SLM Corporation (SLM) to Release Quarterly Earnings on Wednesday

SLM Corporation (NASDAQ:SLM) is scheduled to be announcing its earnings results after the market closes on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. SLM Corporation has set its FY17 guidance at $0.70-0.72 EPS.

SLM Corporation (NASDAQ:SLM) last announced its earnings results on Wednesday, April 19th. The credit services provider reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.06. The company had revenue of $268.08 million during the quarter, compared to the consensus estimate of $260.24 million. SLM Corporation had a net margin of 23.17% and a return on equity of 16.36%. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. On average, analysts expect SLM Corporation to post $0.73 EPS for the current fiscal year and $0.90 EPS for the next fiscal year.

Shares of SLM Corporation (SLM) opened at 11.53 on Tuesday. The stock has a market cap of $4.97 billion, a P/E ratio of 19.51 and a beta of 1.20. SLM Corporation has a one year low of $6.93 and a one year high of $13.20. The stock has a 50 day moving average of $10.77 and a 200 day moving average of $11.54.

In other SLM Corporation news, EVP Laurent Charles Lutz sold 170,000 shares of the stock in a transaction on Monday, April 24th. The stock was sold at an average price of $13.08, for a total value of $2,223,600.00. Following the sale, the executive vice president now owns 740,299 shares in the company, valued at $9,683,110.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.59% of the company’s stock.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded SLM Corporation from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research note on Monday. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $15.00 price objective on shares of SLM Corporation in a research note on Friday. Jefferies Group LLC reiterated a “buy” rating and set a $15.00 price objective on shares of SLM Corporation in a research note on Friday. BidaskClub upgraded SLM Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Finally, ValuEngine upgraded SLM Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the stock. SLM Corporation presently has a consensus rating of “Buy” and a consensus target price of $11.74.

ILLEGAL ACTIVITY WARNING: This piece was reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://transcriptdaily.com/2017/07/18/slm-corporation-slm-to-release-quarterly-earnings-on-wednesday.html.

About SLM Corporation

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 Corporation (NASDAQ:SLM)

Receive News & Ratings for SLM Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLM Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply