Q1 2018 EPS Estimates for SLM Corp (SLM) Lifted by B. Riley
SLM Corp (NASDAQ:SLM) – Investment analysts at B. Riley lifted their Q1 2018 earnings per share (EPS) estimates for shares of SLM in a note issued to investors on Thursday. B. Riley analyst S. Moss now expects that the credit services provider will post earnings of $0.23 per share for the quarter, up from their previous forecast of $0.19. B. Riley also issued estimates for SLM’s Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $1.03 EPS, Q1 2019 earnings at $0.29 EPS, Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.32 EPS and FY2019 earnings at $1.20 EPS.
SLM (NASDAQ:SLM) last issued its quarterly earnings results on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.17. The firm had revenue of $282.06 million for the quarter, compared to the consensus estimate of $282.02 million. SLM had a net margin of 22.95% and a return on equity of 16.63%. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.12 EPS.
SLM has been the topic of a number of other research reports. BidaskClub downgraded shares of SLM from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 2nd. Citigroup started coverage on shares of SLM in a research report on Monday, January 8th. They set an “outperform” rating and a $17.00 target price on the stock. Zacks Investment Research upgraded shares of SLM from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. BMO Capital Markets reiterated a “hold” rating and set a $12.00 target price on shares of SLM in a research report on Friday, October 6th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $16.00 target price on shares of SLM in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $14.44.
SLM (NASDAQ:SLM) opened at $11.71 on Friday. The stock has a market cap of $5,156.76, a P/E ratio of 17.30, a PEG ratio of 0.57 and a beta of 1.33. SLM has a 1 year low of $9.65 and a 1 year high of $13.20. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.33 and a quick ratio of 1.33.
A number of hedge funds have recently made changes to their positions in the business. Aperio Group LLC increased its stake in SLM by 3.9% during the 3rd quarter. Aperio Group LLC now owns 188,045 shares of the credit services provider’s stock valued at $2,157,000 after purchasing an additional 7,129 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in SLM during the 3rd quarter valued at $115,000. Mutual of America Capital Management LLC increased its stake in SLM by 3.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 357,472 shares of the credit services provider’s stock valued at $4,111,000 after purchasing an additional 12,017 shares in the last quarter. Chartwell Investment Partners LLC increased its stake in SLM by 4.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 407,916 shares of the credit services provider’s stock valued at $4,678,000 after purchasing an additional 17,010 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in SLM by 26.0% during the 3rd quarter. SG Americas Securities LLC now owns 170,874 shares of the credit services provider’s stock valued at $1,960,000 after purchasing an additional 35,305 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.
In other SLM news, CEO Raymond J. Quinlan sold 200,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $11.52, for a total transaction of $2,304,000.00. Following the completion of the sale, the chief executive officer now owns 1,080,133 shares in the company, valued at approximately $12,443,132.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jonathan Boyles sold 2,776 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $11.65, for a total transaction of $32,340.40. Following the sale, the senior vice president now 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. 0.59% of the stock is owned by insiders.
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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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