Brokerages Anticipate SLM Corp (SLM) Will Post Quarterly Sales of $315.62 Million

Analysts expect SLM Corp (NASDAQ:SLM) to post $315.62 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for SLM’s earnings. The highest sales estimate is $325.11 million and the lowest is $299.40 million. SLM posted sales of $268.08 million during the same quarter last year, which suggests a positive year over year growth rate of 17.7%. The company is expected to issue its next quarterly earnings results on Wednesday, April 18th.

According to Zacks, analysts expect that SLM will report full-year sales of $315.62 million for the current year, with estimates ranging from $1.32 billion to $1.39 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.54 billion per share, with estimates ranging from $1.47 billion to $1.63 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover SLM.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $309.19 million during the quarter, compared to analyst estimates of $299.64 million. SLM had a net margin of 20.23% and a return on equity of 16.65%. During the same quarter last year, the business earned $0.15 EPS.

Several analysts recently issued reports on the stock. BidaskClub raised shares of SLM from a “strong sell” rating to a “sell” rating in a research report on Friday, January 26th. Zacks Investment Research upgraded SLM from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, January 11th. FBR & Co set a $13.00 price objective on SLM and gave the company a “buy” rating in a research note on Thursday, October 19th. B. Riley restated a “buy” rating and set a $13.00 price objective (down from $14.00) on shares of SLM in a research note on Thursday, January 18th. Finally, Bank of America dropped their price objective on SLM from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. SLM has an average rating of “Buy” and an average target price of $14.18.

In other SLM news, CEO Raymond J. Quinlan sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $11.52, for a total value of $2,304,000.00. Following the completion of the sale, the chief executive officer now owns 1,080,133 shares of the company’s stock, valued at $12,443,132.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jonathan Boyles sold 2,776 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $11.65, for a total value of $32,340.40. Following the completion of the sale, the senior vice president now directly owns 173,728 shares of the company’s stock, valued at approximately $2,023,931.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 375,323 shares of company stock valued at $4,317,997. 0.59% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. American International Group Inc. lifted its position in SLM by 1.2% in the fourth quarter. American International Group Inc. now owns 893,595 shares of the credit services provider’s stock valued at $10,098,000 after purchasing an additional 10,739 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in SLM by 44.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 482,477 shares of the credit services provider’s stock valued at $5,452,000 after purchasing an additional 147,389 shares during the last quarter. Centaurus Financial Inc. bought a new stake in SLM in the fourth quarter valued at approximately $174,000. Virtu Financial LLC bought a new stake in SLM in the fourth quarter valued at approximately $135,000. Finally, Penn Capital Management Co. Inc. lifted its position in SLM by 3.7% in the fourth quarter. Penn Capital Management Co. Inc. now owns 495,379 shares of the credit services provider’s stock valued at $5,784,000 after purchasing an additional 17,468 shares during the last quarter. Hedge funds and other institutional investors own 99.60% of the company’s stock.

SLM (NASDAQ SLM) traded down $0.03 during midday trading on Tuesday, reaching $10.67. 4,737,426 shares of the company traded hands, compared to its average volume of 5,629,159. SLM has a twelve month low of $9.65 and a twelve month high of $13.20. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of 1.58. The firm has a market cap of $4,608.27, a P/E ratio of 17.21, a P/E/G ratio of 0.51 and a beta of 1.34.

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SLM 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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Earnings History and Estimates for SLM (NASDAQ:SLM)

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