Equities analysts expect that SLM Corporation (NASDAQ:SLM) will post earnings per share of $0.19 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for SLM Corporation’s earnings, with estimates ranging from $0.18 to $0.19. SLM Corporation reported earnings of $0.15 per share during the same quarter last year, which indicates a positive year over year growth rate of 26.7%. The business is expected to announce its next quarterly earnings results on Wednesday, January 17th.

On average, analysts expect that SLM Corporation will report full year earnings of $0.72 per share for the current financial year, with EPS estimates ranging from $0.72 to $0.73. For the next year, analysts anticipate that the business will post earnings of $0.88 per share, with EPS estimates ranging from $0.85 to $0.90. Zacks’ EPS calculations are an average based on a survey of research firms that cover SLM Corporation.

SLM Corporation (NASDAQ:SLM) last posted its quarterly earnings data on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. SLM Corporation had a return on equity of 16.63% and a net margin of 22.95%. The business had revenue of $282.06 million during the quarter, compared to analysts’ expectations of $282.02 million. During the same quarter in the previous year, the firm earned $0.12 EPS. The firm’s revenue was up 26.3% compared to the same quarter last year.

SLM has been the subject of a number of research analyst reports. Wedbush cut SLM Corporation to a “buy” rating and set a $15.00 price objective for the company. in a report on Saturday, July 22nd. Jefferies Group LLC restated a “buy” rating and set a $15.00 price objective on shares of SLM Corporation in a report on Saturday, July 22nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $15.00 price objective on shares of SLM Corporation in a report on Friday, July 14th. FBR & Co restated a “buy” rating and set a $13.00 price objective on shares of SLM Corporation in a report on Tuesday, September 19th. Finally, Citigroup Inc. initiated coverage on shares of SLM Corporation in a research report on Monday, October 16th. They issued a “buy” rating and a $16.00 price target for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. SLM Corporation presently has a consensus rating of “Hold” and an average price target of $13.44.

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Several large investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC increased its holdings in shares of SLM Corporation by 3.5% during the second quarter. Mutual of America Capital Management LLC now owns 357,472 shares of the credit services provider’s stock worth $4,111,000 after buying an additional 12,017 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of SLM Corporation by 9.0% during the second quarter. Nationwide Fund Advisors now owns 1,442,598 shares of the credit services provider’s stock worth $16,590,000 after buying an additional 119,024 shares in the last quarter. Dorsey Wright & Associates increased its holdings in shares of SLM Corporation by 1.2% during the second quarter. Dorsey Wright & Associates now owns 185,539 shares of the credit services provider’s stock worth $2,134,000 after buying an additional 2,245 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of SLM Corporation by 7.9% during the second quarter. SG Americas Securities LLC now owns 135,569 shares of the credit services provider’s stock worth $1,559,000 after buying an additional 9,887 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in shares of SLM Corporation by 10.9% during the second quarter. Aperio Group LLC now owns 180,916 shares of the credit services provider’s stock worth $2,081,000 after buying an additional 17,722 shares in the last quarter. Institutional investors own 98.40% of the company’s stock.

SLM Corporation (NASDAQ:SLM) traded down 2.47% during trading on Friday, hitting $10.68. The company had a trading volume of 1,967,250 shares. The stock has a 50-day moving average of $10.95 and a 200-day moving average of $11.11. SLM Corporation has a one year low of $6.93 and a one year high of $13.20. The stock has a market capitalization of $4.61 billion, a PE ratio of 17.23 and a beta of 1.25.

About SLM Corporation

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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