Brokerages Expect SLM Corp (NASDAQ:SLM) Will Post Quarterly Sales of $397.58 Million

Wall Street analysts predict that SLM Corp (NASDAQ:SLM) will post $397.58 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for SLM’s earnings. The highest sales estimate is $400.20 million and the lowest is $392.07 million. SLM posted sales of $356.63 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.5%. The firm is scheduled to announce its next earnings report on Monday, October 28th.

According to Zacks, analysts expect that SLM will report full year sales of $1.61 billion for the current year, with estimates ranging from $1.60 billion to $1.62 billion. For the next year, analysts forecast that the company will post sales of $1.78 billion, with estimates ranging from $1.70 billion to $1.86 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for SLM.

SLM (NASDAQ:SLM) last posted its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. SLM had a net margin of 26.18% and a return on equity of 20.44%. The company had revenue of $396.87 million during the quarter, compared to the consensus estimate of $401.69 million. During the same period in the previous year, the firm posted $0.25 EPS.

A number of analysts have recently issued reports on SLM shares. BMO Capital Markets set a $16.00 price objective on shares of SLM and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine raised shares of SLM from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 24th. Compass Point downgraded shares of SLM from a “buy” rating to a “neutral” rating in a report on Friday, July 26th. Zacks Investment Research downgraded shares of SLM from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Wedbush set a $13.00 price objective on shares of SLM and gave the stock a “buy” rating in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.83.

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of SLM by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,189,215 shares of the credit services provider’s stock worth $43,124,000 after acquiring an additional 203,159 shares during the period. Brinker Capital Inc. lifted its position in shares of SLM by 41.1% in the 4th quarter. Brinker Capital Inc. now owns 23,130 shares of the credit services provider’s stock worth $192,000 after acquiring an additional 6,741 shares during the period. D. E. Shaw & Co. Inc. lifted its position in shares of SLM by 657.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 255,987 shares of the credit services provider’s stock worth $2,127,000 after acquiring an additional 222,174 shares during the period. Squarepoint Ops LLC bought a new stake in shares of SLM in the 4th quarter worth approximately $3,322,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of SLM in the 4th quarter worth approximately $869,000.

Shares of NASDAQ SLM traded down $0.08 during mid-day trading on Friday, reaching $9.11. 2,629,313 shares of the company were exchanged, compared to its average volume of 3,262,757. SLM has a 52 week low of $7.95 and a 52 week high of $12.09. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.80. The stock has a market cap of $3.92 billion, a PE ratio of 8.51, a PEG ratio of 0.42 and a beta of 1.39. The stock has a 50 day moving average of $9.51.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, September 6th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, September 5th. SLM’s dividend payout ratio is presently 11.21%.

About SLM

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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