News coverage about SLM (NASDAQ:SLM) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SLM earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news stories about the credit services provider an impact score of 45.7092598998663 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Brokers Issue Forecasts for SLM Corp’s FY2018 Earnings (SLM) (americanbankingnews.com)
- SLM Corp Expected to Earn Q1 2018 Earnings of $0.26 Per Share (SLM) (americanbankingnews.com)
- Q1 2018 EPS Estimates for SLM Corp (SLM) Boosted by Analyst (americanbankingnews.com)
- SLM (SLM) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Jefferies Group Comments on SLM Corp’s Q2 2018 Earnings (SLM) (americanbankingnews.com)
A number of research firms have issued reports on SLM. BidaskClub cut shares of SLM from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 2nd. Citigroup began coverage on shares of SLM in a research note on Monday, January 8th. They issued an “outperform” rating and a $17.00 target price for the company. Zacks Investment Research upgraded shares of SLM from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. BMO Capital Markets reiterated a “hold” rating and issued a $12.00 target price on shares of SLM in a research note on Friday, October 6th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 target price on shares of SLM in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $14.44.
SLM (NASDAQ SLM) opened at $11.71 on Friday. SLM has a 52-week low of $9.65 and a 52-week high of $13.20. The company has a market cap of $5,060.00, a P/E ratio of 17.48 and a beta of 1.32. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.33 and a quick ratio of 1.33.
SLM (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, October 18th. The credit services provider reported $0.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.17. SLM had a net margin of 22.95% and a return on equity of 16.63%. The company had revenue of $282.06 million for the quarter, compared to analyst estimates of $282.02 million. During the same quarter last year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. sell-side analysts forecast that SLM will post 0.72 EPS for the current year.
In other news, SVP Jonathan Boyles sold 2,776 shares of SLM stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $11.65, for a total value of $32,340.40. Following the transaction, the senior vice president now owns 173,728 shares of the company’s stock, valued at $2,023,931.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Raymond J. Quinlan sold 200,000 shares of SLM stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $11.52, for a total transaction of $2,304,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,080,133 shares in the company, valued at approximately $12,443,132.16. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.
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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