SLM (NASDAQ:SLM) Releases FY 2025 Earnings Guidance

Key Points

• SLM has updated its FY 2025 earnings guidance, projecting earnings per share between $3.000 and $3.100, slightly below the consensus estimate of $3.100.
• The company announced a quarterly dividend of $0.13 per share, representing an annual yield of 1.8%, with the ex-dividend date set for September 4th.
• Several analysts have raised their price targets for SLM, with Morgan Stanley setting a new objective of $40.00, indicating strong market support for the stock.

SLM (NASDAQ:SLM - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 3.000-3.100 for the period, compared to the consensus EPS estimate of 3.100. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of SLM from $33.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upgraded shares of SLM from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $29.00 to $38.00 in a report on Friday, July 11th. Barclays lifted their target price on shares of SLM from $38.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Royal Bank Of Canada reiterated an "outperform" rating on shares of SLM in a report on Monday, July 14th. Finally, Wells Fargo & Company started coverage on shares of SLM in a report on Monday, August 25th. They issued an "overweight" rating and a $38.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

SLM Stock Up 1.1%

Shares of NASDAQ:SLM traded up $0.32 during trading on Wednesday, hitting $28.36. The company's stock had a trading volume of 1,713,761 shares, compared to its average volume of 2,553,269. The business has a 50 day moving average price of $31.56 and a two-hundred day moving average price of $30.82. The company has a market capitalization of $5.91 billion, a PE ratio of 14.26, a P/E/G ratio of 0.79 and a beta of 1.11. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.35 and a current ratio of 1.35. SLM has a fifty-two week low of $21.10 and a fifty-two week high of $34.97.

SLM (NASDAQ:SLM - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.17). The firm had revenue of $403.60 million for the quarter, compared to analysts' expectations of $370.26 million. SLM had a return on equity of 21.93% and a net margin of 15.46%.SLM's revenue for the quarter was down 21.4% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share. SLM has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, research analysts expect that SLM will post 3.07 EPS for the current fiscal year.

SLM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, September 4th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, September 4th. SLM's payout ratio is 26.13%.

Insider Activity

In other news, EVP Kerri A. Palmer sold 55,000 shares of SLM stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $32.21, for a total transaction of $1,771,550.00. Following the completion of the sale, the executive vice president directly owned 119,253 shares of the company's stock, valued at approximately $3,841,139.13. The trade was a 31.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On SLM

Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in SLM by 33.4% in the first quarter. Goldman Sachs Group Inc. now owns 547,724 shares of the credit services provider's stock valued at $16,087,000 after acquiring an additional 137,285 shares during the last quarter. Captrust Financial Advisors lifted its position in SLM by 6.1% in the second quarter. Captrust Financial Advisors now owns 36,889 shares of the credit services provider's stock valued at $1,210,000 after acquiring an additional 2,109 shares during the last quarter. NewEdge Advisors LLC lifted its position in SLM by 6.6% in the first quarter. NewEdge Advisors LLC now owns 21,350 shares of the credit services provider's stock valued at $627,000 after acquiring an additional 1,319 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in SLM in the first quarter valued at $263,000. Finally, EverSource Wealth Advisors LLC lifted its position in SLM by 118.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,995 shares of the credit services provider's stock valued at $131,000 after acquiring an additional 2,164 shares during the last quarter. 98.94% of the stock is owned by hedge funds and other institutional investors.

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.