Wall Street analysts expect SLM Corporation (NASDAQ:SLM) to post sales of $292.62 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for SLM Corporation’s earnings, with estimates ranging from $287.13 million to $301.32 million. SLM Corporation posted sales of $245.43 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.2%. The business is expected to report its next quarterly earnings results on Wednesday, January 17th.

According to Zacks, analysts expect that SLM Corporation will report full year sales of $292.62 million for the current financial year, with estimates ranging from $1.11 billion to $1.13 billion. For the next year, analysts expect that the firm will report sales of $1.28 billion per share, with estimates ranging from $1.25 billion to $1.32 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow SLM Corporation.

SLM Corporation (NASDAQ:SLM) last announced its earnings results on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. SLM Corporation had a net margin of 22.95% and a return on equity of 16.63%. The business had revenue of $282.06 million for the quarter, compared to analyst estimates of $282.02 million. During the same quarter last year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year.

A number of research firms have recently weighed in on SLM. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $15.00 price target on shares of SLM Corporation in a research note on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of SLM Corporation in a research note on Friday, July 14th. BidaskClub raised shares of SLM Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Wedbush cut shares of SLM Corporation to a “buy” rating and set a $15.00 price objective on the stock. in a research note on Saturday, July 22nd. Finally, FBR & Co set a $13.00 price objective on shares of SLM Corporation and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. SLM Corporation has an average rating of “Hold” and an average price target of $13.44.

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Shares of SLM Corporation (NASDAQ:SLM) opened at 10.95 on Friday. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 17.66 and a beta of 1.25. The stock has a 50 day moving average of $10.95 and a 200 day moving average of $11.11. SLM Corporation has a 12 month low of $6.93 and a 12 month high of $13.20.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in SLM Corporation by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 23,780,993 shares of the credit services provider’s stock valued at $287,750,000 after acquiring an additional 626,211 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in SLM Corporation by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,454,466 shares of the credit services provider’s stock valued at $90,202,000 after acquiring an additional 64,956 shares during the last quarter. Geode Capital Management LLC grew its stake in SLM Corporation by 6.8% in the 1st quarter. Geode Capital Management LLC now owns 3,509,889 shares of the credit services provider’s stock valued at $42,469,000 after acquiring an additional 223,357 shares during the last quarter. AQR Capital Management LLC grew its stake in SLM Corporation by 249.2% in the 1st quarter. AQR Capital Management LLC now owns 2,274,643 shares of the credit services provider’s stock valued at $27,523,000 after acquiring an additional 1,623,204 shares during the last quarter. Finally, Janus Capital Management LLC grew its stake in SLM Corporation by 19.7% in the 1st quarter. Janus Capital Management LLC now owns 1,761,003 shares of the credit services provider’s stock valued at $21,308,000 after acquiring an additional 290,290 shares during the last quarter. 98.40% of the stock is currently owned by hedge funds and other institutional investors.

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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