SLM (SLM) to Release Earnings on Thursday

SLM (NASDAQ:SLM) is projected to announce its earnings results after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.56 per share and revenue of $371,736.50 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

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

SLM Stock Up 2.1 %

Shares of SLM opened at $28.57 on Wednesday. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.76 and a beta of 1.21. SLM has a 52 week low of $18.84 and a 52 week high of $28.91. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.27 and a current ratio of 1.29. The business’s fifty day moving average price is $26.97 and its two-hundred day moving average price is $23.75.

Insider Activity at SLM

In other SLM news, Director Robert S. Strong sold 4,500 shares of SLM stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $27.25, for a total transaction of $122,625.00. Following the completion of the transaction, the director now directly owns 83,130 shares of the company’s stock, valued at $2,265,292.50. The trade was a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.