SLM Co. (SLM) Issues FY12 Earnings Guidance
SLM Co. (SLM) issued an update on its FY12 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.15 for the period.
Shares of SLM Co. (SLM) traded up 0.18% during mid-day trading on Wednesday, hitting $17.16. SLM Co. (SLM) has a 52 week low of $11.97 and a 52 week high of $17.41. The company has a market cap of $8.055 billion and a P/E ratio of 10.17.
SLM last announced its earnings results on Wednesday, October 17th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.04. The company’s quarterly revenue was down 7.5% on a year-over-year basis. On average, analysts predict that SLM Co. (SLM) will post $2.15 earnings per share for the current fiscal year.
SLM has been the subject of a number of recent research reports. Analysts at Compass Point initiated coverage on shares of SLM in a research note to investors on Thursday, October 11th. They set a buy rating and a $21.00 price target on the stock. On a related note, analysts at Zacks reiterated an outperform rating on shares of SLM in a research note to investors on Monday, October 8th. They now have a $20.00 price target on the stock. Finally, analysts at Barclays Capital reiterated an overweight rating on shares of SLM in a research note to investors on Tuesday, October 2nd.
SLM Corporation, known as Sallie Mae, is engaged in the business of originating, servicing and collecting student loans and/or their parents to finance the cost of their education.
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