Wall Street brokerages expect SLM Corp (NASDAQ:SLM) to post earnings of $0.25 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for SLM’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.24. SLM posted earnings per share of $0.23 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The company is expected to report its next earnings results on Monday, October 28th.

On average, analysts expect that SLM will report full-year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.24. For the next year, analysts forecast that the business will post earnings of $1.40 per share, with EPS estimates ranging from $1.35 to $1.45. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow SLM.

SLM (NASDAQ:SLM) last announced its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. SLM had a net margin of 26.18% and a return on equity of 20.44%. The company had revenue of $396.87 million for the quarter, compared to analysts’ expectations of $401.69 million. During the same quarter in the previous year, the company earned $0.25 earnings per share.

A number of brokerages have weighed in on SLM. TheStreet cut shares of SLM from a “b-” rating to a “c+” rating in a report on Thursday, August 29th. BidaskClub upgraded shares of SLM from a “sell” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets set a $16.00 target price on shares of SLM and gave the stock a “buy” rating in a research note on Friday, July 26th. Compass Point downgraded shares of SLM from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Finally, ValuEngine upgraded shares of SLM from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. SLM currently has an average rating of “Hold” and an average price target of $12.83.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Partners boosted its stake in SLM by 3.2% in the 2nd quarter. Boston Partners now owns 20,246,647 shares of the credit services provider’s stock worth $196,647,000 after purchasing an additional 631,573 shares in the last quarter. Atria Investments LLC acquired a new stake in SLM during the 2nd quarter valued at approximately $3,804,000. Natixis lifted its stake in SLM by 38.0% during the 2nd quarter. Natixis now owns 1,700,605 shares of the credit services provider’s stock valued at $16,530,000 after acquiring an additional 468,343 shares during the period. HM Payson & Co. acquired a new stake in SLM during the 2nd quarter valued at approximately $46,000. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in SLM by 115.7% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 365,810 shares of the credit services provider’s stock valued at $3,555,000 after acquiring an additional 196,213 shares during the period. 98.53% of the stock is currently owned by institutional investors and hedge funds.

SLM traded up $0.09 during midday trading on Friday, reaching $9.26. The company’s stock had a trading volume of 2,724,910 shares, compared to its average volume of 3,244,891. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.55 and a beta of 1.45. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.80. SLM has a 1 year low of $7.76 and a 1 year high of $12.09. The stock’s 50-day moving average is $8.60 and its 200-day moving average is $9.67.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, September 6th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.30%. SLM’s payout ratio is 11.21%.

SLM Company Profile

SLM Corporation, through 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 or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.

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Earnings History and Estimates for SLM (NASDAQ:SLM)

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