SLM Corp. (SLM) Scheduled to Post Earnings on Wednesday
SLM Corp. (NASDAQ:SLM) will release its Q316 earnings data on Wednesday, October 19th. Analysts expect SLM Corp. to post earnings of $0.11 per share and revenue of $931.19 million for the quarter. SLM Corp. has set its FY16 guidance at $0.51-0.52 EPS.
SLM Corp. (NASDAQ:SLM) last issued its earnings results on Wednesday, July 20th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The business had revenue of $212.76 million for the quarter, compared to analyst estimates of $216.48 million. SLM Corp. had a net margin of 24.53% and a return on equity of 16.85%. SLM Corp.’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, analysts expect SLM Corp. to post $0.52 EPS for the current fiscal year and $0.67 EPS for the next fiscal year.
SLM Corp. (NASDAQ:SLM) opened at 7.18 on Tuesday. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 13.05 and a beta of 1.06. The company’s 50-day moving average is $7.37 and its 200 day moving average is $6.89. SLM Corp. has a 52 week low of $5.09 and a 52 week high of $7.64.
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Hedge funds and other institutional investors have recently modified their holdings of the company. Analytic Investors LLC purchased a new position in shares of SLM Corp. during the second quarter valued at approximately $7,981,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of SLM Corp. by 63.2% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 2,191,711 shares of the company’s stock valued at $13,545,000 after buying an additional 848,800 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of SLM Corp. by 5.4% in the second quarter. BlackRock Fund Advisors now owns 15,259,485 shares of the company’s stock valued at $94,304,000 after buying an additional 775,909 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of SLM Corp. by 3.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 13,325,643 shares of the company’s stock valued at $82,352,000 after buying an additional 501,123 shares during the last quarter. Finally, BlackRock Group LTD increased its position in shares of SLM Corp. by 10.4% in the second quarter. BlackRock Group LTD now owns 3,279,752 shares of the company’s stock valued at $20,269,000 after buying an additional 308,998 shares during the last quarter.
A number of brokerages recently weighed in on SLM. TheStreet downgraded shares of SLM Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Goldman Sachs Group Inc. raised shares of SLM Corp. from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 11th. Zacks Investment Research raised shares of SLM Corp. from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Monday, July 25th. Compass Point lifted their price target on shares of SLM Corp. from $8.50 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, July 21st. Finally, Vetr raised shares of SLM Corp. from a “buy” rating to a “strong-buy” rating and set a $8.62 price target on the stock in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $8.87.
About SLM Corp.
SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.
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