SLM Corporation (NASDAQ:SLM) Releases FY17 Earnings Guidance

SLM Corporation (NASDAQ:SLM) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share guidance of approx $0.72 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72.

Several research firms recently weighed in on SLM. Zacks Investment Research upgraded SLM Corporation from a sell rating to a hold rating in a research report on Wednesday, September 6th. BidaskClub downgraded SLM Corporation from a sell rating to a strong sell rating in a research report on Friday, October 13th. FBR & Co lowered their price objective on SLM Corporation from $14.00 to $13.00 and set an outperform rating on the stock in a research report on Friday, July 21st. Wedbush downgraded SLM Corporation to a buy rating and set a $15.00 price objective on the stock. in a research report on Saturday, July 22nd. Finally, Citigroup Inc. assumed coverage on SLM Corporation in a research report on Monday, October 16th. They issued a buy rating and a $16.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $13.44.

Shares of SLM Corporation (NASDAQ:SLM) opened at 10.80 on Friday. The company has a market capitalization of $4.66 billion, a PE ratio of 17.42 and a beta of 1.25. The stock has a 50 day moving average price of $10.94 and a 200 day moving average price of $11.08. SLM Corporation has a one year low of $6.93 and a one year high of $13.20.

SLM Corporation (NASDAQ:SLM) last announced its quarterly earnings results on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. SLM Corporation had a net margin of 22.95% and a return on equity of 16.63%. The company had revenue of $282.06 million for the quarter, compared to the consensus estimate of $282.02 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, equities research analysts predict that SLM Corporation will post $0.71 earnings per share for the current year.

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SLM Corporation Company Profile

SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.

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