Q2 2024 EPS Estimates for Walker & Dunlop, Inc. (NYSE:WD) Reduced by Wedbush

Walker & Dunlop, Inc. (NYSE:WD - Free Report) - Investment analysts at Wedbush decreased their Q2 2024 earnings per share (EPS) estimates for shares of Walker & Dunlop in a report issued on Thursday, April 11th. Wedbush analyst J. Mccanless now expects that the financial services provider will post earnings per share of $0.77 for the quarter, down from their previous forecast of $0.80. Wedbush has a "Neutral" rating and a $95.00 price objective 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 - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.38. The company had revenue of $274.30 million for the quarter, compared to analysts' expectations of $276.76 million. Walker & Dunlop had a return on equity of 9.15% and a net margin of 10.18%. Walker & Dunlop's revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business earned $1.41 earnings per share.

WD has been the subject of a number of other reports. StockNews.com downgraded Walker & Dunlop from a "hold" rating to a "sell" rating in a research report on Friday, March 22nd. Keefe, Bruyette & Woods restated a "market perform" rating and set a $105.00 price objective on shares of Walker & Dunlop in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $100.00.

Walker & Dunlop Price Performance

NYSE:WD traded down $1.23 during trading hours on Friday, hitting $90.95. The company's stock had a trading volume of 169,720 shares, compared to its average volume of 230,816. The stock has a fifty day simple moving average of $94.57 and a 200-day simple moving average of $89.43. Walker & Dunlop has a twelve month low of $61.06 and a twelve month high of $113.67. The company has a market capitalization of $3.06 billion, a P/E ratio of 28.60 and a beta of 1.53.

Institutional Investors Weigh In On Walker & Dunlop

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in Walker & Dunlop by 4,480.2% in the third quarter. Victory Capital Management Inc. now owns 397,149 shares of the financial services provider's stock worth $29,484,000 after buying an additional 388,478 shares during the last quarter. Norges Bank bought a new stake in Walker & Dunlop during the fourth quarter valued at approximately $40,059,000. Bank of America Corp DE boosted its position in shares of Walker & Dunlop by 170.3% in the first quarter. Bank of America Corp DE now owns 361,198 shares of the financial services provider's stock worth $27,512,000 after purchasing an additional 227,577 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of Walker & Dunlop by 27.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 954,795 shares of the financial services provider's stock worth $74,933,000 after purchasing an additional 206,042 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Walker & Dunlop by 960.7% in the third quarter. Assenagon Asset Management S.A. now owns 201,387 shares of the financial services provider's stock worth $14,951,000 after purchasing an additional 182,401 shares during the period. Institutional investors own 80.97% of the company's stock.

Insider Activity

In other news, Director Howard W. Smith III sold 20,166 shares of the firm's stock in a transaction on Friday, March 8th. The shares were sold at an average price of $93.56, for a total transaction of $1,886,730.96. Following the sale, the director now owns 191,508 shares in the company, valued at approximately $17,917,488.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Howard W. Smith III sold 20,166 shares of Walker & Dunlop stock in a transaction on Friday, March 8th. The shares were sold at an average price of $93.56, for a total value of $1,886,730.96. Following the transaction, the director now owns 191,508 shares in the company, valued at approximately $17,917,488.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paula A. Pryor sold 1,908 shares of Walker & Dunlop stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $94.09, for a total transaction of $179,523.72. Following the completion of the transaction, the executive vice president now owns 3,707 shares in the company, valued at approximately $348,791.63. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,074 shares of company stock worth $4,328,255. 5.47% of the stock is currently owned by corporate insiders.

Walker & Dunlop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.60 annualized dividend and a dividend yield of 2.86%. This is a boost from Walker & Dunlop's previous quarterly dividend of $0.63. Walker & Dunlop's dividend payout ratio (DPR) is 81.76%.

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.