Wall Street brokerages forecast that SLM Corp (NASDAQ:SLM) will report sales of $350.20 million for the current quarter, according to Zacks. Four analysts have provided estimates for SLM’s earnings, with the highest sales estimate coming in at $359.98 million and the lowest estimate coming in at $338.20 million. SLM posted sales of $282.06 million in the same quarter last year, which suggests a positive year-over-year growth rate of 24.2%. The company is expected to issue its next earnings results on Wednesday, October 17th.

According to Zacks, analysts expect that SLM will report full-year sales of $1.39 billion for the current fiscal year, with estimates ranging from $1.36 billion to $1.40 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.57 billion per share, with estimates ranging from $1.49 billion to $1.62 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for SLM.

SLM (NASDAQ:SLM) last posted its quarterly earnings data on Tuesday, July 24th. The credit services provider reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $340.95 million during the quarter, compared to analyst estimates of $333.28 million. SLM had a return on equity of 18.48% and a net margin of 21.69%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS.

A number of analysts have commented on the company. ValuEngine lowered SLM from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Stephens assumed coverage on SLM in a report on Monday, July 9th. They issued an “overweight” rating and a $15.00 target price for the company. Oppenheimer set a $16.00 target price on SLM and gave the stock a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research lowered SLM from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Finally, Wedbush reduced their target price on SLM from $14.50 to $14.25 and set an “outperform” rating for the company in a report on Wednesday, May 30th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. SLM currently has an average rating of “Buy” and an average target price of $14.52.

Shares of SLM stock traded down $0.10 on Tuesday, reaching $11.90. The company’s stock had a trading volume of 5,860,629 shares, compared to its average volume of 2,030,460. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.60 and a beta of 1.18. SLM has a 52 week low of $9.65 and a 52 week high of $12.46. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.81.

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 transaction, the executive vice president now directly owns 183,383 shares in the company, valued at approximately $2,041,052.79. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in shares of SLM by 1.1% in the 2nd quarter. Northern Trust Corp now owns 3,397,100 shares of the credit services provider’s stock worth $38,898,000 after buying an additional 35,942 shares during the last quarter. PEAK6 Investments L.P. purchased a new position in SLM during the second quarter valued at $1,249,000. ValueAct Holdings L.P. lifted its position in SLM by 408.2% during the second quarter. ValueAct Holdings L.P. now owns 37,605,408 shares of the credit services provider’s stock valued at $430,582,000 after purchasing an additional 30,205,408 shares in the last quarter. Point72 Europe London LLP lifted its position in SLM by 18.5% during the second quarter. Point72 Europe London LLP now owns 850,059 shares of the credit services provider’s stock valued at $9,733,000 after purchasing an additional 132,500 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in SLM by 53.7% during the second quarter. Cubist Systematic Strategies LLC now owns 33,830 shares of the credit services provider’s stock valued at $387,000 after purchasing an additional 11,818 shares in the last quarter. Hedge funds and other institutional investors own 99.73% of the company’s stock.

SLM Company Profile

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 and Estimates for SLM (NASDAQ:SLM)

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