SLM Corporation Company Profile (NASDAQ:SLM)

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

SLM Corporation (NASDAQ:SLM) announced its quarterly earnings data on Wednesday, October, 18th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.17. The firm had revenue of $282.06 million for the quarter, compared to analysts' expectations of $282.02 million. SLM Corporation had a return on equity of 16.98% and a net margin of 22.95%. The firm's revenue for the quarter was up 26.3% on a year-over-year basis. During the same period last year, the business posted $0.12 earnings per share. View SLM Corporation's Earnings History.

SLM Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, January, 17th 2018. View Earnings Estimates for SLM Corporation.

SLM Corporation updated its FY17 earnings guidance on Wednesday, October, 18th. The company provided earnings per share (EPS) guidance of approx $0.72 for the period, compared to the Thomson Reuters consensus estimate of $0.72.

8 brokers have issued 1 year price targets for SLM Corporation's shares. Their predictions range from $8.50 to $16.00. On average, they anticipate SLM Corporation's share price to reach $13.50 in the next year. View Analyst Ratings for SLM Corporation.

Here are some recent quotes from research analysts about SLM Corporation stock:

• 1. According to Zacks Investment Research, "Shares of Sallie Mae have underperformed the industry over the past six months. Yet, the company has a decent earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company’s focus on strengthening its Private Education Loan assets and revenues along with maintaining a strong capital position bode well for the long term. Also, the economic recovery and declining unemployment rate should help it maintain its leading position in the student lending market. However, a competitive business environment and consistently increasing expenses remain near-term concerns. Further, Sallie Mae faces concentration risk due to over dependence on brokered deposits. Also, stretched valuation indicates limited upside potential in the stock." (10/12/2017)
• 2. Wedbush analysts commented, "We are initiating coverage on SLM Corp. (SLM) with an OUTPERFORM rating and a $13 price target. SLM is the largest private student loan originator in the country, accounting for over 50% of private originations. Over the last three years, growth in private student loan balances has been significant, loan quality stable, and adjusted EPS increased at an annualized rate of 20%. We think these trends will continue over the next three to five years." (1/30/2017)
• 3. Jefferies Group LLC analysts commented, "SLM reported 4Q16 EPS of $0.15, beating both our estimate and consensus of $0.14. We classify 4Q16 as another solid quarter with strong fundamentals including continued strong top-line growth, consistent credit and strong expense controls. Preliminary 2017 guidance implies 28% growth at the midpoint which is in-line consensus and reflects strong secular growth. We consider the growth factors very appealing and continue to favor SLM. Results versus our model. Net interest income of $245M beat our forecast of $237M while non-interest income of $9M was slightly lower than our $12M forecast. The provision for loan losses of $43M exceeded our $40M estimate somewhat offsetting the top-line beat although we note that credit remains very stable (i.e. NCOs were down meaningfully from year ago results). In addition, non-interest expense of $98M was slightly better than our estimate of $99M and produced an efficiency ratio of 38.5% versus our 40% forecast." (1/19/2017)
• 4. Barclays PLC analysts commented, "We hosted two days of investor meetings with SLM. Overall, we came away with a reinforced view on the long-term growth prospects of the stock. If anything, we are probably more bullish now. Prior to the election, SLM was already a robust growth story, but had some warranted legislative risks. Now those risks, at a minimum, are off the table in our view. And instead, we think the legislative/regulatory landscape has become more supportive to private student lending and could actually create catalysts. SLM could benefit from any one or a combination of potential catalysts that include, lower corporate taxes, reduction in Federal student lending, and a much less likely revival of the FFELP program in some form. While the stock has rallied +34% (vs. +2% SPX) since 11/9, SLM trades at ~14x 2017 EPS, and still at a discount to the broader SMIDcap bank group (~17x) and also a discount to our DCF- driven PT of $12 (up from $11, reflecting a lower discount rate). Ultimately, we think that none of these catalysts are fully priced in, so owning SLM here provides a free call option on EPS upside from these potential catalysts, in our view." (11/21/2016)

Some companies that are related to SLM Corporation include Zions Bancorporation (ZION), American Financial Group (AFG), Federal Realty Investment Trust (FRT), East West Bancorp (EWBC), Alleghany Corporation (Y), Aercap Holdings N.V. (AER), W.R. Berkley Corporation (WRB), British Land Company PLC Sponsored ADR (BTLCY), Bankinter SA (BKNIY), Macro Bank (BMA), Camden Property Trust (CPT), Macerich Company (The) (MAC), Kimco Realty Corporation (KIM), Scor SE (SCRYY), VEREIT (VER), American Capital Agency Corp. (AGNC), Equity Lifestyle Properties (ELS) and Zillow Group (Z).

SLM Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Mutual of America Capital Management LLC (0.08%). Company insiders that own SLM Corporation stock include Earl A Goode, Jeffrey Dale, Laurent Charles Lutz, Marianne M Keler, Paul F Thome, Raymond J Quinlan, Robert S Strong and Steven Mcgarry. View Institutional Ownership Trends for SLM Corporation.

SLM Corporation's stock was sold by a variety of institutional investors in the last quarter, including Mutual of America Capital Management LLC. Company insiders that have sold SLM Corporation stock in the last year include Laurent Charles Lutz and Paul F Thome. View Insider Buying and Selling for SLM Corporation.

Shares of SLM Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of SLM Corporation stock can currently be purchased for approximately $10.95.