Walker & Dunlop, Inc. (NYSE:WD) Expected to Post Q3 2024 Earnings of $1.36 Per Share

Walker & Dunlop, Inc. (NYSE:WD) – Research analysts at Wedbush boosted their Q3 2024 EPS estimates for shares of Walker & Dunlop in a research note issued on Wednesday, September 25th. Wedbush analyst J. Mccanless now anticipates that the financial services provider will post earnings per share of $1.36 for the quarter, up from their prior estimate of $1.29. Wedbush currently has a “Neutral” rating and a $110.00 target price on the stock. The consensus estimate for Walker & Dunlop’s current full-year earnings is $5.32 per share. Wedbush also issued estimates for Walker & Dunlop’s Q4 2024 earnings at $1.70 EPS.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Thursday, August 8th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. The firm had revenue of $270.70 million during the quarter, compared to analyst estimates of $274.50 million. During the same period in the previous year, the business posted $0.98 EPS. Walker & Dunlop’s revenue was down .7% on a year-over-year basis.

Other research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods increased their price objective on shares of Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Wolfe Research upgraded Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, StockNews.com upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th.

Walker & Dunlop Price Performance

Shares of Walker & Dunlop stock opened at $110.82 on Monday. Walker & Dunlop has a 1-year low of $62.51 and a 1-year high of $116.26. The company has a market capitalization of $3.74 billion, a P/E ratio of 40.45 and a beta of 1.55. The business’s fifty day moving average price is $106.10 and its two-hundred day moving average price is $99.66.

Institutional Investors Weigh In On Walker & Dunlop

Several hedge funds have recently made changes to their positions in WD. National Bank of Canada FI lifted its holdings in shares of Walker & Dunlop by 205.6% in the second quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 185 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Walker & Dunlop in the 1st quarter valued at about $34,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Walker & Dunlop by 163.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 398 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Walker & Dunlop during the first quarter worth approximately $57,000. Finally, Asset Dedication LLC purchased a new position in Walker & Dunlop during the second quarter valued at approximately $94,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Insider Activity

In related news, COO Stephen P. Theobald sold 13,870 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $106.10, for a total value of $1,471,607.00. Following the completion of the transaction, the chief operating officer now owns 53,869 shares in the company, valued at approximately $5,715,500.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.47% of the company’s stock.

Walker & Dunlop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were issued a $0.65 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $2.60 annualized dividend and a dividend yield of 2.35%. Walker & Dunlop’s dividend payout ratio is currently 94.89%.

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