Research Analysts Offer Predictions for SLM Corp’s Q1 2019 Earnings (SLM)

SLM Corp (NASDAQ:SLM) – Equities research analysts at Jefferies Group issued their Q1 2019 earnings estimates for shares of SLM in a research note issued on Thursday. Jefferies Group analyst J. Hecht forecasts that the credit services provider will post earnings per share of $0.30 for the quarter. Jefferies Group has a “Buy” rating and a $16.00 price objective on the stock. Jefferies Group also issued estimates for SLM’s Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.31 EPS and FY2019 earnings at $1.20 EPS.

SLM has been the subject of a number of other reports. Zacks Investment Research upgraded shares of SLM from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 price target on shares of SLM in a research report on Friday, December 22nd. Citigroup began coverage on shares of SLM in a research note on Monday, January 8th. They issued an “outperform” rating and a $17.00 price objective on the stock. BidaskClub cut shares of SLM from a “sell” rating to a “strong sell” rating in a research note on Friday, October 13th. Finally, Oppenheimer set a $17.00 price objective on shares of SLM and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. SLM presently has an average rating of “Buy” and a consensus price target of $14.30.

SLM (NASDAQ:SLM) traded down $0.07 during midday trading on Friday, hitting $11.16. 8,566,149 shares of the stock were exchanged, compared to its average volume of 4,563,031. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35. SLM has a 52 week low of $9.65 and a 52 week high of $13.20. The firm has a market capitalization of $4,820.00, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 0.53 and a beta of 1.32.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. SLM had a net margin of 20.23% and a return on equity of 16.93%. The company had revenue of $309.19 million during the quarter, compared to the consensus estimate of $299.64 million. During the same period in the previous year, the business earned $0.15 earnings per share.

In other SLM news, CEO Raymond J. Quinlan sold 200,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $11.52, for a total transaction of $2,304,000.00. Following the sale, the chief executive officer now owns 1,080,133 shares of the company’s stock, valued at $12,443,132.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jonathan Boyles sold 2,776 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $11.65, for a total transaction of $32,340.40. Following the sale, the senior vice president now directly owns 173,728 shares in the company, valued at approximately $2,023,931.20. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new stake in shares of SLM during the third quarter worth $115,000. State of Alaska Department of Revenue bought a new stake in shares of SLM during the fourth quarter worth $289,000. Fox Run Management L.L.C. bought a new stake in shares of SLM during the fourth quarter worth $650,000. Crossmark Global Holdings Inc. bought a new stake in shares of SLM during the third quarter worth $666,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of SLM during the third quarter worth $1,248,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

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About SLM

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 and Estimates for SLM (NASDAQ:SLM)

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