Analysts expect that SLM Corp (NASDAQ:SLM) will post sales of $371.27 million for the current quarter, Zacks reports. Four analysts have made estimates for SLM’s earnings, with the highest sales estimate coming in at $381.96 million and the lowest estimate coming in at $362.90 million. SLM posted sales of $309.19 million during the same quarter last year, which suggests a positive year over year growth rate of 20.1%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, January 16th.

On average, analysts expect that SLM will report full-year sales of $1.40 billion for the current financial year, with estimates ranging from $1.39 billion to $1.41 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.61 billion, with estimates ranging from $1.58 billion to $1.66 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover SLM.

SLM (NASDAQ:SLM) last posted its earnings results on Monday, October 22nd. The credit services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). SLM had a return on equity of 18.84% and a net margin of 22.81%. The firm had revenue of $356.63 million for the quarter, compared to analyst estimates of $350.10 million. During the same period in the previous year, the company posted $0.17 EPS.

SLM has been the topic of a number of analyst reports. Oppenheimer set a $16.00 price target on SLM and gave the company a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research raised SLM from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Thursday, October 25th. ValuEngine raised SLM from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, BidaskClub raised SLM from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $14.30.

SLM traded up $0.22 during mid-day trading on Friday, hitting $10.11. 4,708,419 shares of the stock were exchanged, compared to its average volume of 3,183,070. SLM has a 1-year low of $9.78 and a 1-year high of $12.46. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.86. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 0.52 and a beta of 1.21.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group grew its stake in SLM by 1,014.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 7,693 shares of the credit services provider’s stock worth $690,000 after buying an additional 7,003 shares during the last quarter. Kentucky Retirement Systems purchased a new position in SLM during the 3rd quarter worth approximately $947,000. Banco de Sabadell S.A grew its stake in SLM by 36.1% during the 3rd quarter. Banco de Sabadell S.A now owns 182,452 shares of the credit services provider’s stock worth $2,056,000 after buying an additional 48,441 shares during the last quarter. Glenmede Trust Co. NA grew its stake in SLM by 64.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 504,857 shares of the credit services provider’s stock worth $5,629,000 after buying an additional 198,657 shares during the last quarter. Finally, HRT Financial LLC purchased a new position in SLM during the 3rd quarter worth approximately $167,000.

SLM Company Profile

SLM Corporation, together with its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students and their families. Its loan portfolio also includes federal family education loan program, personal, and other loans.

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Earnings History and Estimates for SLM (NASDAQ:SLM)

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