SLM - SLM Stock Forecast, Price & News

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

6 equities research analysts have issued 1 year price targets for SLM's stock. Their SLM share price forecasts range from $17.00 to $25.00. On average, they expect the company's stock price to reach $21.38 in the next year. This suggests a possible upside of 47.4% 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 $19.67 at the beginning of the year. Since then, SLM shares have decreased by 26.3% and is now trading at $14.50.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our SLM earnings forecast.

SLM Co. (NASDAQ:SLM) announced its quarterly earnings results on Wednesday, July, 27th. The credit services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.05. The credit services provider earned $362.81 million during the quarter, compared to analyst estimates of $354.41 million. SLM had a net margin of 37.26% and a trailing twelve-month return on equity of 46.75%. During the same quarter last year, the business earned $0.45 earnings per share.

SLM declared a quarterly dividend on Tuesday, July 26th. Investors of record on Friday, September 2nd will be given a dividend of $0.11 per share on Thursday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Thursday, September 1st.
Read our dividend analysis for SLM.

SLM (NASDAQ:SLM) pays an annual dividend of $0.44 per share and currently has a dividend yield of 3.15%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLM will have a dividend payout ratio of 15.88% 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 approved a stock buyback plan on Wednesday, January 26th 2022, which authorizes the company to buyback $1,250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 24.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its stock is undervalued.

SLM issued an update on its FY 2022 earnings guidance on Tuesday, September, 27th. The company provided EPS guidance of $2.50-$2.70 for the period, compared to the consensus EPS estimate of $2.62. 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 $14.50.

SLM (NASDAQ:SLM) has a market capitalization of $3.65 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 $3.02 on an earnings per share basis.

The company employs 1,450 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.