SLM Co. (NASDAQ:SLM – Get Rating) – Analysts at Wedbush issued their Q3 2022 earnings per share (EPS) estimates for SLM in a research report issued to clients and investors on Wednesday, September 28th. Wedbush analyst D. Chiaverini forecasts that the credit services provider will post earnings of $0.54 per share for the quarter. Wedbush has a “Outperform” rating and a $17.00 price objective on the stock. The consensus estimate for SLM’s current full-year earnings is $2.63 per share. Wedbush also issued estimates for SLM’s Q4 2022 earnings at $0.39 EPS, FY2022 earnings at $2.67 EPS, Q1 2023 earnings at $1.19 EPS, Q2 2023 earnings at $0.39 EPS, Q3 2023 earnings at $0.84 EPS, Q4 2023 earnings at $0.44 EPS, FY2023 earnings at $2.85 EPS, Q1 2024 earnings at $1.30 EPS and Q2 2024 earnings at $0.54 EPS.
A number of other research analysts also recently issued reports on the company. Keefe, Bruyette & Woods dropped their price target on SLM from $24.00 to $21.00 in a research note on Monday, July 11th. Barclays decreased their price objective on SLM from $27.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, July 11th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.38.
SLM Price Performance
SLM opened at $13.99 on Monday. The stock’s 50-day moving average price is $15.27 and its 200 day moving average price is $16.54. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 3.02. SLM has a 12-month low of $13.72 and a 12-month high of $20.88. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 4.63 and a beta of 1.18.
SLM (NASDAQ:SLM – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The credit services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $362.81 million during the quarter, compared to analysts’ expectations of $354.41 million. SLM had a return on equity of 46.75% and a net margin of 37.26%. During the same period in the previous year, the business earned $0.45 earnings per share.
Institutional Investors Weigh In On SLM
Institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in SLM during the 4th quarter valued at $41,000. Ahrens Investment Partners LLC acquired a new position in SLM during the first quarter worth $58,000. US Bancorp DE boosted its holdings in SLM by 40.9% during the second quarter. US Bancorp DE now owns 5,501 shares of the credit services provider’s stock valued at $88,000 after acquiring an additional 1,597 shares during the period. Parkside Financial Bank & Trust boosted its holdings in SLM by 22.4% during the first quarter. Parkside Financial Bank & Trust now owns 6,711 shares of the credit services provider’s stock valued at $123,000 after acquiring an additional 1,226 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in SLM by 1,958.3% during the first quarter. Brown Brothers Harriman & Co. now owns 7,204 shares of the credit services provider’s stock valued at $132,000 after acquiring an additional 6,854 shares during the period. 98.89% of the stock is currently owned by institutional investors and hedge funds.
SLM Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were given a dividend of $0.11 per share. The ex-dividend date was Thursday, September 1st. This represents a $0.44 annualized dividend and a dividend yield of 3.15%. SLM’s dividend payout ratio is presently 14.57%.
About SLM
SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans.
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