Analysts Anticipate SLM Corp (SLM) Will Post Quarterly Sales of $315.62 Million
Analysts expect SLM Corp (NASDAQ:SLM) to report sales of $315.62 million for the current quarter, Zacks reports. Four analysts have made estimates for SLM’s earnings, with the highest sales estimate coming in at $325.11 million and the lowest estimate coming in at $299.40 million. SLM posted sales of $268.08 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, April 18th.
According to Zacks, analysts expect that SLM will report full-year sales of $315.62 million for the current fiscal year, with estimates ranging from $1.32 billion to $1.39 billion. For the next financial year, analysts anticipate that the business will post sales of $1.54 billion per share, with estimates ranging from $1.47 billion to $1.63 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover SLM.
SLM (NASDAQ:SLM) last issued its earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.19. The business had revenue of $309.19 million during the quarter, compared to analyst estimates of $299.64 million. SLM had a return on equity of 16.65% and a net margin of 20.23%. During the same period in the previous year, the company posted $0.15 EPS.
Shares of SLM (SLM) traded down $0.03 during midday trading on Tuesday, reaching $10.67. The company’s stock had a trading volume of 4,737,426 shares, compared to its average volume of 5,629,159. The company has a current ratio of 1.37, a quick ratio of 1.33 and a debt-to-equity ratio of 1.58. The company has a market cap of $4,608.27, a price-to-earnings ratio of 17.21, a PEG ratio of 0.51 and a beta of 1.34. SLM has a 1-year low of $9.65 and a 1-year high of $13.20.
In related news, CEO Raymond J. Quinlan sold 200,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $11.52, for a total transaction of $2,304,000.00. Following the transaction, the chief executive officer now directly owns 1,080,133 shares of the company’s stock, valued at approximately $12,443,132.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Laurent Charles Lutz sold 10,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $11.40, for a total value of $114,000.00. Following the transaction, the executive vice president now directly owns 410,806 shares in the company, valued at $4,683,188.40. The disclosure for this sale can be found here. Insiders have sold a total of 375,323 shares of company stock worth $4,317,997 over the last ninety days. 0.59% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in SLM. Steward Partners Investment Advisory LLC acquired a new position in SLM during the 3rd quarter valued at about $115,000. Cerebellum GP LLC acquired a new position in SLM during the 4th quarter valued at about $127,000. Virtu Financial LLC acquired a new position in SLM during the 4th quarter valued at about $135,000. Centaurus Financial Inc. purchased a new stake in SLM during the 4th quarter valued at about $174,000. Finally, LMR Partners LLP grew its stake in SLM by 36.6% during the 4th quarter. LMR Partners LLP now owns 23,202 shares of the credit services provider’s stock valued at $262,000 after purchasing an additional 6,222 shares during the last quarter. 99.60% of the stock is currently owned by institutional investors.
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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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