SLM (SLM) Scheduled to Post Earnings on Wednesday
SLM (NASDAQ:SLM) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, January 17th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
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 company had revenue of $282.06 million for the quarter, compared to analyst estimates of $282.02 million. SLM had a net margin of 22.95% and a return on equity of 16.63%. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. On average, analysts expect SLM to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of SLM (NASDAQ SLM) opened at $11.71 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $5,060.00, a PE ratio of 17.48, a price-to-earnings-growth ratio of 0.56 and a beta of 1.32. SLM has a one year low of $9.65 and a one year high of $13.20.
SLM has been the topic of a number of recent research reports. FBR & Co set a $13.00 price target on shares of SLM and gave the stock a “buy” rating in a research note on Thursday, October 19th. BMO Capital Markets reissued a “hold” rating and set a $12.00 price objective on shares of SLM in a research report on Friday, October 6th. BidaskClub raised SLM from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Zacks Investment Research downgraded SLM from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Jefferies Group reissued a “buy” rating and set a $16.00 price objective on shares of SLM in a research report on Thursday, January 11th. 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’s stock. SLM presently has an average rating of “Buy” and a consensus price target of $14.44.
In related news, SVP Jonathan Boyles sold 2,776 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $11.65, for a total value of $32,340.40. Following the completion of the transaction, the senior vice president now directly owns 173,728 shares of the company’s stock, valued at $2,023,931.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Raymond J. Quinlan sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $11.52, for a total value of $2,304,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,080,133 shares of the company’s stock, valued at $12,443,132.16. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.
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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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