Zacks: Brokerages Anticipate SLM Corporation (SLM) to Post $0.19 EPS
Wall Street brokerages predict that SLM Corporation (NASDAQ:SLM) will report earnings of $0.19 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for SLM’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.18. SLM reported earnings of $0.15 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 26.7%. The business is scheduled to report its next quarterly earnings report on Wednesday, January 17th.
According to Zacks, analysts expect that SLM will report full year earnings of $0.72 per share for the current financial year. For the next financial year, analysts expect that the firm will post earnings of $0.86 per share, with EPS estimates ranging from $0.83 to $0.90. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow SLM.
SLM (NASDAQ:SLM) last issued its earnings results on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.17. The business had revenue of $282.06 million for the quarter, compared to the consensus estimate of $282.02 million. SLM had a net margin of 22.95% and a return on equity of 16.63%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 earnings per share.
A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of SLM from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. FBR & Co set a $13.00 target price on shares of SLM and gave the stock a “buy” rating in a report on Thursday, October 19th. Wedbush restated an “outperform” rating and set a $14.50 target price on shares of SLM in a report on Thursday, September 14th. Zacks Investment Research upgraded shares of SLM from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Finally, Citigroup assumed coverage on shares of SLM in a report on Monday, October 16th. They set a “buy” rating and a $16.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. SLM has a consensus rating of “Hold” and an average price target of $13.44.
Several large investors have recently added to or reduced their stakes in SLM. Steward Partners Investment Advisory LLC acquired a new position in shares of SLM in the third quarter valued at $115,000. Crossmark Global Holdings Inc. acquired a new position in shares of SLM in the third quarter valued at $666,000. Canada Pension Plan Investment Board acquired a new position in shares of SLM in the third quarter valued at $1,248,000. SG Americas Securities LLC increased its holdings in shares of SLM by 7.9% in the second quarter. SG Americas Securities LLC now owns 135,569 shares of the credit services provider’s stock valued at $1,559,000 after purchasing an additional 9,887 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in shares of SLM by 10.9% in the second quarter. Aperio Group LLC now owns 180,916 shares of the credit services provider’s stock valued at $2,081,000 after purchasing an additional 17,722 shares during the last quarter. Hedge funds and other institutional investors own 99.38% of the company’s stock.
Shares of SLM (NASDAQ:SLM) traded down $0.18 on Tuesday, reaching $11.39. 7,196,823 shares of the company were exchanged, compared to its average volume of 3,144,018. The firm has a market capitalization of $5,000.00, a P/E ratio of 15.78 and a beta of 1.30. SLM has a fifty-two week low of $9.65 and a fifty-two week high of $13.20. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.33 and a current ratio of 1.33.
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SLM Company Profile
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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