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NASDAQ:SLM

SLM - SLM Stock Forecast, Price & News

$14.91
+0.11 (+0.74%)
(As of 02/3/2023 11:02 AM ET)
Add
Compare
Today's Range
$14.53
$15.00
50-Day Range
$14.80
$17.79
52-Week Range
$13.72
$20.75
Volume
1.07 million shs
Average Volume
1.63 million shs
Market Capitalization
$3.73 billion
P/E Ratio
8.77
Dividend Yield
2.47%
Price Target
$18.80

SLM MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
22.4% Upside
$18.00 Price Target
Short Interest
Healthy
1.98% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.15
Upright™ Environmental Score
News Sentiment
0.20mentions of SLM in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.53%
From $2.48 to $2.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.12 out of 5 stars

Finance Sector

25th out of 865 stocks

Personal Credit Institutions Industry

1st out of 13 stocks

SLM stock logo

About SLM (NASDAQ:SLM) Stock

SLM Corp. engages in the provision and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.

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SLM Stock News Headlines

Q1 2023 EPS Estimates for SLM Co. (NASDAQ:SLM) Cut by Wedbush
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Sallie Mae (SLM) Reports Q4 Loss, Tops Revenue Estimates
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
SLM (SLM) to Release Earnings on Wednesday
SLM Co. (SLM) to Issue Quarterly Dividend of $0.11 on March 15th
Minister calls for ban on charcoal export
SLM (NASDAQ:SLM) Will Pay A Dividend Of $0.11
See More Headlines
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SLM Company Calendar

Ex-Dividend for 12/15 Dividend
12/01/2022
Dividend Payable
12/15/2022
Last Earnings
2/02/2023
Today
2/03/2023
Ex-Dividend for 3/15 Dividend
3/02/2023
Dividend Payable
3/15/2023
Next Earnings (Estimated)
4/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Sector
Finance
Current Symbol
NASDAQ:SLM
CUSIP
78442P10
Employees
1,450
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$18.00
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+26.1%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
8 Analysts

Profitability

Net Income
$1.16 billion
Pretax Margin
46.71%

Debt

Sales & Book Value

Annual Sales
$2.37 billion
Cash Flow
$3.53 per share
Book Value
$6.48 per share

Miscellaneous

Free Float
248,396,000
Market Cap
$3.73 billion
Optionable
Optionable
Beta
1.19

Key Executives

  • Jonathan W. Witter
    Chief Executive Officer & Director
  • Kerri Palmer
    Chief Operating Officer & Executive Vice President
  • Steven J. McGarrySteven J. McGarry
    Chief Financial Officer & Executive Vice President
  • Donna F. Vieira
    Chief Commercial Officer & Executive VP
  • Jeremy Brandon
    Chief Audit Officer & Executive Vice President













SLM Stock - Frequently Asked Questions

Should I buy or sell SLM stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SLM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SLM, but not buy additional shares or sell existing shares.
View SLM analyst ratings
or view top-rated stocks.

What is SLM's stock price forecast for 2023?

6 Wall Street analysts have issued 1 year target prices for SLM's shares. Their SLM share price forecasts range from $15.00 to $22.00. On average, they predict the company's stock price to reach $18.80 in the next twelve months. This suggests a possible upside of 27.0% from the stock's current price.
View analysts price targets for SLM
or view top-rated stocks among Wall Street analysts.

How have SLM shares performed in 2023?

SLM's stock was trading at $16.60 at the beginning of 2023. Since then, SLM stock has decreased by 10.8% and is now trading at $14.80.
View the best growth stocks for 2023 here
.

When is SLM's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our SLM earnings forecast
.

How were SLM's earnings last quarter?

SLM Co. (NASDAQ:SLM) released its quarterly earnings data on Wednesday, February, 1st. The credit services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.79. The credit services provider had revenue of $542.96 million for the quarter, compared to analyst estimates of $358.11 million. SLM had a net margin of 35.01% and a trailing twelve-month return on equity of 47.71%. During the same period last year, the firm earned $1.05 earnings per share.

How often does SLM pay dividends? What is the dividend yield for SLM?

SLM announced a quarterly dividend on Tuesday, January 24th. Shareholders of record on Friday, March 3rd will be paid a dividend of $0.11 per share on Wednesday, March 15th. This represents a $0.44 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Thursday, March 2nd.
Read our dividend analysis for SLM
.

Is SLM a good dividend stock?

SLM (NASDAQ:SLM) pays an annual dividend of $0.44 per share and currently has a dividend yield of 2.50%. The dividend payout ratio is 14.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 17.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLM.

How will SLM's stock buyback program work?

SLM declared that its Board of Directors has initiated 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 repurchase up to 24.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

What guidance has SLM issued on next quarter's earnings?

SLM updated its FY23 earnings guidance on Wednesday, February, 1st. The company provided EPS guidance of $2.50-2.70 for the period, compared to the consensus EPS estimate of $2.64.

What is Jonathan Witter's approval rating as SLM's CEO?

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.

What other stocks do shareholders of SLM own?
What is SLM's stock symbol?

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

Who are SLM's major shareholders?

SLM's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.95%), Ceredex Value Advisors LLC (0.42%), Hahn Capital Management LLC (0.36%), Natixis Advisors L.P. (0.20%), New York State Teachers Retirement System (0.16%) and Comerica Bank (0.12%). Insiders that own company stock include Jonathan Boyles, Mary Carter Warren Franke, Nicolas Jafarieh, Paul F Thome, Robert S Strong and Steven Mcgarry.
View institutional ownership trends
.

How do I buy shares of 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.
Compare Top Brokerages Here.

What is SLM's stock price today?

One share of SLM stock can currently be purchased for approximately $14.80.

How much money does SLM make?

SLM (NASDAQ:SLM) has a market capitalization of $3.70 billion and generates $2.41 billion in revenue each year. The credit services provider earns $1.16 billion in net income (profit) each year or $3.07 on an earnings per share basis.

How many employees does SLM have?

The company employs 1,450 workers across the globe.

How can I contact SLM?

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.

This page (NASDAQ:SLM) was last updated on 2/3/2023 by MarketBeat.com Staff