Equities analysts forecast that SLM Corp (NASDAQ:SLM) will post sales of $392.05 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for SLM’s earnings, with the highest sales estimate coming in at $408.05 million and the lowest estimate coming in at $377.70 million. SLM reported sales of $332.61 million during the same quarter last year, which indicates a positive year over year growth rate of 17.9%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, April 17th.
According to Zacks, analysts expect that SLM will report full-year sales of $1.64 billion for the current year, with estimates ranging from $1.59 billion to $1.68 billion. For the next year, analysts forecast that the company will post sales of $1.83 billion, with estimates ranging from $1.79 billion to $1.87 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover SLM.
SLM (NASDAQ:SLM) last posted its earnings results on Wednesday, January 23rd. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. SLM had a net margin of 26.07% and a return on equity of 20.05%. The firm had revenue of $382.87 million during the quarter, compared to analyst estimates of $367.40 million. During the same period in the previous year, the business posted $0.19 EPS. SLM’s revenue was up 23.8% on a year-over-year basis.
Several equities research analysts recently weighed in on SLM shares. Zacks Investment Research raised shares of SLM from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Tuesday, January 15th. BidaskClub downgraded shares of SLM from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 13th. ValuEngine lowered shares of SLM from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 13th. TheStreet upgraded shares of SLM from a “c+” rating to a “b-” rating in a report on Monday, January 28th. Finally, Wedbush reiterated an “outperform” rating on shares of SLM in a report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $13.18.
In other SLM news, EVP Paul F. Thome sold 25,000 shares of SLM stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $11.10, for a total value of $277,500.00. Following the transaction, the executive vice president now owns 208,049 shares in the company, valued at $2,309,343.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jonathan Boyles sold 68,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $11.20, for a total value of $761,600.00. Following the sale, the senior vice president now owns 67,679 shares of the company’s stock, valued at approximately $758,004.80. The disclosure for this sale can be found here. Insiders have sold 93,805 shares of company stock valued at $1,047,625 in the last ninety days. Company insiders own 0.36% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. First Hawaiian Bank lifted its stake in SLM by 1.8% during the first quarter. First Hawaiian Bank now owns 69,000 shares of the credit services provider’s stock valued at $684,000 after buying an additional 1,200 shares in the last quarter. Deutsche Bank AG raised its stake in SLM by 68.5% during the 4th quarter. Deutsche Bank AG now owns 1,120,053 shares of the credit services provider’s stock valued at $9,306,000 after purchasing an additional 455,287 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of SLM during the fourth quarter valued at $5,817,000. Geode Capital Management LLC raised its position in SLM by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 4,672,277 shares of the credit services provider’s stock valued at $38,826,000 after buying an additional 307,406 shares during the period. Finally, Norges Bank purchased a new stake in SLM in the 4th quarter worth about $22,405,000.
Shares of SLM traded down $0.06 during mid-day trading on Wednesday, reaching $10.32. 2,326,216 shares of the company’s stock traded hands, compared to its average volume of 3,298,086. The stock has a market cap of $4.53 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 0.43 and a beta of 1.48. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.67. SLM has a 12 month low of $7.95 and a 12 month high of $12.46.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.12 annualized dividend and a dividend yield of 1.16%. SLM’s dividend payout ratio (DPR) is 11.21%.
SLM Corp. engages in the origination, servicing, 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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