SLM Stock Forecast, Price & News

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

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.

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.

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.

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.

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.

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

Some companies that are related to SLM include American Express (AXP), Capital One Financial (COF), Discover Financial Services (DFS), Credit Acceptance (CACC), Nelnet (NNI), PRA Group (PRAA), Encore Capital Group (ECPG), Green Dot (GDOT), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM) and Nicholas Financial (NICK).
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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 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 $16.62.

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.

SLM employs 1,450 workers across the globe.

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.