SLM Corp (NASDAQ:SLM) – Equities researchers at Wedbush increased their Q2 2019 EPS estimates for SLM in a report issued on Monday, April 22nd. Wedbush analyst H. Coffey now expects that the credit services provider will post earnings of $0.31 per share for the quarter, up from their prior estimate of $0.29. Wedbush currently has a “Buy” rating and a $13.00 price objective on the stock. Wedbush also issued estimates for SLM’s Q3 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.34 EPS, FY2019 earnings at $1.28 EPS, Q1 2020 earnings at $0.39 EPS, Q2 2020 earnings at $0.34 EPS, Q3 2020 earnings at $0.35 EPS and Q4 2020 earnings at $0.38 EPS.
SLM (NASDAQ:SLM) last posted its quarterly earnings data on Wednesday, April 17th. The credit services provider reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The firm had revenue of $402.28 million during the quarter, compared to analyst estimates of $384.70 million. SLM had a net margin of 25.77% and a return on equity of 20.28%. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS.
NASDAQ:SLM opened at $9.93 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.41 and a beta of 1.48. SLM has a 52 week low of $7.95 and a 52 week high of $12.46.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank boosted its holdings in SLM by 69.2% in the 1st quarter. Huntington National Bank now owns 2,890 shares of the credit services provider’s stock worth $29,000 after buying an additional 1,182 shares during the period. Doyle Wealth Management bought a new position in SLM in the 4th quarter worth approximately $44,000. Pearl River Capital LLC bought a new position in SLM in the 4th quarter worth approximately $48,000. Rehmann Capital Advisory Group boosted its holdings in SLM by 1,014.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 7,693 shares of the credit services provider’s stock worth $690,000 after buying an additional 7,003 shares during the period. Finally, Quantamental Technologies LLC bought a new position in SLM in the 4th quarter worth approximately $65,000.
In other news, SVP Jonathan Boyles sold 68,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $11.20, for a total transaction of $761,600.00. Following the completion of the sale, the senior vice president now owns 67,679 shares in the company, valued at approximately $758,004.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul F. Thome sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $11.10, for a total transaction of $277,500.00. Following the sale, the executive vice president now owns 208,049 shares of the company’s stock, valued at approximately $2,309,343.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,805 shares of company stock valued at $1,047,625. 0.36% of the stock is currently owned by company insiders.
SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.
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