Research Analysts Issue Forecasts for Walker & Dunlop, Inc.’s Q2 2024 Earnings (NYSE:WD)

Walker & Dunlop, Inc. (NYSE:WD) – Equities researchers at Wedbush cut their Q2 2024 earnings estimates for Walker & Dunlop in a research note issued to investors on Thursday, April 11th. Wedbush analyst J. Mccanless now expects that the financial services provider will post earnings of $0.77 per share for the quarter, down from their prior estimate of $0.80. Wedbush has a “Neutral” rating and a $95.00 price target on the stock. The consensus estimate for Walker & Dunlop’s current full-year earnings is $4.31 per share. Wedbush also issued estimates for Walker & Dunlop’s Q3 2024 earnings at $0.86 EPS, Q4 2024 earnings at $1.27 EPS, FY2024 earnings at $3.40 EPS and FY2025 earnings at $4.30 EPS.

Walker & Dunlop (NYSE:WD) last issued its earnings results on Thursday, February 15th. The financial services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. Walker & Dunlop had a net margin of 10.18% and a return on equity of 9.15%. The business had revenue of $274.30 million for the quarter, compared to the consensus estimate of $276.76 million. During the same period in the previous year, the company earned $1.41 earnings per share. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis.

A number of other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $105.00 price objective on shares of Walker & Dunlop in a research report on Tuesday, March 26th. StockNews.com cut shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, Walker & Dunlop has an average rating of “Hold” and an average target price of $100.00.

Walker & Dunlop Price Performance

WD stock opened at $90.95 on Friday. The company has a fifty day moving average price of $94.57 and a two-hundred day moving average price of $89.43. Walker & Dunlop has a one year low of $61.06 and a one year high of $113.67. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 28.60 and a beta of 1.53.

Walker & Dunlop Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, February 29th. This is a boost from Walker & Dunlop’s previous quarterly dividend of $0.63. Walker & Dunlop’s payout ratio is presently 81.76%.

Insider Activity

In other news, Director Howard W. Smith III sold 20,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $93.81, for a total value of $1,876,200.00. Following the completion of the sale, the director now owns 191,508 shares of the company’s stock, valued at $17,965,365.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Howard W. Smith III sold 20,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $93.81, for a total transaction of $1,876,200.00. Following the completion of the sale, the director now owns 191,508 shares of the company’s stock, valued at $17,965,365.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paula A. Pryor sold 1,908 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $94.09, for a total transaction of $179,523.72. Following the sale, the executive vice president now directly owns 3,707 shares of the company’s stock, valued at approximately $348,791.63. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,074 shares of company stock valued at $4,328,255. 5.47% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walker & Dunlop

Institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its position in Walker & Dunlop by 16.6% during the third 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 period. Moody Aldrich Partners LLC acquired a new position in Walker & Dunlop during the third quarter worth about $3,644,000. Deutsche Bank AG raised its stake in Walker & Dunlop by 2.2% during the third quarter. Deutsche Bank AG now owns 90,860 shares of the financial services provider’s stock worth $6,745,000 after acquiring an additional 1,995 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Walker & Dunlop by 9.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 395,695 shares of the financial services provider’s stock worth $29,376,000 after acquiring an additional 35,454 shares in the last quarter. Finally, Advisor OS LLC raised its stake in Walker & Dunlop by 115.7% during the third quarter. Advisor OS LLC now owns 19,136 shares of the financial services provider’s stock worth $1,421,000 after acquiring an additional 10,264 shares in the last quarter. Institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Company Profile

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. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.