Walker & Dunlop (WD) Issues Quarterly Earnings Results

Walker & Dunlop (NYSE:WD) announced its earnings results on Wednesday. The financial services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.26, Morningstar.com reports. The firm had revenue of $207.20 million for the quarter, compared to the consensus estimate of $181.14 million. Walker & Dunlop had a return on equity of 22.35% and a net margin of 21.81%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS.

Walker & Dunlop (NYSE WD) traded up $0.61 on Thursday, hitting $47.81. The stock had a trading volume of 411,486 shares, compared to its average volume of 227,696. Walker & Dunlop has a 12 month low of $36.96 and a 12 month high of $56.46. The company has a quick ratio of 12.88, a current ratio of 12.88 and a debt-to-equity ratio of 4.84. The company has a market cap of $1,480.00, a P/E ratio of 7.29 and a beta of 1.08.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Friday, February 23rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, February 22nd.

In related news, CEO William M. Walker sold 54,574 shares of Walker & Dunlop stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $48.04, for a total value of $2,621,734.96. Following the transaction, the chief executive officer now directly owns 1,377,213 shares in the company, valued at approximately $66,161,312.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard M. Lucas sold 22,953 shares of Walker & Dunlop stock in a transaction on Monday, February 5th. The stock was sold at an average price of $46.05, for a total value of $1,056,985.65. The disclosure for this sale can be found here. Insiders sold a total of 236,318 shares of company stock worth $11,447,063 in the last three months. Company insiders own 11.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Walker & Dunlop in the 3rd quarter worth $123,000. Flinton Capital Management LLC grew its holdings in shares of Walker & Dunlop by 69.4% in the 2nd quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 1,462 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Walker & Dunlop by 108.9% in the 2nd quarter. Advisor Group Inc. now owns 3,912 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 2,039 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Walker & Dunlop by 38.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,648 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 1,019 shares during the last quarter. Finally, LS Investment Advisors LLC grew its holdings in shares of Walker & Dunlop by 29.0% in the 3rd quarter. LS Investment Advisors LLC now owns 4,084 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 919 shares during the last quarter. Institutional investors and hedge funds own 77.70% of the company’s stock.

Walker & Dunlop announced that its board has approved a share buyback program on Wednesday, February 7th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Several analysts have weighed in on WD shares. Zacks Investment Research raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Keefe, Bruyette & Woods raised Walker & Dunlop from a “market perform” rating to an “outperform” rating in a research note on Friday, January 5th. They noted that the move was a valuation call. TheStreet downgraded Walker & Dunlop from a “b-” rating to a “c+” rating in a research note on Monday, December 4th. Finally, ValuEngine downgraded Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $55.50.

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About Walker & Dunlop

Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.

Earnings History for Walker & Dunlop (NYSE:WD)

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