Equities research analysts expect SLM Corporation (NASDAQ:SLM) to post $280.36 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for SLM Corporation’s earnings, with estimates ranging from $270.30 million to $287.76 million. SLM Corporation posted sales of $223.28 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 25.6%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 18th.

According to Zacks, analysts expect that SLM Corporation will report full-year sales of $280.36 million for the current financial year, with estimates ranging from $1.09 billion to $1.13 billion. For the next financial year, analysts forecast that the firm will post sales of $1.28 billion per share, with estimates ranging from $1.24 billion to $1.32 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for SLM Corporation.

SLM Corporation (NASDAQ:SLM) last posted its quarterly earnings results on Wednesday, July 19th. The credit services provider reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $269.89 million for the quarter, compared to analyst estimates of $268.69 million. SLM Corporation had a return on equity of 16.31% and a net margin of 22.81%. SLM Corporation’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS.

Several brokerages have commented on SLM. FBR & Co reaffirmed an “outperform” rating and issued a $13.00 target price (down from $14.00) on shares of SLM Corporation in a report on Thursday, July 20th. Zacks Investment Research raised shares of SLM Corporation from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a report on Monday, July 17th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $15.00 target price on shares of SLM Corporation in a report on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of SLM Corporation in a report on Friday, July 14th. Finally, BidaskClub raised shares of SLM Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. SLM Corporation has a consensus rating of “Hold” and an average target price of $12.88.

SLM Corporation (NASDAQ SLM) traded up 0.09% on Wednesday, reaching $11.53. The company had a trading volume of 1,601,718 shares. The stock has a 50 day moving average of $10.66 and a 200 day moving average of $11.18. SLM Corporation has a 12 month low of $6.93 and a 12 month high of $13.20. The firm has a market capitalization of $4.98 billion, a PE ratio of 18.60 and a beta of 1.25.

Large investors have recently made changes to their positions in the business. Cadence Capital Management LLC lifted its holdings in shares of SLM Corporation by 0.5% during the 1st quarter. Cadence Capital Management LLC now owns 15,538 shares of the credit services provider’s stock worth $188,000 after acquiring an additional 81 shares during the period. Capstone Asset Management Co. lifted its holdings in shares of SLM Corporation by 0.5% during the 2nd quarter. Capstone Asset Management Co. now owns 54,896 shares of the credit services provider’s stock worth $631,000 after acquiring an additional 260 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of SLM Corporation by 2.8% during the 1st quarter. Teacher Retirement System of Texas now owns 34,294 shares of the credit services provider’s stock worth $415,000 after acquiring an additional 940 shares during the period. Advantus Capital Management Inc lifted its holdings in shares of SLM Corporation by 3.2% during the 1st quarter. Advantus Capital Management Inc now owns 54,941 shares of the credit services provider’s stock worth $665,000 after acquiring an additional 1,714 shares during the period. Finally, Amalgamated Bank lifted its holdings in shares of SLM Corporation by 3.0% during the 1st quarter. Amalgamated Bank now owns 67,549 shares of the credit services provider’s stock worth $817,000 after acquiring an additional 1,987 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

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SLM Corporation Company Profile

SLM Corporation (Sallie Mae) is the nation’s saving, planning, and paying for college company. Sallie Mae offers products, which promote personal finance including private education loans, Upromise rewards, scholarship search, college financial planning tools, insurance, and online retail banking.

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