SLM (SLM) Scheduled to Post Earnings on Wednesday

SLM (NASDAQ:SLM) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.07 per share for the quarter. SLM has set its FY24 guidance at $2.70-2.80 EPS and its FY 2024 guidance at 2.700-2.800 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

SLM (NASDAQ:SLM) last posted its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.32. The firm had revenue of $783.28 million for the quarter, compared to analysts’ expectations of $368.97 million. SLM had a return on equity of 41.84% and a net margin of 24.67%. During the same quarter last year, the business earned $1.10 EPS. On average, analysts expect SLM to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

SLM Trading Up 0.4 %

Shares of SLM stock opened at $23.18 on Wednesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $5.04 billion, a PE ratio of 7.22, a PEG ratio of 0.59 and a beta of 1.15. SLM has a 52-week low of $12.26 and a 52-week high of $23.95. The firm has a 50-day moving average of $21.57 and a 200-day moving average of $21.41.

SLM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.44 annualized dividend and a dividend yield of 1.90%. SLM’s dividend payout ratio is presently 13.71%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on SLM from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft raised their price target on SLM from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Barclays upped their price objective on shares of SLM from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Wedbush decreased their target price on shares of SLM from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday, September 24th. Finally, Royal Bank of Canada upped their target price on SLM from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.83.

Insider Buying and Selling at SLM

In related news, Director Robert S. Strong sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $22.70, for a total transaction of $102,150.00. Following the completion of the sale, the director now owns 101,093 shares of the company’s stock, valued at $2,294,811.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

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.