Equities analysts expect SLM Corp (NASDAQ:SLM) to announce $401.69 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for SLM’s earnings, with the highest sales estimate coming in at $407.40 million and the lowest estimate coming in at $394.52 million. SLM posted sales of $340.95 million during the same quarter last year, which suggests a positive year over year growth rate of 17.8%. The business is expected to announce its next quarterly earnings report on Tuesday, July 23rd.
On average, analysts expect that SLM will report full year sales of $1.62 billion for the current financial year, with estimates ranging from $1.61 billion to $1.63 billion. For the next fiscal year, analysts expect that the business will post sales of $1.79 billion, with estimates ranging from $1.73 billion to $1.87 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for SLM.
SLM (NASDAQ:SLM) last released its earnings results on Wednesday, April 17th. The credit services provider reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.04. SLM had a net margin of 25.77% and a return on equity of 20.28%. The business had revenue of $402.28 million during the quarter, compared to analysts’ expectations of $384.70 million. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis.
Shares of NASDAQ SLM traded up $0.34 during mid-day trading on Thursday, hitting $10.30. The company had a trading volume of 4,238,357 shares, compared to its average volume of 3,206,178. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.38 and a current ratio of 1.38. SLM has a 12 month low of $7.95 and a 12 month high of $12.16. The stock has a market cap of $4.45 billion, a PE ratio of 9.63, a PEG ratio of 0.42 and a beta of 1.48.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, June 6th. SLM’s payout ratio is 11.21%.
In other news, EVP Paul F. Thome sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $11.10, for a total transaction of $277,500.00. Following the completion of the sale, the executive vice president now owns 208,049 shares of the company’s stock, valued at $2,309,343.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jonathan Boyles sold 68,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $11.20, for a total transaction of $761,600.00. Following the sale, the senior vice president now directly owns 67,679 shares of the company’s stock, valued at approximately $758,004.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 93,805 shares of company stock valued at $1,047,625. Company insiders own 0.36% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of SLM by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 4,672,277 shares of the credit services provider’s stock valued at $38,826,000 after purchasing an additional 307,406 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of SLM in the fourth quarter valued at approximately $5,817,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of SLM in the fourth quarter valued at approximately $869,000. Signition LP acquired a new stake in shares of SLM in the fourth quarter valued at approximately $956,000. Finally, Shufro Rose & Co. LLC acquired a new stake in shares of SLM in the fourth quarter valued at approximately $83,000.
SLM Company Profile
SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.
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