SLM Corp (SLM) Updates FY17 Earnings Guidance

SLM Corp (NASDAQ:SLM) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $0.71-0.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.72.

Several analysts recently issued reports on the company. BidaskClub cut SLM Corp from a sell rating to a strong sell rating in a research report on Tuesday. Wedbush cut SLM Corp to a buy rating and set a $15.00 target price for the company. in a research report on Saturday, July 22nd. Jefferies Group LLC reiterated a buy rating and set a $15.00 target price on shares of SLM Corp in a research report on Saturday, July 22nd. FBR & Co cut their price target on SLM Corp from $14.00 to $13.00 and set an outperform rating for the company in a report on Friday, July 21st. Finally, Zacks Investment Research upgraded SLM Corp from a hold rating to a strong-buy rating and set a $13.00 price target for the company in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $12.50.

SLM Corp (NASDAQ:SLM) traded up 0.36% during midday trading on Friday, hitting $11.09. The stock had a trading volume of 3,470,377 shares. SLM Corp has a 12-month low of $6.93 and a 12-month high of $13.20. The company has a market cap of $4.79 billion, a PE ratio of 17.89 and a beta of 1.20. The firm has a 50-day moving average of $11.16 and a 200-day moving average of $11.58.

SLM Corp (NASDAQ:SLM) last posted its earnings results on Wednesday, July 19th. The credit services provider reported $0.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The business had revenue of $269.89 million for the quarter, compared to analyst estimates of $268.69 million. SLM Corp had a net margin of 22.81% and a return on equity of 16.31%. The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. Equities research analysts forecast that SLM Corp will post $0.72 EPS for the current year.

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SLM Corp 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.