Zacks: Analysts Anticipate SLM Corp (SLM) Will Announce Quarterly Sales of $296.28 Million
Equities research analysts expect SLM Corp (NASDAQ:SLM) to post $296.28 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for SLM’s earnings. The highest sales estimate is $300.70 million and the lowest is $293.53 million. SLM reported sales of $245.43 million during the same quarter last year, which indicates a positive year over year growth rate of 20.7%. The company is expected to announce its next earnings results on Wednesday, January 17th.
On average, analysts expect that SLM will report full-year sales of $296.28 million for the current year, with estimates ranging from $1.11 billion to $1.12 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.29 billion per share, with estimates ranging from $1.26 billion to $1.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover SLM.
SLM (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, October 18th. The credit services provider reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. SLM had a return on equity of 16.63% and a net margin of 22.95%. The firm had revenue of $282.06 million during the quarter, compared to analyst estimates of $282.02 million. During the same quarter last year, the firm earned $0.12 EPS. SLM’s quarterly revenue was up 26.3% on a year-over-year basis.
In related news, SVP Jonathan Boyles sold 2,776 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $11.65, for a total value of $32,340.40. Following the sale, the senior vice president now owns 173,728 shares of the company’s stock, valued at approximately $2,023,931.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Raymond J. Quinlan sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $11.52, for a total value of $2,304,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,080,133 shares in the company, valued at approximately $12,443,132.16. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new stake in SLM during the 3rd quarter valued at $115,000. Crossmark Global Holdings Inc. bought a new stake in SLM during the 3rd quarter valued at $666,000. Canada Pension Plan Investment Board bought a new stake in SLM during the 3rd quarter valued at $1,248,000. SG Americas Securities LLC raised its stake in SLM by 7.9% during the 2nd quarter. SG Americas Securities LLC now owns 135,569 shares of the credit services provider’s stock valued at $1,559,000 after acquiring an additional 9,887 shares in the last quarter. Finally, Dorsey Wright & Associates raised its stake in SLM by 1.2% during the 2nd quarter. Dorsey Wright & Associates now owns 185,539 shares of the credit services provider’s stock valued at $2,134,000 after acquiring an additional 2,245 shares in the last quarter. 99.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SLM (NASDAQ:SLM) traded up $0.18 during midday trading on Monday, reaching $11.17. The company’s stock had a trading volume of 7,682,000 shares, compared to its average volume of 3,177,693. SLM has a 12-month low of $9.65 and a 12-month high of $13.20. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35. The firm has a market cap of $4,880.00, a price-to-earnings ratio of 16.19 and a beta of 1.32.
SLM 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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