$0.27 Earnings Per Share Expected for SLM Corp (SLM) This Quarter

Equities research analysts predict that SLM Corp (NASDAQ:SLM) will announce earnings of $0.27 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for SLM’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.28. SLM posted earnings of $0.19 per share during the same quarter last year, which indicates a positive year over year growth rate of 42.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, January 16th.

According to Zacks, analysts expect that SLM will report full-year earnings of $1.02 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.03. For the next year, analysts forecast that the company will report earnings of $1.22 per share, with EPS estimates ranging from $1.19 to $1.24. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for SLM.

SLM (NASDAQ:SLM) last released its earnings results on Monday, October 22nd. The credit services provider reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $356.63 million for the quarter, compared to the consensus estimate of $350.10 million. SLM had a return on equity of 18.84% and a net margin of 22.81%. During the same period in the prior year, the business earned $0.17 EPS.

Several analysts recently issued reports on SLM shares. Oppenheimer set a $16.00 price target on SLM and gave the stock a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research raised SLM from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, October 25th. ValuEngine raised SLM from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, BidaskClub raised SLM from a “strong sell” rating to a “sell” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $14.30.

A number of institutional investors have recently made changes to their positions in the business. ValueAct Holdings L.P. raised its stake in SLM by 4.2% during the 3rd quarter. ValueAct Holdings L.P. now owns 39,184,254 shares of the credit services provider’s stock valued at $436,904,000 after acquiring an additional 1,578,846 shares in the last quarter. FMR LLC raised its stake in SLM by 0.3% during the 3rd quarter. FMR LLC now owns 28,290,715 shares of the credit services provider’s stock valued at $315,442,000 after acquiring an additional 85,122 shares in the last quarter. CI Investments Inc. raised its stake in SLM by 50.5% during the 3rd quarter. CI Investments Inc. now owns 6,769,300 shares of the credit services provider’s stock valued at $75,478,000 after acquiring an additional 2,272,900 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in SLM by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,986,056 shares of the credit services provider’s stock valued at $55,599,000 after acquiring an additional 54,765 shares in the last quarter. Finally, Sterling Capital Management LLC bought a new stake in SLM during the 3rd quarter valued at $48,549,000.

Shares of NASDAQ SLM opened at $10.38 on Wednesday. The company has a market capitalization of $4.61 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.53 and a beta of 1.21. SLM has a 12-month low of $9.79 and a 12-month high of $12.46. 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 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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Earnings History and Estimates for SLM (NASDAQ:SLM)

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