SLM (SLM) Expected to Announce Quarterly Earnings on Thursday

SLM (NASDAQ:SLM - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $1.15 per share and revenue of $359.83 million for the quarter. SLM has set its FY 2025 guidance at 3.000-3.100 EPS.Individual interested in listening to the company's earnings conference call can do so using this link.

SLM (NASDAQ:SLM - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The credit services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.06). SLM had a net margin of 20.73% and a return on equity of 31.66%. 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 1.9 %

Shares of SLM traded up $0.50 during midday trading on Friday, hitting $26.78. 1,979,295 shares of the stock were exchanged, compared to its average volume of 2,181,611. The firm has a market cap of $5.64 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.86 and a beta of 1.05. The company has a debt-to-equity ratio of 3.37, a quick ratio of 1.27 and a current ratio of 1.32. The stock has a fifty day simple moving average of $28.86 and a 200 day simple moving average of $26.97. SLM has a 52-week low of $19.39 and a 52-week high of $32.65.

SLM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, March 5th. SLM's dividend payout ratio is currently 19.62%.

Insider Transactions at SLM

In other SLM news, Director Robert S. Strong sold 40,000 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $28.57, for a total transaction of $1,142,800.00. Following the completion of the transaction, the director now directly owns 43,163 shares of the company's stock, valued at $1,233,166.91. The trade was a 48.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SLM. Wells Fargo & Company lifted their target price on SLM from $32.00 to $33.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Morgan Stanley upped their price target on shares of SLM from $32.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Royal Bank of Canada boosted their price target on SLM from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Compass Point boosted their price target on SLM from $31.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their target price on SLM from $30.00 to $32.00 and gave the company a "market perform" rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $31.18.

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.