SLM (NASDAQ:SLM – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.100-3.200 for the period, compared to the consensus EPS estimate of 3.150. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on SLM shares. Morgan Stanley increased their price objective on SLM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on SLM from $24.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, July 13th. Wells Fargo & Company decreased their price target on shares of SLM from $32.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Zacks Research downgraded shares of SLM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Compass Point upgraded shares of SLM from a “sell” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $22.00 in a research report on Monday, March 30th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $29.90.
Check Out Our Latest Report on SLM
SLM Trading Down 4.1%
SLM (NASDAQ:SLM – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). The company had revenue of $401.11 million for the quarter, compared to the consensus estimate of $409.22 million. SLM had a net margin of 26.42% and a return on equity of 34.80%. SLM has set its FY 2026 guidance at 3.100-3.200 EPS. Equities analysts forecast that SLM will post 3.16 EPS for the current year.
SLM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 4th. SLM’s dividend payout ratio is currently 14.40%.
Hedge Funds Weigh In On SLM
Institutional investors and hedge funds have recently modified their holdings of the company. Triumph Capital Management purchased a new stake in SLM during the third quarter valued at $69,000. EverSource Wealth Advisors LLC boosted its stake in shares of SLM by 118.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,995 shares of the credit services provider’s stock worth $131,000 after acquiring an additional 2,164 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of SLM in the first quarter worth $263,000. NewEdge Advisors LLC grew its position in shares of SLM by 6.6% during the first quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider’s stock valued at $627,000 after purchasing an additional 1,319 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in SLM by 6.1% in the 2nd quarter. Captrust Financial Advisors now owns 36,889 shares of the credit services provider’s stock worth $1,210,000 after acquiring an additional 2,109 shares during the last quarter. 98.94% of the stock is currently owned by hedge funds and other institutional investors.
About SLM
SLM Corporation, operating as Sallie Mae Bank, is a leading U.S.-based consumer banking company specializing in education financing and related banking products. The company provides a range of private student loans for undergraduate and graduate studies, Parent PLUS loans, and specialized financing for career and certificate programs. In addition to its core lending services, Sallie Mae offers deposit products including savings accounts, checking accounts, money market accounts, certificates of deposit, and credit cards tailored to students and young adults.
Founded in 1972 as the Student Loan Marketing Association—a government-sponsored enterprise—Sallie Mae was privatized in 2004 and has since focused on expanding its private education loan offerings and digital banking solutions.
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