SLM Corporation (SLM) to Release Earnings on Wednesday
SLM Corporation (NASDAQ:SLM) is set to release its earnings data after the market closes on Wednesday, October 18th. Analysts expect SLM Corporation to post earnings of $0.17 per share for the quarter. SLM Corporation has set its FY17 guidance at $0.71-0.72 EPS.
SLM Corporation (NASDAQ:SLM) last posted its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. SLM Corporation had a return on equity of 16.31% and a net margin of 22.81%. The firm had revenue of $269.89 million for the quarter, compared to the consensus estimate of $268.69 million. During the same quarter last year, the company earned $0.12 earnings per share. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. On average, analysts expect SLM Corporation to post $0.72 EPS for the current fiscal year and $0.88 EPS for the next fiscal year.
SLM Corporation (SLM) opened at 11.14 on Wednesday. The company has a market cap of $4.81 billion, a P/E ratio of 17.97 and a beta of 1.25. SLM Corporation has a 1-year low of $6.93 and a 1-year high of $13.20. The stock has a 50 day moving average price of $10.75 and a 200 day moving average price of $11.16.
A number of equities analysts recently weighed in on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $12.00 price target on shares of SLM Corporation in a report on Friday, October 6th. BidaskClub raised SLM Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research raised SLM Corporation from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. FBR & Co reaffirmed a “buy” rating and issued a $13.00 price target on shares of SLM Corporation in a report on Tuesday, September 19th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $14.50 price target on shares of SLM Corporation in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. SLM Corporation has an average rating of “Hold” and an average price target of $13.13.
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SLM Corporation Company Profile
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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