SLM Corporation (SLM) Scheduled to Post Earnings on Wednesday
SLM Corporation (NASDAQ:SLM) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 19th. Analysts expect SLM Corporation to post earnings of $0.16 per share for the quarter. SLM Corporation has set its FY17 guidance at $0.70-0.72 EPS.
SLM Corporation (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, April 19th. The credit services provider reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.06. The firm had revenue of $268.08 million for the quarter, compared to analysts’ expectations of $260.24 million. SLM Corporation had a net margin of 23.17% and a return on equity of 16.36%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, analysts expect SLM Corporation to post $0.73 EPS for the current fiscal year and $0.9 EPS for the next fiscal year.
Shares of SLM Corporation (NASDAQ SLM) opened at 11.65 on Monday. SLM Corporation has a 52 week low of $6.93 and a 52 week high of $13.20. The company has a market capitalization of $5.02 billion, a PE ratio of 19.71 and a beta of 1.20. The firm’s 50-day moving average is $10.77 and its 200 day moving average is $11.54.
Several brokerages have recently commented on SLM. FBR & Co set a $14.00 target price on shares of SLM Corporation and gave the company a “buy” rating in a research report on Saturday, April 22nd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $15.00 target price on shares of SLM Corporation in a research report on Friday. BidaskClub upgraded shares of SLM Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Jefferies Group LLC restated a “buy” rating and issued a $15.00 target price on shares of SLM Corporation in a research report on Friday. Finally, Zacks Investment Research cut shares of SLM Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $11.83.
In related news, EVP Laurent Charles Lutz sold 170,000 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $13.08, for a total transaction of $2,223,600.00. Following the completion of the transaction, the executive vice president now directly owns 740,299 shares in the company, valued at approximately $9,683,110.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.59% of the stock is owned by corporate insiders.
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About SLM Corporation
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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