SLM (SLM) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS
SLM (NASDAQ:SLM) announced its earnings results on Wednesday. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.09), Bloomberg Earnings reports. SLM had a return on equity of 16.63% and a net margin of 22.95%. During the same period in the prior year, the business posted $0.15 earnings per share. SLM updated its FY18 guidance to $0.97-1.01 EPS.
SLM (NASDAQ SLM) traded up $0.02 during mid-day trading on Wednesday, reaching $11.49. The company had a trading volume of 5,345,878 shares, compared to its average volume of 3,822,445. SLM has a one year low of $9.65 and a one year 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 company has a market cap of $4,960.00, a price-to-earnings ratio of 17.15, a PEG ratio of 0.56 and a beta of 1.32.
Several research analysts have recently issued reports on SLM shares. FBR & Co set a $13.00 target price on SLM and gave the stock a “buy” rating in a research report on Thursday, October 19th. BMO Capital Markets reissued a “hold” rating and issued a $12.00 target price on shares of SLM in a research report on Friday, October 6th. BidaskClub raised SLM from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th. Zacks Investment Research lowered SLM from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of SLM in a research report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $14.44.
COPYRIGHT VIOLATION NOTICE: “SLM (SLM) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2018/01/17/slm-slm-posts-quarterly-earnings-results-misses-estimates-by-0-09-eps.html.
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.
Receive News & Ratings for SLM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLM and related companies with MarketBeat.com's FREE daily email newsletter.