SLM Corp. (NASDAQ:SLM) is set to post its Q316 quarterly earnings results on Wednesday, October 19th. Analysts expect SLM Corp. to post earnings of $0.11 per share and revenue of $931.19 million for the quarter. SLM Corp. has set its FY16 guidance at $0.51-0.52 EPS.

SLM Corp. (NASDAQ:SLM) last issued its earnings results on Wednesday, July 20th. The company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. The firm had revenue of $212.76 million for the quarter, compared to the consensus estimate of $216.48 million. SLM Corp. had a return on equity of 16.85% and a net margin of 24.53%. The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. On average, analysts expect SLM Corp. to post $0.52 EPS for the current fiscal year and $0.67 EPS for the next fiscal year.

Earnings History for SLM Corp. (NASDAQ:SLM)

Shares of SLM Corp. (NASDAQ:SLM) opened at 7.20 on Monday. The firm has a market cap of $3.08 billion, a P/E ratio of 13.09 and a beta of 1.06. SLM Corp. has a one year low of $5.09 and a one year high of $7.64. The firm has a 50 day moving average price of $7.37 and a 200-day moving average price of $6.88.

Large investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of SLM Corp. during the second quarter worth about $117,000. AQR Capital Management LLC boosted its stake in shares of SLM Corp. by 66.9% in the second quarter. AQR Capital Management LLC now owns 199,030 shares of the company’s stock worth $1,230,000 after buying an additional 79,810 shares during the last quarter. A.R.T. Advisors LLC boosted its stake in shares of SLM Corp. by 44.9% in the second quarter. A.R.T. Advisors LLC now owns 163,177 shares of the company’s stock worth $1,008,000 after buying an additional 50,580 shares during the last quarter. Capstone Investment Advisors LLC boosted its stake in shares of SLM Corp. by 140.2% in the second quarter. Capstone Investment Advisors LLC now owns 128,494 shares of the company’s stock worth $794,000 after buying an additional 74,990 shares during the last quarter. Finally, Seven Eight Capital LLC acquired a new stake in shares of SLM Corp. during the second quarter worth about $177,000.

SLM has been the topic of a number of research analyst reports. Goldman Sachs Group Inc. restated a “buy” rating and issued a $9.00 target price on shares of SLM Corp. in a research note on Wednesday, August 10th. TheStreet raised shares of SLM Corp. from a “hold” rating to a “buy” rating in a report on Monday, August 1st. Zacks Investment Research raised shares of SLM Corp. from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a report on Monday, July 25th. Compass Point lifted their price target on shares of SLM Corp. from $8.50 to $9.00 and gave the stock a “buy” rating in a report on Thursday, July 21st. Finally, Citigroup Inc. assumed coverage on shares of SLM Corp. in a report on Thursday, July 14th. They issued a “buy” rating and a $8.50 price target on the stock. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $8.87.

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.

5 Day Chart for NASDAQ:SLM

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