Walker & Dunlop, Inc. (NYSE:WD) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, WD is expected to report 3Q20 income of $ 1.17 per share from revenue of $ 206.73 million.
For the full year, analysts anticipate top line of $ 894.90 million, while looking forward to income of $ 5.50 per share bottom line.
Previous Quarter Performance
Walker & Dunlop, Inc. outlined income for the second quarter of $ 1.95 per share, from the revenue of $ 252.82 million. The quarterly earnings developed 46.62 percent while revenues swell 26.20 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.09 per share from $ 196.87 million in revenue. The bottom line results beat street analysts by $ 0.86 or 78.90 percent, at the same time, top line results outshined analysts by $ 55.95 million or 28.42 percent.
Stock Performance
Shares of Walker & Dunlop, Inc. traded low $ -1.34 or -2.23 percent on Wednesday, reaching $ 58.80 with volume of 277.10 thousand shares. Walker & Dunlop, Inc. has traded high as $ 59.59 and has cracked $ 57.93 on the downward trend
According to the previous trading day, closing price of $ 58.80, representing a 144.97 % increase from the 52 week low of $ 24.55 and a 24.58 % decrease over the 52 week high of $ 79.74.
The company has a market capital of $ 1.83 billion and is part of the Financial Services sector and Specialty Finance industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.36 per share on August 4, 2020. The dividend were payable on September 8, 2020 to holders of record as of the close of business on August 21, 2020 and ex-dividend date on August 20, 2020.
Conference Call
Walker & Dunlop, Inc. will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.walkerdunlop.com
Walker & Dunlop, Inc., through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans. It provides multifamily finance for multifamily, manufactured housing communities, student housing, affordable housing, and senior housing properties under the Fannie Mae DUS program; and FHA finance, such as construction and permanent loans to developers and owners of multifamily housing, affordable housing, senior housing, and healthcare facilities.
