Wall Street analysts predict that SLM Corp (NASDAQ:SLM) will report earnings of $0.30 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for SLM’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.32. SLM posted earnings per share of $0.31 in the same quarter last year, which would indicate a negative year over year growth rate of 3.2%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, January 22nd.
On average, analysts expect that SLM will report full year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.23 to $1.24. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.38 per share, with EPS estimates ranging from $1.35 to $1.45. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover SLM.
SLM (NASDAQ:SLM) last posted its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. SLM had a return on equity of 20.63% and a net margin of 25.04%. The business had revenue of $405.07 million for the quarter, compared to analyst estimates of $397.58 million. During the same quarter in the prior year, the company earned $0.23 earnings per share.
NASDAQ:SLM traded up $0.17 during trading hours on Friday, reaching $8.57. 8,642,322 shares of the company traded hands, compared to its average volume of 3,796,425. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.32 and a quick ratio of 1.32. The firm’s 50-day moving average is $8.66 and its 200-day moving average is $9.01. The stock has a market cap of $3.55 billion, a P/E ratio of 8.01, a P/E/G ratio of 0.52 and a beta of 1.41. SLM has a 1-year low of $7.76 and a 1-year high of $11.53.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, December 6th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.12 annualized dividend and a yield of 1.40%. SLM’s dividend payout ratio is currently 11.21%.
Large investors have recently added to or reduced their stakes in the business. Huntington National Bank lifted its position in shares of SLM by 85.0% during the third quarter. Huntington National Bank now owns 5,314 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 2,442 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SLM by 59.8% during the second quarter. Envestnet Asset Management Inc. now owns 189,241 shares of the credit services provider’s stock valued at $1,839,000 after acquiring an additional 70,848 shares during the period. Natixis increased its stake in shares of SLM by 38.0% during the second 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. SG Americas Securities LLC raised its holdings in SLM by 78.5% during the third quarter. SG Americas Securities LLC now owns 221,208 shares of the credit services provider’s stock worth $1,952,000 after purchasing an additional 97,287 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in SLM during the second quarter worth approximately $224,000. 98.78% of the stock is currently owned by institutional investors.
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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