SLM (SLM) to Release Quarterly Earnings on Monday

SLM (NASDAQ:SLM) will announce its earnings results after the market closes on Monday, October 22nd. Analysts expect the company to announce earnings of $0.23 per share for the quarter.

Shares of NASDAQ:SLM opened at $10.58 on Friday. SLM has a 52-week low of $9.65 and a 52-week high of $12.46. The company has a market capitalization of $4.55 billion, a P/E ratio of 14.90, a PEG ratio of 0.53 and a beta of 1.18. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.81.

Several analysts have issued reports on the company. BidaskClub cut SLM from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Zacks Investment Research cut SLM from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. ValuEngine raised SLM from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Wells Fargo & Co set a $14.00 target price on SLM and gave the company a “buy” rating in a research report on Friday, July 6th. Finally, Stephens assumed coverage on SLM in a research report on Monday, July 9th. They set an “overweight” rating and a $15.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. SLM presently has a consensus rating of “Hold” and a consensus target price of $14.66.

In other news, EVP Paul F. Thome sold 22,104 shares of the firm’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $11.13, for a total value of $246,017.52. Following the completion of the sale, the executive vice president now owns 183,383 shares of the company’s stock, valued at approximately $2,041,052.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is currently owned by company insiders.

About SLM

SLM Corporation, together with its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students and their families. Its loan portfolio also includes federal family education loan program, personal, and other loans.

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Earnings History for SLM (NASDAQ:SLM)

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