NASDAQ:SLMSLM Stock Price, Forecast & News

SLM's stock was trading at $8.95 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SLM stock has decreased by 20.4% and is now trading at $7.12. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for SLM.

SLM is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for SLM.

SLM Corp (NASDAQ:SLM) posted its earnings results on Wednesday, April, 22nd. The credit services provider reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by $0.09. The credit services provider had revenue of $400.12 million for the quarter, compared to analysts' expectations of $400.70 million. SLM had a return on equity of 29.22% and a net margin of 29.36%. During the same period last year, the business posted $0.34 EPS. View SLM's earnings history.

SLM declared a quarterly dividend on Thursday, June 18th. Investors of record on Friday, September 4th will be paid a dividend of $0.03 per share on Tuesday, September 15th. This represents a $0.12 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, September 3rd. View SLM's dividend history.

6 brokerages have issued 12 month price objectives for SLM's shares. Their forecasts range from $9.00 to $14.00. On average, they anticipate SLM's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 68.5% from the stock's current price. View analysts' price targets for SLM.

News coverage about SLM stock has trended negative on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SLM earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the credit services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about SLM.

SLM saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 38,380,000 shares, a decrease of 7.6% from the June 15th total of 41,530,000 shares. Based on an average daily volume of 4,750,000 shares, the short-interest ratio is presently 8.1 days. Approximately 10.3% of the company's stock are short sold. View SLM's Current Options Chain.

Some companies that are related to SLM include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), Credit Acceptance (CACC), FirstCash (FCFS), Green Dot (GDOT), Nelnet (NNI), Pra Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM), Nicholas Financial (NICK) and Asta Funding (ASFI). View all competitors.

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 Express (EXPR).

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

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

One share of SLM stock can currently be purchased for approximately $7.12.

SLM has a market capitalization of $2.67 billion and generates $2.38 billion in revenue each year. The credit services provider earns $578.28 million in net income (profit) each year or $1.27 on an earnings per share basis. SLM employs 1,900 workers across the globe.

The official website for SLM is www.salliemae.com.

SLM's mailing address is 300 CONTINENTAL DRIVE, NEWARK DE, 19713. The credit services provider can be reached via phone at 302-451-0200 or via email at [email protected]