Q2 2024 Earnings Forecast for Walker & Dunlop, Inc. Issued By Wedbush (NYSE:WD)
by Renee Jackson · The Cerbat GemWalker & Dunlop, Inc. (NYSE:WD – Free Report) – Investment analysts at Wedbush dropped their Q2 2024 earnings estimates for Walker & Dunlop in a research note issued to investors on Thursday, April 11th. Wedbush analyst J. Mccanless now expects that the financial services provider will post earnings of $0.77 per share for the quarter, down from their prior 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 $4.21 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 posted its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.38. The business had revenue of $274.30 million during the quarter, compared to analysts’ expectations of $276.76 million. Walker & Dunlop had a net margin of 10.18% and a return on equity of 9.15%. Walker & Dunlop’s revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 earnings per share.
A number of other analysts also recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $105.00 target price on shares of Walker & Dunlop in a research report on Tuesday, March 26th. StockNews.com downgraded shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $100.00.
View Our Latest Analysis on WD
Walker & Dunlop Trading Down 1.4 %
Shares of NYSE WD opened at $90.93 on Friday. The stock has a 50-day moving average price of $94.57 and a two-hundred day moving average price of $89.53. Walker & Dunlop has a 12 month low of $61.06 and a 12 month high of $113.67. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 28.59 and a beta of 1.53.
Walker & Dunlop Increases Dividend
The firm also recently announced 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 was Thursday, February 29th. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.63. This represents a $2.60 annualized dividend and a dividend yield of 2.86%. Walker & Dunlop’s dividend payout ratio (DPR) is currently 81.76%.
Insider Activity
In related news, Director Howard W. Smith III sold 20,000 shares of Walker & Dunlop stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $93.81, for a total value of $1,876,200.00. Following the completion of the sale, the director now owns 191,508 shares of the company’s stock, valued at approximately $17,965,365.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Walker & Dunlop news, Director Howard W. Smith III sold 20,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $93.81, for a total value of $1,876,200.00. Following the completion of the transaction, the director now owns 191,508 shares in the company, valued at approximately $17,965,365.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory Florkowski sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $96.45, for a total value of $385,800.00. Following the completion of the transaction, the chief financial officer now owns 11,809 shares of the company’s stock, valued at approximately $1,138,978.05. The disclosure for this sale can be found here. Insiders sold a total of 46,074 shares of company stock valued at $4,328,255 in the last ninety days. 5.47% of the stock is currently owned by insiders.
Institutional Trading of Walker & Dunlop
A number of hedge funds have recently bought and sold shares of WD. Belpointe Asset Management LLC increased its stake in Walker & Dunlop by 360.0% in the 1st quarter. Belpointe Asset Management LLC now owns 345 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 270 shares during the period. Planned Solutions Inc. purchased a new position in Walker & Dunlop in the 4th quarter worth approximately $27,000. GAMMA Investing LLC purchased a new position in Walker & Dunlop in the 4th quarter worth approximately $29,000. Covestor Ltd increased its stake in Walker & Dunlop by 5,066.7% in the 1st quarter. Covestor Ltd now owns 310 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 304 shares during the period. Finally, Strs Ohio increased its stake in Walker & Dunlop by 133.3% in the 3rd quarter. Strs Ohio now owns 700 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 400 shares during the period. Institutional investors own 80.97% of the company’s stock.
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.