Q1 Earnings Estimate for SLM Issued By Wedbush (NASDAQ:SLM)

SLM Co. (NASDAQ:SLM) – Equities research analysts at Wedbush increased their Q1 2025 EPS estimates for SLM in a research note issued to investors on Monday, November 25th. Wedbush analyst D. Chiaverini now forecasts that the credit services provider will post earnings per share of $1.19 for the quarter, up from their previous forecast of $1.09. Wedbush has a “Outperform” rating and a $26.00 price objective on the stock. The consensus estimate for SLM’s current full-year earnings is $2.73 per share.

A number of other research firms also recently weighed in on SLM. JPMorgan Chase & Co. dropped their price target on shares of SLM from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price target on shares of SLM in a research report on Thursday, October 24th. Barclays dropped their price target on shares of SLM from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Finally, Bank of America began coverage on shares of SLM in a research report on Wednesday, September 25th. They issued a “buy” rating and a $27.00 price target for the company. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.45.

SLM Stock Down 1.6 %

NASDAQ SLM opened at $27.42 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 3.21. SLM has a 1-year low of $14.03 and a 1-year high of $28.22. The company has a 50 day moving average of $23.02 and a 200-day moving average of $21.85. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.18 and a beta of 1.16.

SLM (NASDAQ:SLM) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.30). SLM had a net margin of 22.18% and a return on equity of 35.92%. The business had revenue of $652.64 million during the quarter, compared to analyst estimates of $363.40 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share.

SLM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, December 5th. This is a boost from SLM’s previous quarterly dividend of $0.11. SLM’s payout ratio is presently 15.33%.

Institutional Trading of SLM

A number of hedge funds and other institutional investors have recently modified their holdings of SLM. Waldron Private Wealth LLC bought a new stake in shares of SLM during the third quarter worth $31,000. True Wealth Design LLC acquired a new position in SLM in the third quarter valued at $31,000. Blue Trust Inc. lifted its holdings in SLM by 358.7% in the third quarter. Blue Trust Inc. now owns 1,399 shares of the credit services provider’s stock valued at $32,000 after buying an additional 1,094 shares during the period. Capital Performance Advisors LLP acquired a new position in SLM in the third quarter valued at $35,000. Finally, International Assets Investment Management LLC acquired a new position in SLM in the second quarter valued at $60,000. Institutional investors own 98.94% of the company’s stock.

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 is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts.