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SLM Stock Forecast, Price & News

$16.62
+0.68 (+4.27%)
(As of 07/1/2022 03:38 PM ET)
Add
Compare
Today's Range
$15.98
$16.62
50-Day Range
$14.96
$20.14
52-Week Range
$14.60
$21.40
Volume
86,368 shs
Average Volume
2.76 million shs
Market Capitalization
$4.47 billion
P/E Ratio
7.66
Dividend Yield
2.74%
Price Target
$23.00
30 days | 90 days | 365 days | Advanced Chart

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SLM Stock Forecast (MarketRank)

Overall MarketRank

2.85 out of 5 stars

Finance Sector

298th out of 1,394 stocks

Personal Credit Institutions Industry

3rd out of 14 stocks

Analyst Opinion: 3.4Community Rank: 4.8Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
SLM logo

About SLM (NASDAQ:SLM)

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 also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans. It serves students and families through financial aid, federal loans, and student and family resources. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.

SLM Stock News Headlines

Analysts Set SLM Co. (NASDAQ:SLM) PT at $23.00
See More Headlines

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

Company Calendar

Last Earnings
4/27/2022
Ex-Dividend for 6/15 Dividend
6/02/2022
Dividend Payable
6/15/2022
Today
7/01/2022
Next Earnings (Estimated)
7/20/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$23.00
High Stock Price Forecast
$27.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+38.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.8
Research Coverage
5 Analysts

Profitability

Net Income
$1.16 billion
Pretax Margin
42.10%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$4.31 per share
Book Value
$6.48 per share

Miscellaneous

Free Float
267,841,000
Market Cap
$4.47 billion
Optionable
Optionable
Beta
1.21














SLM Frequently Asked Questions

Should I buy or sell SLM stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SLM in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SLM stock.
View analyst ratings for SLM
or view top-rated stocks.

What is SLM's stock price forecast for 2022?

5 analysts have issued 1 year target prices for SLM's stock. Their SLM stock forecasts range from $19.00 to $27.00. On average, they expect SLM's share price to reach $23.00 in the next twelve months. This suggests a possible upside of 38.4% from the stock's current price.
View analysts' price targets for SLM
or view top-rated stocks among Wall Street analysts.

How has SLM's stock price performed in 2022?

SLM's stock was trading at $19.67 on January 1st, 2022. Since then, SLM stock has decreased by 15.5% and is now trading at $16.62.
View the best growth stocks for 2022 here
.

When is SLM's next earnings date?

SLM is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for SLM
.

How were SLM's earnings last quarter?

SLM Co. (NASDAQ:SLM) issued its earnings results on Wednesday, April, 27th. The credit services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.77 by $0.31. The credit services provider earned $375.03 million during the quarter, compared to analysts' expectations of $375.59 million. SLM had a trailing twelve-month return on equity of 34.38% and a net margin of 31.67%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.77 EPS.
View SLM's earnings history
.

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

SLM announced a quarterly dividend on Monday, April 25th. Investors of record on Friday, June 3rd will be paid a dividend of $0.11 per share on Wednesday, June 15th. This represents a $0.44 annualized dividend and a yield of 2.65%. The ex-dividend date is Thursday, June 2nd.
View SLM's dividend history
.

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 2.74%. SLM does not yet have a strong track record of dividend growth. The dividend payout ratio of SLM is 20.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 14.33% next year. This indicates that SLM will be able to sustain or increase its dividend.
View SLM's dividend history.

How will SLM's stock buyback program work?

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

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

SLM issued an update on its FY22 earnings guidance on Wednesday, April, 27th. The company provided earnings per share guidance of $2.80-3.00 for the period, compared to the consensus EPS estimate of $2.91.

Who are SLM's key executives?

SLM's management team includes the following people:
  • Mr. Jonathan W. Witter, CEO & Director (Age 52, Pay $2.82M)
  • Mr. Steven J. McGarry, Exec. VP & CFO (Age 64, Pay $1.43M) (LinkedIn Profile)
  • Mr. Daniel P. Kennedy, Exec. VP & COO (Age 55, Pay $1.2M)
  • Ms. Donna F. Vieira, Exec. VP & Chief Commercial Officer (Age 57, Pay $1.15M)
  • Ms. Kerri A. Palmer, Exec. VP & Chief Risk Officer (Age 51, Pay $1.35M)
  • Mr. Brian Cronin, VP & Head of Investor Relations
  • Mr. Nicolas Jafarieh, Exec. VP and Chief Legal, Gov. Affairs & Communications Officer (Age 47) (LinkedIn Profile)
  • Mr. William Wolf, Exec. VP & Chief People Officer (Age 56)
  • Mr. Tim Morrison, Sr. VP of Gov. Relations
  • Ms. Joni J. Reich, Exec. VP of Admin.

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

12 employees have rated SLM CEO Jonathan Witter on Glassdoor.com. Jonathan Witter has an approval rating of 70% among SLM'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."

How do I buy shares of SLM?

Shares of SLM 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 $16.62.

How much money does SLM make?

SLM (NASDAQ:SLM) has a market capitalization of $4.47 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 $2.17 on an earnings per share basis.

How many employees does SLM have?

SLM 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 SLM is www.salliemae.com. The credit services provider can be reached via phone at (302) 451-0200, via email at [email protected], or via fax at 800-848-1949.

This page (NASDAQ:SLM) was last updated on 7/1/2022 by MarketBeat.com Staff

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