SLM (SLM) to Release Earnings on Thursday

SLM (NASDAQ:SLM) is expected to post its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect SLM to post earnings of $0.56 per share and revenue of $371,736.50 billion for the quarter. SLM has set its FY 2024 guidance at 2.700-2.800 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

SLM (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.30). SLM had a net margin of 22.18% and a return on equity of 35.92%. The company had revenue of $652.64 million during the quarter, compared to the consensus estimate of $363.40 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, analysts expect SLM to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

SLM Stock Performance

SLM opened at $27.98 on Tuesday. The business has a 50 day moving average of $26.88 and a 200-day moving average of $23.70. SLM has a 12-month low of $18.25 and a 12-month high of $28.91. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.73 and a beta of 1.21. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 3.21.

Wall Street Analysts Forecast Growth

SLM has been the subject of several recent research reports. Barclays reduced their price objective on shares of SLM from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $30.00 price objective (up from $27.00) on shares of SLM in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on SLM from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of SLM in a research note on Thursday, October 24th. Finally, Wedbush reissued an “outperform” rating and issued a $26.00 target price on shares of SLM in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.90.

Insider Activity at SLM

In related news, Director Robert S. Strong sold 4,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $27.25, for a total transaction of $122,625.00. Following the completion of the sale, the director now directly owns 83,130 shares of the company’s stock, valued at approximately $2,265,292.50. This trade represents a 5.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.

SLM Company Profile

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.