SLM (NASDAQ:SLM) Issues FY 2019 Earnings Guidance

SLM (NASDAQ:SLM) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $1.23-1.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.22.

Several equities research analysts have commented on SLM shares. TheStreet lowered shares of SLM from a b- rating to a c+ rating in a research report on Thursday, August 29th. BMO Capital Markets set a $16.00 target price on shares of SLM and gave the stock a buy rating in a research report on Friday, July 26th. ValuEngine upgraded shares of SLM from a strong sell rating to a sell rating in a research report on Friday, September 20th. Oppenheimer set a $12.00 target price on shares of SLM and gave the stock a buy rating in a research report on Friday, July 26th. Finally, Compass Point lowered shares of SLM from a buy rating to a neutral rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. SLM presently has a consensus rating of Hold and a consensus target price of $12.83.

Shares of NASDAQ:SLM remained flat at $$9.05 during midday trading on Wednesday. The stock had a trading volume of 4,023,700 shares, compared to its average volume of 3,305,570. The company has a market capitalization of $3.84 billion, a PE ratio of 8.46, a P/E/G ratio of 0.54 and a beta of 1.45. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.80. SLM has a fifty-two week low of $7.76 and a fifty-two week high of $11.53. The firm has a fifty day simple moving average of $8.89 and a 200 day simple moving average of $9.35.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $396.87 million during the quarter, compared to the consensus estimate of $401.69 million. SLM had a return on equity of 20.44% and a net margin of 26.18%. During the same quarter in the previous year, the company posted $0.25 EPS. As a group, sell-side analysts anticipate that SLM will post 1.23 earnings per share for the current year.

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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Earnings History and Estimates for SLM (NASDAQ:SLM)

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