SLM Corp (SLM) to Post FY2018 Earnings of $1.01 Per Share, Wedbush Forecasts

SLM Corp (NASDAQ:SLM) – Equities research analysts at Wedbush dropped their FY2018 earnings per share estimates for SLM in a research report issued on Tuesday. Wedbush analyst H. Coffey now anticipates that the credit services provider will post earnings of $1.01 per share for the year, down from their prior forecast of $1.02. Wedbush also issued estimates for SLM’s FY2019 earnings at $1.17 EPS and FY2020 earnings at $1.31 EPS.

SLM (NASDAQ:SLM) last issued its quarterly earnings results on Wednesday, January 17th. The credit services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.09). SLM had a net margin of 22.95% and a return on equity of 16.63%. During the same period in the previous year, the firm posted $0.15 EPS.

Other analysts have also recently issued research reports about the company. FBR & Co set a $13.00 price objective on SLM and gave the stock a “buy” rating in a report on Thursday, October 19th. BMO Capital Markets reissued a “hold” rating and set a $12.00 price objective on shares of SLM in a report on Friday, October 6th. BidaskClub raised SLM from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research cut SLM from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, B. Riley reissued a “buy” rating and set a $14.00 price objective on shares of SLM in a report on Thursday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. SLM presently has a consensus rating of “Buy” and a consensus price target of $14.40.

Shares of SLM (NASDAQ:SLM) traded up $0.02 during midday trading on Thursday, hitting $11.49. The stock had a trading volume of 5,345,800 shares, compared to its average volume of 3,822,445. SLM has a 1 year low of $9.65 and a 1 year high of $13.20. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market cap of $4,960.00, a PE ratio of 18.53, a PEG ratio of 0.53 and a beta of 1.32.

Large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC bought a new position in shares of SLM during the 3rd quarter valued at about $115,000. Fox Run Management L.L.C. bought a new position in shares of SLM during the 4th quarter valued at about $650,000. Crossmark Global Holdings Inc. bought a new position in shares of SLM during the 3rd quarter valued at about $666,000. Canada Pension Plan Investment Board bought a new position in shares of SLM during the 3rd quarter valued at about $1,248,000. Finally, SG Americas Securities LLC increased its position in shares of SLM by 26.0% during the 3rd quarter. SG Americas Securities LLC now owns 170,874 shares of the credit services provider’s stock valued at $1,960,000 after purchasing an additional 35,305 shares during the last quarter. 99.24% of the stock is currently owned by hedge funds and other institutional investors.

In other SLM news, CEO Raymond J. Quinlan sold 200,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $11.52, for a total value of $2,304,000.00. Following the sale, the chief executive officer now owns 1,080,133 shares of the company’s stock, valued at approximately $12,443,132.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jonathan Boyles sold 2,776 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $11.65, for a total value of $32,340.40. Following the completion of the sale, the senior vice president now directly owns 173,728 shares in the company, valued at approximately $2,023,931.20. The disclosure for this sale can be found here. Company insiders own 0.59% 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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