SLM (SLM) Updates FY 2019 Earnings Guidance

SLM (NASDAQ:SLM) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.22-1.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.21.

A number of research firms have recently weighed in on SLM. BidaskClub downgraded SLM from a hold rating to a sell rating in a research note on Friday, September 28th. ValuEngine downgraded SLM from a sell rating to a strong sell rating in a research note on Thursday, December 13th. Barclays reaffirmed a buy rating and set a $13.00 price target on shares of SLM in a research note on Friday, December 14th. Zacks Investment Research raised SLM from a hold rating to a buy rating and set a $12.00 price target for the company in a research note on Thursday, October 25th. Finally, Wells Fargo & Co cut their price target on SLM from $14.00 to $13.00 and set an outperform rating for the company in a research note on Wednesday, December 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $13.16.

Shares of SLM stock traded up $0.11 during trading on Wednesday, reaching $9.49. The company had a trading volume of 3,301,396 shares, compared to its average volume of 3,124,177. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.41 and a current ratio of 1.41. SLM has a one year low of $7.95 and a one year high of $12.46. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.40 and a beta of 1.34.

SLM (NASDAQ:SLM) last issued its quarterly earnings data on Monday, October 22nd. The credit services provider reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). SLM had a net margin of 22.81% and a return on equity of 18.84%. The company had revenue of $356.63 million during the quarter, compared to the consensus estimate of $350.10 million. During the same period in the previous year, the business posted $0.17 earnings per share. On average, analysts forecast that SLM will post 1.02 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Tuesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.26%.

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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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