Q3 2016 Earnings Estimate for Walker & Dunlop Inc. (WD) Issued By Wedbush
Walker & Dunlop Inc. (NYSE:WD) – Stock analysts at Wedbush issued their Q3 2016 earnings estimates for shares of Walker & Dunlop in a note issued to investors on Wednesday. Wedbush analyst J. Weaver anticipates that the brokerage will post earnings of $0.49 per share for the quarter. Wedbush currently has a “Neutral” rating and a $26.75 price target on the stock. Wedbush also issued estimates for Walker & Dunlop’s Q4 2016 earnings at $0.42 EPS, FY2016 earnings at $2.46 EPS, Q1 2017 earnings at $0.35 EPS, Q2 2017 earnings at $0.92 EPS, Q3 2017 earnings at $0.83 EPS, Q4 2017 earnings at $0.67 EPS, FY2017 earnings at $2.78 EPS and FY2018 earnings at $3.47 EPS.
Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.36. Walker & Dunlop had a return on equity of 17.60% and a net margin of 18.20%. The company had revenue of $147.90 million for the quarter, compared to analysts’ expectations of $114.53 million. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Walker & Dunlop’s revenue was up 29.9% compared to the same quarter last year.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Walker & Dunlop from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Keefe, Bruyette & Woods boosted their target price on Walker & Dunlop from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Thursday, August 4th. Finally, JMP Securities boosted their target price on Walker & Dunlop from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $29.15.
Walker & Dunlop (NYSE:WD) opened at 24.52 on Monday. The company has a market cap of $755.49 million, a PE ratio of 8.51 and a beta of 1.05. Walker & Dunlop has a 52 week low of $19.50 and a 52 week high of $33.17. The company has a 50-day moving average price of $25.85 and a 200 day moving average price of $24.42.
In other news, CEO William M. Walker sold 53,170 shares of Walker & Dunlop stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $26.71, for a total transaction of $1,420,170.70. Following the sale, the chief executive officer now owns 1,493,462 shares of the company’s stock, valued at approximately $39,890,370.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dana L. Schmaltz purchased 1,500 shares of Walker & Dunlop stock in a transaction dated Friday, August 19th. The shares were purchased at an average cost of $26.17 per share, for a total transaction of $39,255.00. Following the transaction, the director now owns 40,333 shares in the company, valued at approximately $1,055,514.61. The disclosure for this purchase can be found here. Insiders own 11.60% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC purchased a new stake in Walker & Dunlop during the second quarter valued at approximately $101,000. Mason Street Advisors LLC purchased a new stake in Walker & Dunlop during the second quarter valued at approximately $121,000. BlackRock Inc. raised its stake in Walker & Dunlop by 340.9% in the second quarter. BlackRock Inc. now owns 7,949 shares of the company’s stock valued at $180,000 after buying an additional 6,146 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Walker & Dunlop by 117.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,702 shares of the company’s stock valued at $198,000 after buying an additional 4,703 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new stake in Walker & Dunlop during the second quarter valued at approximately $212,000. 78.04% of the stock is currently owned by hedge funds and other institutional investors.
About Walker & Dunlop
Walker & Dunlop, Inc is a holding company, which conducts all of its operations through Walker & Dunlop, LLC. The Company is a provider of commercial real estate financial services in the United States, with a primary focus on multifamily lending. It 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.
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