SLM (NASDAQ:SLM) will announce its earnings results after the market closes on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. SLM has set its FY 2019 guidance at $1.22-1.26 EPS and its FY19 guidance at $1.22-1.26 EPS.Investors interested in listening to the company’s conference call can do so using this link.
SLM (NASDAQ:SLM) last issued its quarterly earnings results on Wednesday, January 23rd. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The firm had revenue of $382.87 million for the quarter, compared to analyst estimates of $367.40 million. SLM had a return on equity of 20.05% and a net margin of 26.07%. The business’s revenue was up 23.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share. On average, analysts expect SLM to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ:SLM opened at $10.31 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $4.48 billion, a PE ratio of 9.64, a PEG ratio of 0.42 and a beta of 1.48. SLM has a 1 year low of $7.95 and a 1 year high of $12.46.
A number of equities analysts recently commented on SLM shares. BidaskClub upgraded SLM from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 25th. Zacks Investment Research downgraded SLM from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine upgraded SLM from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. TheStreet downgraded SLM from a “b” rating to a “c+” rating in a research report on Thursday, January 10th. Finally, BMO Capital Markets upgraded SLM from a “market perform” rating to an “outperform” rating in a research report on Friday, January 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. SLM has a consensus rating of “Hold” and an average target price of $13.18.
In other SLM news, SVP Jonathan Boyles sold 68,000 shares of SLM stock in a transaction on Friday, March 1st. The stock was sold at an average price of $11.20, for a total value of $761,600.00. Following the sale, the senior vice president now owns 67,679 shares in the company, valued at $758,004.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul F. Thome sold 25,000 shares of SLM stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $11.10, for a total value of $277,500.00. Following the completion of the sale, the executive vice president now owns 208,049 shares in the company, valued at approximately $2,309,343.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,805 shares of company stock worth $1,047,625. 0.36% of the stock is currently owned by company insiders.
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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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