SLM (SLM) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SLM shares.
View SLM analyst ratings or view top-rated stocks.

10 analysts have issued 12 month target prices for SLM's shares. Their SLM share price forecasts range from $15.00 to $20.00. On average, they anticipate the company's share price to reach $17.91 in the next year. This suggests a possible upside of 31.5% from the stock's current price.
View analysts price targets for SLM or view top-rated stocks among Wall Street analysts.

SLM's stock was trading at $16.60 at the start of the year. Since then, SLM stock has decreased by 18.0% and is now trading at $13.62.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our SLM earnings forecast.

SLM Co. (NASDAQ:SLM) announced its quarterly earnings data on Wednesday, July, 26th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by $0.06. The credit services provider had revenue of $777.96 million for the quarter, compared to the consensus estimate of $370.15 million. SLM had a net margin of 14.71% and a trailing twelve-month return on equity of 24.09%. During the same quarter last year, the company posted $1.29 earnings per share.

SLM declared a quarterly dividend on Tuesday, July 25th. Stockholders of record on Friday, September 1st will be given a dividend of $0.11 per share on Friday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for SLM.

ETFs with the largest weight of SLM (NASDAQ:SLM) stock in their portfolio include Invesco S&P MidCap 400 Pure Growth ETF (RFG), Alpha Intelligent - Large Cap Value ETF (AILV), Vident Core U.S. Equity Fund (VUSE) and Avantis U.S. Small Cap Value ETF (AVUV).Global X Millennial Consumer ETF (MILN).

SLM (NASDAQ:SLM) pays an annual dividend of $0.44 per share and currently has a dividend yield of 3.27%. The dividend payout ratio is 28.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 16.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLM.

SLM announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 26th 2022, which permits the company to repurchase $1,250,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 24.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

SLM updated its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of $2.50-$2.70 for the period, compared to the consensus EPS estimate of $2.63. The company issued revenue guidance of -.

12 employees have rated SLM Chief Executive Officer Jonathan Witter on Glassdoor.com. Jonathan Witter has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other SLM investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Transocean (RIG), Gran Tierra Energy (GTE) and Apollo Commercial Real Estate Finance (ARI).

SLM trades on the NASDAQ under the ticker symbol "SLM."

Shares of SLM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SLM stock can currently be purchased for approximately $13.62.

SLM (NASDAQ:SLM) has a market capitalization of $3.08 billion and generates $2.37 billion in revenue each year. The credit services provider earns $469.01 million in net income (profit) each year or $1.53 on an earnings per share basis.

The company employs 1,700 workers across the globe.

SLM's mailing address is 300 CONTINENTAL DRIVE, NEWARK DE, 19713. The official website for the company is www.salliemae.com. The credit services provider can be reached via phone at (302) 451-0200, via email at brian.cronin@salliemae.com, or via fax at 800-848-1949.