Walker & Dunlop (NYSE:WD – Get Free Report) posted its quarterly earnings results on Thursday. The financial services provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07, Briefing.com reports. The business had revenue of $270.70 million during the quarter, compared to the consensus estimate of $274.50 million. Walker & Dunlop had a net margin of 8.87% and a return on equity of 9.16%. Walker & Dunlop’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share.
Walker & Dunlop Trading Up 0.4 %
Shares of Walker & Dunlop stock opened at $102.64 on Friday. Walker & Dunlop has a 12-month low of $62.51 and a 12-month high of $113.67. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 37.46 and a beta of 1.55. The company’s 50-day moving average price is $99.12 and its 200-day moving average price is $96.57.
Walker & Dunlop Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 2.53%. Walker & Dunlop’s dividend payout ratio is presently 94.89%.
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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.
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