor Ltd grew its position in shares of Walker & Dunlop by 5,066.7% in the first quarter. Covestor Ltd now owns 310 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 304 shares during the last quarter. Finally, TCI Wealth Advisors Inc. grew its position in shares of Walker & Dunlop by 117.3% in the first quarter. TCI Wealth Advisors Inc. now owns 326 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 71.61% of the company’s stock.
About Walker & Dunlop (Get Rating)
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.
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