SLM (SLM) to Release Quarterly Earnings on Thursday

SLM (NASDAQ:SLM) is expected to be releasing its earnings results after the market closes on Thursday, January 23rd. Analysts expect SLM to post earnings of $0.56 per share and revenue of $371,736.50 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

SLM (NASDAQ:SLM) last released its earnings results on Wednesday, October 23rd. The credit services provider reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.30). SLM had a net margin of 22.18% and a return on equity of 35.92%. The company had revenue of $652.64 million for the quarter, compared to the consensus estimate of $363.40 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, analysts expect SLM to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

SLM Stock Up 2.1 %

Shares of NASDAQ SLM opened at $28.57 on Wednesday. SLM has a 52 week low of $18.84 and a 52 week high of $28.91. The stock’s fifty day moving average is $26.97 and its 200 day moving average is $23.75. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.27 and a current ratio of 1.29. The stock has a market capitalization of $6.07 billion, a P/E ratio of 9.95, a PEG ratio of 0.76 and a beta of 1.21.

Insider Transactions at SLM

In related news, Director Robert S. Strong sold 4,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $27.25, for a total value of $122,625.00. Following the completion of the sale, the director now directly owns 83,130 shares in the company, valued at $2,265,292.50. This represents a 5.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SLM. Morgan Stanley boosted their target price on shares of SLM from $26.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Barclays lowered their price objective on shares of SLM from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 target price on shares of SLM in a report on Thursday, October 24th. Wedbush reissued an “outperform” rating and set a $26.00 price target on shares of SLM in a report on Thursday, October 24th. Finally, Bank of America assumed coverage on SLM in a research note on Wednesday, September 25th. They issued a “buy” rating and a $27.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.90.

SLM Company Profile

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.