Walker & Dunlop, Inc. (NYSE:WD) to Post Q3 2024 Earnings of $1.06 Per Share, Wedbush Forecasts

Walker & Dunlop, Inc. (NYSE:WDFree Report) – Stock analysts at Wedbush reduced their Q3 2024 EPS estimates for Walker & Dunlop in a research note issued to investors on Friday, November 10th. Wedbush analyst J. Mccanless now anticipates that the financial services provider will post earnings of $1.06 per share for the quarter, down from their prior estimate of $1.26. Wedbush has a “Outperform” rating and a $90.00 price target on the stock. The consensus estimate for Walker & Dunlop’s current full-year earnings is $4.90 per share.

Walker & Dunlop (NYSE:WDGet Free Report) last announced its earnings results on Thursday, November 9th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.11). Walker & Dunlop had a return on equity of 9.13% and a net margin of 11.03%. The company had revenue of $268.70 million for the quarter, compared to the consensus estimate of $283.13 million. During the same period last year, the firm posted $1.40 EPS. The company’s revenue was down 14.7% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on WD. Keefe, Bruyette & Woods decreased their price target on shares of Walker & Dunlop from $102.00 to $89.00 in a research note on Tuesday, October 3rd. StockNews.com downgraded shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Walker & Dunlop presently has an average rating of “Hold” and a consensus target price of $89.50.

View Our Latest Stock Report on Walker & Dunlop

Walker & Dunlop Trading Up 2.4 %

Shares of WD stock opened at $71.48 on Monday. Walker & Dunlop has a 1 year low of $61.06 and a 1 year high of $101.02. The firm’s fifty day simple moving average is $73.42 and its 200 day simple moving average is $77.51. The firm has a market capitalization of $2.38 billion, a P/E ratio of 20.48 and a beta of 1.41.

Walker & Dunlop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.63 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $2.52 dividend on an annualized basis and a yield of 3.53%. Walker & Dunlop’s dividend payout ratio is currently 72.21%.

Insiders Place Their Bets

In other news, COO Stephen P. Theobald sold 16,949 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $85.70, for a total value of $1,452,529.30. Following the sale, the chief operating officer now owns 57,754 shares in the company, valued at approximately $4,949,517.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Howard W. Smith III sold 20,000 shares of the business’s 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 sale, the president now owns 197,000 shares in the company, valued at approximately $14,107,170. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stephen P. Theobald sold 16,949 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $85.70, for a total transaction of $1,452,529.30. Following the transaction, the chief operating officer now owns 57,754 shares in the company, valued at approximately $4,949,517.80. The disclosure for this sale can be found here. Insiders have sold 56,949 shares of company stock worth $4,507,329 over the last 90 days. Corporate insiders own 5.47% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WD. Rhumbline Advisers raised its holdings in Walker & Dunlop by 4.3% during the 3rd quarter. Rhumbline Advisers now owns 107,205 shares of the financial services provider’s stock worth $7,959,000 after purchasing an additional 4,437 shares during the last quarter. Deutsche Bank AG raised its holdings in Walker & Dunlop by 2.2% during the 3rd quarter. Deutsche Bank AG now owns 90,860 shares of the financial services provider’s stock worth $6,745,000 after purchasing an additional 1,995 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in Walker & Dunlop by 4.0% during the 3rd quarter. Texas Permanent School Fund Corp now owns 28,308 shares of the financial services provider’s stock worth $2,102,000 after purchasing an additional 1,077 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Walker & Dunlop by 9.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 395,695 shares of the financial services provider’s stock worth $29,376,000 after purchasing an additional 35,454 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Walker & Dunlop by 16.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 296,015 shares of the financial services provider’s stock worth $21,976,000 after purchasing an additional 42,160 shares during the last quarter. Institutional investors and hedge funds own 77.99% of the company’s stock.

Walker & Dunlop Company Profile

(Get Free Report)

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.

Recommended Stories

Earnings History and Estimates for Walker & Dunlop (NYSE:WD)

Receive News & Ratings for Walker & Dunlop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walker & Dunlop and related companies with MarketBeat.com's FREE daily email newsletter.