SLM (SLM) Scheduled to Post Quarterly Earnings on Wednesday

SLM (NASDAQ:SLMGet Rating) is set to issue its quarterly earnings data after the market closes on Wednesday, February 1st. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

SLM (NASDAQ:SLMGet Rating) last posted its quarterly earnings results on Wednesday, October 26th. The credit services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.18). The business had revenue of $369.51 million for the quarter, compared to analyst estimates of $347.69 million. SLM had a net margin of 35.01% and a return on equity of 47.71%. During the same period in the previous year, the firm posted $0.24 earnings per share. On average, analysts expect SLM to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SLM Stock Down 0.8 %

NASDAQ:SLM opened at $16.85 on Wednesday. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 5.49 and a beta of 1.18. SLM has a 1-year low of $13.72 and a 1-year high of $20.75. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 3.19. The business’s fifty day moving average price is $16.75 and its 200 day moving average price is $16.03.

SLM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Friday, March 3rd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.61%. SLM’s payout ratio is 14.33%.

Institutional Trading of SLM

Large investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its stake in shares of SLM by 22.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 6,711 shares of the credit services provider’s stock worth $123,000 after acquiring an additional 1,226 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in SLM by 1,958.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 7,204 shares of the credit services provider’s stock valued at $132,000 after purchasing an additional 6,854 shares during the period. Captrust Financial Advisors boosted its stake in SLM by 24.1% during the 1st quarter. Captrust Financial Advisors now owns 7,715 shares of the credit services provider’s stock valued at $142,000 after purchasing an additional 1,498 shares during the period. HighTower Advisors LLC bought a new stake in SLM during the 1st quarter valued at approximately $262,000. Finally, Two Sigma Advisers LP bought a new stake in SLM during the 3rd quarter valued at approximately $235,000. Institutional investors own 96.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com assumed coverage on SLM in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Jefferies Financial Group dropped their target price on SLM from $24.00 to $20.00 in a research report on Tuesday, October 18th. JPMorgan Chase & Co. upped their target price on SLM from $17.00 to $18.00 in a research report on Tuesday, January 10th. Morgan Stanley assumed coverage on SLM in a research report on Friday, October 7th. They issued an “underweight” rating and a $15.00 target price on the stock. Finally, Compass Point lowered SLM from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $18.00 in a research report on Thursday, November 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.80.

SLM Company Profile

(Get Rating)

SLM Corp. engages in the provision and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.

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Earnings History for SLM (NASDAQ:SLM)

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