SLM Corp Expected to Post FY2017 Earnings of $0.72 Per Share (SLM)

SLM Corp (NASDAQ:SLM) – Investment analysts at Oppenheimer issued their FY2017 EPS estimates for shares of SLM in a note issued to investors on Monday. Oppenheimer analyst B. Chittenden expects that the credit services provider will post earnings of $0.72 per share for the year. Oppenheimer has a “Outperform” rating and a $17.00 price objective on the stock. Oppenheimer also issued estimates for SLM’s Q4 2017 earnings at $0.20 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.07 EPS and FY2019 earnings at $1.26 EPS.

SLM (NASDAQ:SLM) last released its earnings results on Wednesday, October 18th. The credit services provider reported $0.17 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. SLM had a return on equity of 16.63% and a net margin of 22.95%. The firm had revenue of $282.06 million during the quarter, compared to analysts’ expectations of $282.02 million. During the same period in the previous year, the firm posted $0.12 EPS. SLM’s revenue for the quarter was up 26.3% on a year-over-year basis.

Other research analysts have also recently issued reports about the company. Jefferies Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of SLM in a research report on Thursday. Zacks Investment Research raised SLM from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Thursday. FBR & Co set a $13.00 price objective on SLM and gave the stock a “buy” rating in a research report on Thursday, October 19th. BidaskClub raised SLM from a “strong sell” rating to a “sell” rating in a research report on Friday, October 20th. Finally, Citigroup assumed coverage on SLM in a research report on Monday, October 16th. They set a “buy” rating and a $16.00 price objective for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $14.44.

SLM (NASDAQ SLM) opened at $11.94 on Thursday. The stock has a market capitalization of $5,160.00, a PE ratio of 17.82 and a beta of 1.32. SLM has a 1 year low of $9.65 and a 1 year high of $13.20. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.35.

A number of institutional investors and hedge funds have recently bought and sold shares of SLM. Steward Partners Investment Advisory LLC purchased a new stake in SLM during the 3rd quarter valued at approximately $115,000. Crossmark Global Holdings Inc. purchased a new position in shares of SLM during the 3rd quarter worth approximately $666,000. Canada Pension Plan Investment Board purchased a new position in shares of SLM during the 3rd quarter worth approximately $1,248,000. SG Americas Securities LLC raised its stake in shares of SLM by 26.0% during the 3rd quarter. SG Americas Securities LLC now owns 170,874 shares of the credit services provider’s stock worth $1,960,000 after buying an additional 35,305 shares in the last quarter. Finally, Dorsey Wright & Associates raised its stake in shares of SLM by 1.2% during the 2nd quarter. Dorsey Wright & Associates now owns 185,539 shares of the credit services provider’s stock worth $2,134,000 after buying an additional 2,245 shares in the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

In other SLM news, SVP Jonathan Boyles sold 2,776 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $11.65, for a total transaction of $32,340.40. Following the completion of the sale, the senior vice president now directly owns 173,728 shares of the company’s stock, valued at approximately $2,023,931.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Raymond J. Quinlan sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $11.52, for a total value of $2,304,000.00. Following the sale, the chief executive officer now directly owns 1,080,133 shares of the company’s stock, valued at $12,443,132.16. The disclosure for this sale can be found here. 0.59% of the stock is owned by corporate insiders.

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About SLM

SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.

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