Wall Street analysts expect Sallie Mae (NASDAQ:SLM) to report earnings of $0.24 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Sallie Mae’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.23. Sallie Mae posted earnings of $0.21 per share in the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The firm is expected to announce its next quarterly earnings report after the market closes on Monday, April 23rd.
On average, analysts expect that Sallie Mae will report full-year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.98 to $1.00. For the next fiscal year, analysts forecast that the company will report earnings of $1.18 per share, with EPS estimates ranging from $1.13 to $1.21. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Sallie Mae.
Sallie Mae (NASDAQ:SLM) last issued its quarterly earnings data on Wednesday, January 17th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.19. The firm had revenue of $309.19 million during the quarter, compared to analysts’ expectations of $299.64 million. Sallie Mae had a net margin of 20.23% and a return on equity of 16.65%. During the same quarter in the previous year, the company earned $0.15 earnings per share.
SLM has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Sallie Mae from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Wells Fargo initiated coverage on shares of Sallie Mae in a report on Wednesday, April 4th. They issued an “outperform” rating and a $13.50 price target for the company. B. Riley reiterated a “buy” rating and issued a $13.00 price target (down previously from $14.00) on shares of Sallie Mae in a report on Thursday, January 18th. Bank of America reduced their price target on shares of Sallie Mae from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday, January 26th. Finally, BidaskClub upgraded shares of Sallie Mae from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Sallie Mae has a consensus rating of “Buy” and a consensus price target of $14.04.
In other news, SVP Jeffrey Dale sold 37,807 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $11.21, for a total value of $423,816.47. Following the sale, the senior vice president now owns 88,808 shares of the company’s stock, valued at $995,537.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Laurent Charles Lutz sold 10,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $11.80, for a total transaction of $118,000.00. Following the completion of the sale, the executive vice president now directly owns 410,806 shares in the company, valued at approximately $4,847,510.80. The disclosure for this sale can be found here. In the last three months, insiders sold 274,939 shares of company stock worth $3,112,679. 0.59% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in Sallie Mae by 22.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,772,956 shares of the credit services provider’s stock worth $212,134,000 after acquiring an additional 3,451,751 shares in the last quarter. Geode Capital Management LLC raised its position in Sallie Mae by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 3,897,182 shares of the credit services provider’s stock worth $44,037,000 after acquiring an additional 54,192 shares in the last quarter. Deutsche Bank AG raised its position in Sallie Mae by 415.6% during the fourth quarter. Deutsche Bank AG now owns 3,153,350 shares of the credit services provider’s stock worth $35,631,000 after acquiring an additional 2,541,764 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Sallie Mae by 4.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,314,685 shares of the credit services provider’s stock worth $26,156,000 after acquiring an additional 95,102 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC raised its position in Sallie Mae by 50.2% during the fourth quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,922,209 shares of the credit services provider’s stock worth $21,721,000 after acquiring an additional 642,407 shares in the last quarter. 99.35% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ SLM traded down $0.05 during trading on Friday, reaching $11.53. 2,425,995 shares of the stock traded hands, compared to its average volume of 4,131,277. The stock has a market cap of $5,024.84, a P/E ratio of 16.31, a P/E/G ratio of 0.60 and a beta of 1.27. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.37 and a current ratio of 1.37. Sallie Mae has a fifty-two week low of $9.65 and a fifty-two week high of $13.20.
About Sallie Mae
SLM Corporation, together with its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students and their families. Its loan portfolio also includes federal family education loan program, personal, and other loans.
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