SLM (NASDAQ:SLM – Get Free Report) posted its earnings results on Wednesday. The credit services provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.30), Briefing.com reports. SLM had a return on equity of 41.84% and a net margin of 24.67%. During the same period last year, the business earned $0.11 earnings per share. SLM updated its FY 2024 guidance to 2.700-2.800 EPS.
SLM Price Performance
SLM stock traded down $0.66 during midday trading on Thursday, reaching $22.14. The company had a trading volume of 678,098 shares, compared to its average volume of 1,766,435. SLM has a 1-year low of $12.26 and a 1-year high of $23.95. The stock has a 50 day moving average price of $21.90 and a 200-day moving average price of $21.49. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 0.60 and a beta of 1.15.
Insider Buying and Selling at SLM
In other news, Director Robert S. Strong sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $22.70, for a total transaction of $102,150.00. Following the completion of the sale, the director now owns 101,093 shares of the company’s stock, valued at approximately $2,294,811.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Analysis on SLM
About SLM
SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.
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