SLM (SLM) Projected to Post Quarterly Earnings on Thursday

SLM (NASDAQ:SLM) is projected to issue its quarterly earnings data 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.Investors that are interested in registering for the company’s conference call can do so using this link.

SLM (NASDAQ:SLM) last announced its earnings results 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 return on equity of 35.92% and a net margin of 22.18%. The company had revenue of $652.64 million during the quarter, compared to analysts’ expectations of $363.40 million. During the same quarter last year, the firm posted $0.11 earnings per share. 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 0.5 %

NASDAQ SLM opened at $27.98 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 3.21. The stock’s 50-day simple moving average is $26.88 and its two-hundred day simple moving average is $23.70. SLM has a twelve month low of $18.25 and a twelve month high of $28.91. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.73 and a beta of 1.21.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SLM shares. Bank of America initiated coverage on SLM in a research report on Wednesday, September 25th. They issued a “buy” rating and a $27.00 target price for the company. Morgan Stanley upped their price objective on shares of SLM from $26.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $30.00 target price (up previously from $27.00) on shares of SLM in a research report on Monday, December 9th. JPMorgan Chase & Co. upped their price target on shares of SLM from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price objective on shares of SLM in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.90.

Insider Buying and Selling

In other SLM news, Director Robert S. Strong sold 4,500 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $27.25, for a total transaction of $122,625.00. Following the transaction, the director now directly owns 83,130 shares of the company’s stock, valued at approximately $2,265,292.50. The trade was a 5.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

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.