Equities analysts expect that SLM Corp (NASDAQ:SLM) will announce earnings of $0.57 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for SLM’s earnings. SLM posted earnings of $0.31 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 83.9%. The firm is scheduled to announce its next earnings results on Wednesday, July 22nd.
On average, analysts expect that SLM will report full-year earnings of $1.26 per share for the current financial year, with EPS estimates ranging from $1.15 to $1.38. For the next fiscal year, analysts forecast that the business will report earnings of $1.37 per share, with EPS estimates ranging from $1.05 to $1.70. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for SLM.
SLM (NASDAQ:SLM) last announced its earnings results on Wednesday, April 22nd. The credit services provider reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.09). SLM had a return on equity of 29.22% and a net margin of 29.36%. The firm had revenue of $400.12 million during the quarter, compared to analysts’ expectations of $400.70 million. During the same period in the previous year, the business posted $0.34 earnings per share.
Several research firms have recently commented on SLM. ValuEngine downgraded SLM from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 9th. Credit Suisse Group reaffirmed a “buy” rating and issued a $12.00 price objective on shares of SLM in a research note on Thursday, April 23rd. BidaskClub downgraded SLM from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. BMO Capital Markets downgraded SLM from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $12.00 to $9.00 in a research note on Thursday, May 14th. Finally, Zacks Investment Research downgraded SLM from a “strong-buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a research note on Friday, April 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $11.33.
Shares of NASDAQ SLM traded up $0.28 during trading on Tuesday, hitting $6.95. The company had a trading volume of 4,984,200 shares, compared to its average volume of 5,093,223. The stock has a 50 day simple moving average of $7.64 and a 200 day simple moving average of $8.64. The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.26 and a current ratio of 1.26. SLM has a 12 month low of $5.60 and a 12 month high of $12.32. The firm has a market capitalization of $2.50 billion, a P/E ratio of 3.82 and a beta of 1.42.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 3rd. SLM’s dividend payout ratio (DPR) is presently 9.45%.
A number of large investors have recently added to or reduced their stakes in SLM. Massachusetts Financial Services Co. MA increased its stake in SLM by 236.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 8,364,134 shares of the credit services provider’s stock worth $60,138,000 after acquiring an additional 5,879,203 shares during the last quarter. Norges Bank bought a new stake in SLM in the 4th quarter worth approximately $24,023,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in SLM in the 1st quarter worth approximately $16,958,000. Nuveen Asset Management LLC increased its stake in SLM by 54.1% in the 4th quarter. Nuveen Asset Management LLC now owns 4,592,512 shares of the credit services provider’s stock worth $40,919,000 after acquiring an additional 1,612,762 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in SLM by 33.7% in the 1st quarter. Wedge Capital Management L L P NC now owns 5,041,212 shares of the credit services provider’s stock worth $36,246,000 after acquiring an additional 1,270,773 shares during the last quarter. 99.00% of the stock is currently owned by institutional investors and hedge funds.
SLM Company Profile
SLM Corporation, through 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 or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.
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