SLM (SLM) Projected to Post Earnings on Thursday

SLM (NASDAQ:SLM - Get Free Report) is expected to be announcing its earnings results after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.56 per share and revenue of $371,736.50 billion for the quarter. SLM has set its FY 2024 guidance at 2.700-2.800 EPS.Parties interested in listening to the company's conference call can do so using this link.

SLM (NASDAQ:SLM - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.30). SLM had a net margin of 22.18% and a return on equity of 35.92%. The firm had revenue of $652.64 million during the quarter, compared to analyst estimates of $363.40 million. During the same period in the prior year, the company earned $0.11 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 Down 0.2 %

NASDAQ:SLM traded down $0.07 during mid-day trading on Thursday, hitting $28.13. 2,110,407 shares of the company's stock were exchanged, compared to its average volume of 2,655,501. SLM has a fifty-two week low of $18.25 and a fifty-two week high of $28.91. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 3.21. The firm has a market capitalization of $5.97 billion, a P/E ratio of 9.80, a PEG ratio of 0.73 and a beta of 1.21. The company has a 50 day simple moving average of $26.62 and a 200-day simple moving average of $23.53.

SLM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Thursday, December 5th. This is a positive change from SLM's previous quarterly dividend of $0.11. SLM's payout ratio is 18.12%.

Insider Buying and Selling at SLM

In other SLM news, Director Robert S. Strong sold 4,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $27.25, for a total value of $122,625.00. Following the transaction, the director now owns 83,130 shares in the company, valued at approximately $2,265,292.50. This represents a 5.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SLM. Barclays lowered their target price on SLM from $27.00 to $26.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on SLM from $27.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday. Bank of America started coverage on shares of SLM in a research report on Wednesday, September 25th. They set a "buy" rating and a $27.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and issued a $26.00 price target on shares of SLM in a research report on Thursday, October 24th. Finally, Wedbush reiterated an "outperform" rating and set a $26.00 price objective on shares of SLM in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.45.

About SLM

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.