Q3 2024 EPS Estimates for Walker & Dunlop, Inc. (NYSE:WD) Increased by Wedbush

Walker & Dunlop, Inc. (NYSE:WD) – Analysts at Wedbush boosted their Q3 2024 earnings estimates for Walker & Dunlop in a research note issued to investors on Wednesday, September 25th. Wedbush analyst J. Mccanless now forecasts that the financial services provider will post earnings of $1.36 per share for the quarter, up from their previous 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 $5.27 per share. Wedbush also issued estimates for Walker & Dunlop’s Q4 2024 earnings at $1.70 EPS.

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

Walker & Dunlop Stock Down 1.4 %

Shares of NYSE:WD opened at $112.06 on Monday. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 40.90 and a beta of 1.55. Walker & Dunlop has a 52 week low of $62.51 and a 52 week high of $116.26. The firm has a 50 day moving average of $105.92 and a 200 day moving average of $99.29.

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

Institutional Investors Weigh In On Walker & Dunlop

A number of large investors have recently modified their holdings of the business. National Bank of Canada FI lifted its holdings in shares of Walker & Dunlop by 205.6% during the second quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 185 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Walker & Dunlop during the first quarter worth about $34,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Walker & Dunlop by 163.6% during 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 during the period. EntryPoint Capital LLC acquired a new stake in shares of Walker & Dunlop during the first quarter worth about $57,000. Finally, Asset Dedication LLC acquired a new stake in shares of Walker & Dunlop during the second quarter worth about $94,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Insider Transactions at Walker & Dunlop

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

Walker & Dunlop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.32%. Walker & Dunlop’s payout ratio is 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.