Last $14.03 USD
Change Today -0.18 / -1.27%
Volume 18.8K
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

walker & dunlop inc (WD) Key Developments

Walker & Dunlop, Inc. Opens New Office in Charlotte, North Carolina

Walker & Dunlop, Inc. announced that it has opened a new office in Charlotte, NC, adding to its significant Southeast presence which already includes Atlanta, Boca Raton, Nashville, New Orleans, Tampa and Ft. Lauderdale. In addition to loan origination, the Charlotte office will also contain much of the credit operations for Walker & Dunlop's new CMBS conduit.

Walker & Dunlop, Inc. Presents at Morgan Stanley Financials Conference, Jun-11-2014 10:20 AM

Walker & Dunlop, Inc. Presents at Morgan Stanley Financials Conference, Jun-11-2014 10:20 AM. Venue: Waldorf Astoria Hotel, New York, New York, United States. Speakers: Stephen P. Theobald, Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Treasurer.

Walker & Dunlop, Inc. Presents at 2014 Wells Fargo Specialty Finance Conference, May-20-2014 11:00 AM

Walker & Dunlop, Inc. Presents at 2014 Wells Fargo Specialty Finance Conference, May-20-2014 11:00 AM. Venue: InterContinental Times Square, 300 W 44th St, New York, NY 10036, United States. Speakers: Stephen P. Theobald, Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Treasurer.

Walker & Dunlop, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Net Write-Offs for the First Quarter Ended March 31, 2014; Provides EBITDA Guidance for 2014

Walker & Dunlop, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Total revenues for the first quarter were $64.8 million, a 6% decrease from $69.2 million for the first quarter 2013. The decrease in total Revenue was driven by a 9% decrease in loan origination volume, partially offset by a 10% increase in servicing fees and an increase in interest income from loans originated for balance sheet. Income from operations was $11.9 million against $12.3 million last year. Net income was $7.1 million or $0.21 per basic and diluted share against $7.7 million or $0.23 per basic and diluted share last year. Adjusted net income for the first quarter 2014, which excludes certain items, decreased 12% to $7.5 million, or $0.22 per diluted share, from $8.5 million, or $0.25 per diluted share for the first quarter 2013. Adjusted income from operations was $12.4 million against $13.6 million last year. Adjusted EBITDA for the first quarter 2014 was $19.8 million compared to $13.8 million for the first quarter 2013, a 44% increase, primarily due to the increase in servicing fee income, increased warehouse interest income from on-balance sheet loans, and the benefit of the reduced compensation related costs year-over-year. Substantially, all of the revenue decline from the first quarter last year has come from lower gains attributable to mortgage servicing rights and noncash revenue, while all of expenses have declined, with the exception of amortization and depreciation, which is also noncash, and interest expense on corporate debt, which is not included in EBITDA. Net write-offs for the first quarter of 2014 were $1.4 million compared to zero for the first quarter 2013. The company do not expect adjusted EBITDA to grow in a linear fashion quarter-to-quarter, but as servicing fees continue to grow, and proprietary capital initiatives take hold, the company do expect that adjusted EBITDA will continue to increase over time.

Walker & Dunlop, Inc. to Report Q1, 2014 Results on May 08, 2014

Walker & Dunlop, Inc. announced that they will report Q1, 2014 results at 9:00 AM, Eastern Standard Time on May 08, 2014

 

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Valuation WD Industry Range
Price/Earnings 11.9x
Price/Sales 1.6x
Price/Book 1.2x
Price/Cash Flow 4.4x
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