SLM Corporation (SLM) Releases FY17 Earnings Guidance
SLM Corporation (NASDAQ:SLM) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of approx $0.72 for the period, compared to the Thomson Reuters consensus estimate of $0.72.
Several research analysts have recently commented on the company. BidaskClub raised SLM Corporation from a strong sell rating to a sell rating in a report on Friday. FBR & Co reissued a buy rating and issued a $13.00 price target on shares of SLM Corporation in a research note on Thursday. Citigroup Inc. started coverage on SLM Corporation in a research note on Monday. They issued a buy rating and a $16.00 price target on the stock. Zacks Investment Research raised SLM Corporation from a sell rating to a hold rating in a research note on Thursday, October 12th. Finally, BMO Capital Markets reissued a hold rating and issued a $12.00 price target on shares of SLM Corporation in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $13.44.
SLM Corporation (NASDAQ SLM) opened at 10.69 on Friday. The stock’s 50 day moving average is $10.92 and its 200 day moving average is $11.12. The company has a market capitalization of $4.61 billion, a PE ratio of 17.24 and a beta of 1.25. SLM Corporation has a one year low of $6.93 and a one year high of $13.20.
SLM Corporation (NASDAQ:SLM) last released its earnings results on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.17. The firm had revenue of $282.06 million for the quarter, compared to analysts’ expectations of $282.02 million. SLM Corporation had a net margin of 22.95% and a return on equity of 16.98%. The company’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 earnings per share. On average, analysts anticipate that SLM Corporation will post $0.72 earnings per share for the current fiscal year.
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SLM Corporation 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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