SLM (NASDAQ:SLM) Posts Earnings Results, Misses Estimates By $0.36 EPS

SLM (NASDAQ:SLM) issued its quarterly earnings data on Thursday. The credit services provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.36), FiscalAI reports. The business had revenue of $375.47 million for the quarter, compared to analyst estimates of $453.34 million. SLM had a net margin of 26.09% and a return on equity of 33.81%.

SLM Stock Performance

Shares of SLM stock traded down $1.07 during trading hours on Thursday, hitting $21.76. 7,867,530 shares of the company’s stock traded hands, compared to its average volume of 3,045,930. SLM has a 12-month low of $17.77 and a 12-month high of $31.06. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 1.52 and a beta of 0.96. The company has a fifty day simple moving average of $24.75 and a 200-day simple moving average of $24.02. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.33 and a quick ratio of 1.32.

SLM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, December 4th. SLM’s dividend payout ratio (DPR) is presently 14.53%.

Analyst Ratings Changes

A number of research firms recently weighed in on SLM. Weiss Ratings restated a “hold (c+)” rating on shares of SLM in a report on Monday, September 14th. Wall Street Zen downgraded SLM from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Royal Bank Of Canada decreased their price objective on SLM from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, October 9th. JPMorgan Chase & Co. lowered their price objective on SLM from $25.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, October 12th. Finally, Wells Fargo & Company set a $28.00 target price on SLM in a report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $29.22.

SLM Company Profile

SLM Corp., commonly known as Sallie Mae, is a financial services company focused on helping students and families finance higher education. Its primary business is the origination and servicing of private education loans, which can help cover tuition, fees, books, housing and other eligible education-related expenses not fully covered by federal student aid.

The company offers private student loans for undergraduate and graduate education, as well as loans for career-training programs and other education needs.