SLM Corp (SLM) Forecasted to Earn Q1 2018 Earnings of $0.24 Per Share

SLM Corp (NASDAQ:SLM) – Stock analysts at Oppenheimer lowered their Q1 2018 earnings estimates for SLM in a report issued on Thursday. Oppenheimer analyst B. Chittenden now anticipates that the credit services provider will post earnings per share of $0.24 for the quarter, down from their prior forecast of $0.25. Oppenheimer currently has a “Buy” rating and a $17.00 target price on the stock. Oppenheimer also issued estimates for SLM’s Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $1.00 EPS and FY2019 earnings at $1.21 EPS.

SLM (NASDAQ:SLM) last released its quarterly earnings data on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $309.19 million during the quarter, compared to the consensus estimate of $299.64 million. SLM had a return on equity of 16.65% and a net margin of 20.23%. During the same period in the previous year, the company posted $0.15 earnings per share.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of SLM from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. BidaskClub upgraded shares of SLM from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Citigroup started coverage on shares of SLM in a report on Monday, January 8th. They issued an “outperform” rating and a $17.00 target price for the company. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $16.00 target price on shares of SLM in a report on Friday, December 22nd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $12.00 target price on shares of SLM in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $14.30.

Shares of SLM (NASDAQ:SLM) opened at $11.16 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.37 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $4,819.89, a PE ratio of 18.00, a P/E/G ratio of 0.53 and a beta of 1.33. SLM has a fifty-two week low of $9.65 and a fifty-two week high of $13.20.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Crossmark Global Holdings Inc. acquired a new position in shares of SLM during the third quarter valued at about $666,000. Rhumbline Advisers increased its holdings in shares of SLM by 16.9% during the third quarter. Rhumbline Advisers now owns 909,428 shares of the credit services provider’s stock valued at $10,431,000 after acquiring an additional 131,348 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of SLM by 26.0% during the third quarter. SG Americas Securities LLC now owns 170,874 shares of the credit services provider’s stock valued at $1,960,000 after acquiring an additional 35,305 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of SLM during the third quarter valued at about $1,248,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of SLM during the third quarter valued at about $115,000. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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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 and Estimates for SLM (NASDAQ:SLM)

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