Walker & Dunlop Inc. (NYSE:WD) – Stock analysts at Wedbush raised their FY2016 earnings per share estimates for Walker & Dunlop in a report released on Monday. Wedbush analyst J. Weaver now forecasts that the firm will earn $3.14 per share for the year, up from their previous estimate of $3.02. Wedbush currently has a “Hold” rating and a $28.00 target price on the stock. Wedbush also issued estimates for Walker & Dunlop’s Q1 2017 earnings at $0.39 EPS, Q2 2017 earnings at $0.96 EPS, Q3 2017 earnings at $0.89 EPS, Q4 2017 earnings at $0.70 EPS and FY2017 earnings at $2.94 EPS.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.25. Walker & Dunlop had a net margin of 18.82% and a return on equity of 18.49%. The company earned $154.80 million during the quarter, compared to analyst estimates of $129.17 million. During the same period last year, the business earned $0.66 earnings per share. Walker & Dunlop’s revenue was up 28.1% compared to the same quarter last year.
WD has been the topic of several other research reports. Zacks Investment Research raised Walker & Dunlop from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Saturday, November 5th. Keefe, Bruyette & Woods increased their target price on Walker & Dunlop from $23.00 to $26.00 and gave the stock a “market perform” rating in a research note on Thursday, August 4th. Finally, JMP Securities increased their target price on Walker & Dunlop from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Walker & Dunlop presently has an average rating of “Buy” and a consensus price target of $29.00.
Walker & Dunlop (NYSE:WD) opened at 29.73 on Wednesday. Walker & Dunlop has a 52-week low of $19.50 and a 52-week high of $31.00. The stock has a 50 day moving average of $26.07 and a 200-day moving average of $25.19. The company has a market capitalization of $915.80 million, a price-to-earnings ratio of 9.38 and a beta of 1.12.
In related news, Director Dana L. Schmaltz purchased 1,500 shares of the business’s stock in a transaction on Friday, September 9th. The shares were bought at an average price of $25.85 per share, for a total transaction of $38,775.00. Following the acquisition, the director now directly owns 41,833 shares in the company, valued at $1,081,383.05. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William M. Walker sold 3,110 shares of the company’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $26.04, for a total value of $80,984.40. Following the sale, the chief executive officer now owns 1,447,468 shares in the company, valued at approximately $37,692,066.72. The disclosure for this sale can be found here. Company insiders own 11.60% of the company’s stock.
Large investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC increased its stake in shares of Walker & Dunlop by 31.3% in the first quarter. TIAA CREF Investment Management LLC now owns 116,108 shares of the company’s stock valued at $2,818,000 after buying an additional 27,647 shares during the period. Teachers Advisors Inc. increased its position in Walker & Dunlop by 5.0% in the first quarter. Teachers Advisors Inc. now owns 58,628 shares of the company’s stock worth $1,423,000 after buying an additional 2,788 shares during the last quarter. BlackRock Group LTD increased its position in Walker & Dunlop by 6.6% in the first quarter. BlackRock Group LTD now owns 42,855 shares of the company’s stock worth $1,040,000 after buying an additional 2,645 shares during the last quarter. Panagora Asset Management Inc. increased its position in Walker & Dunlop by 57.7% in the first quarter. Panagora Asset Management Inc. now owns 210,730 shares of the company’s stock worth $5,114,000 after buying an additional 77,068 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Walker & Dunlop by 117.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,702 shares of the company’s stock worth $198,000 after buying an additional 4,703 shares during the last quarter. Institutional investors own 76.12% of the company’s stock.
Walker & Dunlop Company Profile