SLM (NASDAQ:SLM) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of 2.950-3.150 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.330. The company issued revenue guidance of -.
Several equities research analysts recently weighed in on SLM shares. Royal Bank of Canada raised SLM from a sector perform rating to an outperform rating and raised their price objective for the company from $15.00 to $20.00 in a report on Friday, January 29th. Citigroup boosted their target price on shares of SLM from $20.00 to $23.00 in a report on Friday, April 23rd. Credit Suisse Group increased their target price on SLM from $17.00 to $20.00 and gave the company an outperform rating in a research note on Friday, January 29th. Wedbush reissued an outperform rating on shares of SLM in a research note on Tuesday, January 12th. Finally, Barclays increased their target price on SLM from $18.00 to $28.00 and gave the company an overweight rating in a research note on Monday, April 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. SLM presently has an average rating of Hold and a consensus target price of $19.33.
NASDAQ SLM traded up $0.31 during trading on Tuesday, hitting $19.93. 187,057 shares of the company’s stock traded hands, compared to its average volume of 6,232,459. The stock has a fifty day moving average of $18.42 and a two-hundred day moving average of $14.10. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.22 and a quick ratio of 1.22. SLM has a 12-month low of $6.48 and a 12-month high of $19.95. The firm has a market cap of $6.43 billion, a P/E ratio of 14.02 and a beta of 1.40.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Friday, June 4th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Thursday, June 3rd. SLM’s dividend payout ratio is presently 9.45%.
SLM declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 27th that allows the company to buyback $1.25 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 23.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
In other SLM news, Director Mary Carter Warren Franke purchased 7,000 shares of the company’s stock in a transaction dated Wednesday, February 17th. The shares were acquired at an average price of $15.03 per share, for a total transaction of $105,210.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.45% of the company’s stock.
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.
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