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.

In other SLM news, CEO Raymond J. Quinlan sold 200,000 shares of SLM stock in a transaction 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 owns 1,080,133 shares of the company’s stock, valued at approximately $12,443,132.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jonathan Boyles sold 2,776 shares of SLM stock in a transaction 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 completion of the sale, the senior vice president now directly owns 173,728 shares of the company’s stock, valued at approximately $2,023,931.20. The disclosure for this sale can be found here. 0.59% of the stock is owned by company insiders.

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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.

Earnings History for SLM (NASDAQ:SLM)

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