Walker & Dunlop (WD) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $1.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.37. Analysts had a consensus of $0.68. The company posted revenue of $147.90 million in the period, compared to analysts expectations of $119.88 million. The company’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Walker & Dunlop closed down -0.16 points or -0.67% at $23.69 with 1,39,257 shares getting traded on Tusday. Post opening the session at $23.84, the shares hit an intraday low of $23.67 and an intraday high of $23.97 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Mar 22, 2016, Dana L Schmaltz (director) purchased 1,000 shares at $24.12 per share price. According to the SEC, on Jan 6, 2016, Howard W Iii Smith (President) sold 15,000 shares at $28.20 per share price. On Dec 18, 2015, William M Walker (Chairman & CEO) sold 109,085 shares at $28.32 per share price, according to the Form-4 filing with the securities and exchange commission.
Walker & Dunlop Inc. (Walker & Dunlop) is a holding company which conducts all of its operations through Walker & Dunlop LLC its operating company. Walker & Dunlop is a provider of commercial real estate financial services in the United States with a primary focus on multifamily lending. The Company originates sells and services a range of multifamily and other commercial real estate financing products including Multifamily Finance Federal Housing Administration Finance Capital Markets and Proprietary Capital. It originates and sells loans through the programs of the Federal National Mortgage Association (Fannie Mae) the Federal Home Loan Mortgage Corporation (Freddie Mac and together with Fannie Mae the government-sponsored enterprises) the Government National Mortgage Association (Ginnie Mae) and the Federal Housing Administration a division of the United States Department of Housing and Urban Development (together with Ginnie Mae HUD).