SLM (SLM) Projected to Post Earnings on Thursday

SLM (NASDAQ:SLM) is projected to release its earnings data after the market closes on Thursday, January 23rd. Analysts expect SLM to post 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.

SLM (NASDAQ:SLM) last posted its earnings results on Wednesday, October 23rd. The credit services provider reported ($0.23) 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 previous year, the company posted $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 Price Performance

NASDAQ:SLM opened at $28.20 on Thursday. SLM has a 52 week low of $18.25 and a 52 week high of $28.91. The firm’s 50-day simple moving average is $26.54 and its 200 day simple moving average is $23.49. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 0.85 and a beta of 1.21. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.27 and a current ratio of 1.29.

SLM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, December 5th were paid a $0.13 dividend. This is a boost from SLM’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Thursday, December 5th. SLM’s payout ratio is 18.12%.

Insider Buying and Selling

In other news, Director Robert S. Strong sold 4,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $27.25, for a total value of $122,625.00. Following the completion of the sale, the director now owns 83,130 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SLM. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $30.00 price objective (up from $27.00) on shares of SLM in a report on Monday, December 9th. Wedbush reissued an “outperform” rating and issued a $26.00 target price on shares of SLM in a report on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 price objective on shares of SLM in a research note on Thursday, October 24th. Morgan Stanley upped their target price on SLM from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Finally, Bank of America assumed coverage on SLM in a research note on Wednesday, September 25th. They issued a “buy” rating and a $27.00 price target on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.45.

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.