Equities research analysts expect SLM Corporation (NASDAQ:SLM) to post earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for SLM Corporation’s earnings, with estimates ranging from $0.16 to $0.17. SLM Corporation reported earnings per share of $0.12 in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, July 19th.

According to Zacks, analysts expect that SLM Corporation will report full year earnings of $0.73 per share for the current financial year, with EPS estimates ranging from $0.71 to $0.76. For the next year, analysts expect that the business will report earnings of $0.90 per share, with EPS estimates ranging from $0.85 to $0.92. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow SLM Corporation.

SLM Corporation (NASDAQ:SLM) last posted its earnings results on Wednesday, April 19th. The credit services provider reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.06. The business had revenue of $268.08 million during the quarter, compared to analyst estimates of $260.24 million. SLM Corporation had a return on equity of 16.36% and a net margin of 23.17%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS.

A number of brokerages have recently issued reports on SLM. Zacks Investment Research raised SLM Corporation from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research report on Monday. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $15.00 target price on shares of SLM Corporation in a research report on Friday. Jefferies Group LLC reissued a “buy” rating and issued a $15.00 target price on shares of SLM Corporation in a research report on Friday. BidaskClub raised SLM Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Finally, ValuEngine raised SLM Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $11.74.

Shares of SLM Corporation (NASDAQ SLM) opened at 11.53 on Tuesday. SLM Corporation has a 12-month low of $6.93 and a 12-month high of $13.20. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 19.51 and a beta of 1.20. The firm has a 50 day moving average price of $10.77 and a 200-day moving average price of $11.54.

In other SLM Corporation news, EVP Laurent Charles Lutz sold 170,000 shares of the company’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $13.08, for a total value of $2,223,600.00. Following the sale, the executive vice president now directly owns 740,299 shares of the company’s stock, valued at $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 currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in SLM Corporation by 16,412.5% in the first quarter. BlackRock Inc. now owns 49,038,613 shares of the credit services provider’s stock valued at $593,366,000 after buying an additional 48,741,634 shares during the last quarter. Boston Partners raised its stake in SLM Corporation by 9.4% in the first quarter. Boston Partners now owns 26,753,064 shares of the credit services provider’s stock valued at $323,712,000 after buying an additional 2,288,089 shares during the last quarter. Vanguard Group Inc. raised its stake in SLM Corporation by 2.7% in the first quarter. Vanguard Group Inc. now owns 23,780,993 shares of the credit services provider’s stock valued at $287,750,000 after buying an additional 626,211 shares during the last quarter. Wells Fargo & Company MN raised its stake in SLM Corporation by 28.8% in the first quarter. Wells Fargo & Company MN now owns 12,697,341 shares of the credit services provider’s stock valued at $153,638,000 after buying an additional 2,835,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in SLM Corporation by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,454,466 shares of the credit services provider’s stock valued at $90,202,000 after buying an additional 64,956 shares during the last quarter. 99.08% of the stock is currently owned by institutional investors.

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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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