SLM Corp. (SLM) Set to Announce Quarterly Earnings on Wednesday
SLM Corp. (NYSE:SLM) will issue its Q313 quarterly earnings data on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.59 per share and revenue of $673.80 million for the quarter.
SLM Corp. (NYSE:SLM) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.14. During the same quarter last year, the company posted $0.59 earnings per share. On average, analysts expect SLM Corp. to post $2.82 EPS for the current fiscal year and $2.53 EPS for the next fiscal year.
Shares of SLM Corp. (NYSE:SLM) opened at 25.21 on Tuesday. SLM Corp. has a one year low of $16.35 and a one year high of $26.17. The stock’s 50-day moving average is $24.7 and its 200-day moving average is $23.24. The company has a market cap of $10.996 billion and a price-to-earnings ratio of 8.21.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, December 4th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of SLM Corp. in a research note to investors on Monday, September 30th. They now have a $26.00 price target on the stock. On the ratings front, analysts at Barclays reiterated a “buy” rating on shares of SLM Corp. in a research note to investors on Wednesday, September 25th. They now have a $27.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of SLM Corp. from $27.00 to $29.00 in a research note to investors on Wednesday, September 25th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. SLM Corp. currently has an average rating of “Buy” and an average price target of $27.17.
SLM Corporation (NYSE:SLM) is a holding company.
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