Walker & Dunlop (WD) Set to Announce Earnings on Thursday

Walker & Dunlop (NYSE:WD) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of $1.22 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.08). Walker & Dunlop had a net margin of 12.85% and a return on equity of 9.73%. The company had revenue of $272.62 million for the quarter, compared to the consensus estimate of $257.99 million. On average, analysts expect Walker & Dunlop to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Walker & Dunlop Stock Performance

Walker & Dunlop stock opened at $65.32 on Thursday. The company has a 50 day moving average price of $75.13 and a 200-day moving average price of $77.22. Walker & Dunlop has a fifty-two week low of $61.06 and a fifty-two week high of $101.02. The company has a market capitalization of $2.18 billion, a PE ratio of 15.37 and a beta of 1.44.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WD shares. StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Tuesday. Keefe, Bruyette & Woods reduced their price objective on shares of Walker & Dunlop from $102.00 to $89.00 in a research note on Tuesday, October 3rd. Finally, Wedbush boosted their price objective on shares of Walker & Dunlop from $90.00 to $105.00 in a research note on Friday, August 4th.

Insiders Place Their Bets

In other Walker & Dunlop news, President Howard W. Smith III sold 20,000 shares of Walker & Dunlop stock in a transaction on Monday, October 9th. The shares were sold at an average price of $71.61, for a total value of $1,432,200.00. Following the transaction, the president now directly owns 197,000 shares of the company’s stock, valued at $14,107,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walker & Dunlop news, President Howard W. Smith III sold 20,000 shares of Walker & Dunlop stock in a transaction on Monday, October 9th. The shares were sold at an average price of $71.61, for a total value of $1,432,200.00. Following the transaction, the president now directly owns 197,000 shares of the company’s stock, valued at $14,107,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paula A. Pryor sold 1,135 shares of Walker & Dunlop stock in a transaction on Friday, August 11th. The stock was sold at an average price of $88.00, for a total transaction of $99,880.00. Following the completion of the transaction, the executive vice president now directly owns 7,426 shares in the company, valued at $653,488. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,084 shares of company stock valued at $6,278,609. 5.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Walker & Dunlop

A number of large investors have recently made changes to their positions in WD. Advisor Group Holdings Inc. boosted its holdings in Walker & Dunlop by 5.7% in the first quarter. Advisor Group Holdings Inc. now owns 2,145 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 115 shares during the last quarter. Citigroup Inc. boosted its holdings in Walker & Dunlop by 1.7% in the first quarter. Citigroup Inc. now owns 28,424 shares of the financial services provider’s stock valued at $3,678,000 after purchasing an additional 465 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Walker & Dunlop by 47.8% in the first quarter. MetLife Investment Management LLC now owns 15,223 shares of the financial services provider’s stock valued at $1,970,000 after purchasing an additional 4,925 shares during the last quarter. Rhumbline Advisers raised its position in shares of Walker & Dunlop by 2.4% in the first quarter. Rhumbline Advisers now owns 79,654 shares of the financial services provider’s stock worth $10,309,000 after acquiring an additional 1,846 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in shares of Walker & Dunlop by 1.0% in the first quarter. Great West Life Assurance Co. Can now owns 26,233 shares of the financial services provider’s stock worth $3,482,000 after acquiring an additional 260 shares during the period. 77.99% of the stock is owned by hedge funds and other institutional investors.

About Walker & Dunlop

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, and small-balance loans.