SLM - SLM Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
11.48
-0.27 (-2.30%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close11.75
Open11.44
Bid11.47 x 2200
Ask11.64 x 900
Day's Range11.22 - 11.65
52 Week Range7.76 - 11.84
Volume8,433,179
Avg. Volume3,931,672
Market Cap4.834B
Beta (5Y Monthly)1.42
PE Ratio (TTM)8.83
EPS (TTM)1.30
Earnings DateOct 20, 2019 - Oct 24, 2019
Forward Dividend & Yield0.12 (1.02%)
Ex-Dividend DateDec 04, 2019
1y Target Est13.09
  • Thomson Reuters StreetEvents

    Edited Transcript of SLM earnings conference call or presentation 23-Jan-20 1:00pm GMT

    Q4 2019 SLM Corp Earnings Call

  • Student Lender Sallie Mae Soars on ‘Radical’ Capital Shift
    Bloomberg

    Student Lender Sallie Mae Soars on ‘Radical’ Capital Shift

    (Bloomberg) -- Shares of SLM Corp., known as Sallie Mae, surged after its earnings report highlighted a shift in capital management, including selling loans to fund $600 million in share buybacks, that Wedbush called “radical.”Analysts hailed the moves, which they viewed as designed to goose share prices. On Thursday, the stock rallied as much as 30%, the most since 2008.Sallie Mae’s equity was likely “significantly undervalued,” while its assets were “fairly valued,” CEO Raymond Quinlan said on the company’s conference call. “We will continue to exercise our discretion in buying that stock until such time as the valuation approaches what we believe it should be.”Quinlan also said that the “need for higher education is high, it will continue, it will expand and it will evolve,” as distance learning, international, boot camp and other programs grow. “And so our outlook is that regardless of who gets elected in the United States and the election, we have a bright future.”Here’s a sample of the latest commentary:Jefferies, John Hecht“SLM announced major strategic shifts which reduce credit risk, simplify the business and enable rapid capital accumulation tied to a major capital return program,” Hecht wrote in a note.He added that fourth-quarter results showed “puts and takes,” but that the “bottom line beat and relatively consistent fundamentals are a modest positive.” Upside to Jefferies’s core earning-per-share estimate came from net interest income and expenses, while credit was in-line with Hecht’s forecast, and net interest margin, or NIM, and originations were a “tad below.”“Importantly, the company is discontinuing personal loan originations as it also pivots to a partial-loan sales strategy,” he said. “We see the quarter and strategic update as big positives.” Hecht rates the stock buy, with a Street-high price target of $16.KBW, Sanjay SakhraniSLM plans “bold moves” for 2020 with loan sales and share buybacks, Sakhrani wrote. Those moves will “in effect put pressure on the market to appropriately value its shares,” he said, adding that “the shares are cheap, the company is a leader in an attractive industry” and the company’s plans are “potentially value creating.”Even so, he sounded a note of caution: “While we like this strategy, we are concerned that investors might grow frustrated with the lack of growth and/or the transition impacts on earnings-per-share when growth resumes,” with rising provisions and a lack of gain-on-sale revenues, he said. Sakhrani rates SLM outperform, with a $12 target.Wedbush, Henry Coffey“After thoroughly digesting CECL, SLM is announcing a radical shift in capital management, earnings-per-share guidance that is significantly above the current mark, and the discontinuation of a product line we never liked (for them), installment lending,” Coffey wrote in a note.“CECL” refers to new accounting rules that analysts had anticipated would create “noise” in SLM’s reporting.Coffey rates shares outperform, with a price target of $13.Compass Point, William RyanSLM created “big headlines, but also a lot to digest,” Ryan wrote.The company’s 2020 earnings-per-share outlook topped consensus estimates because of the capital actions, he said. Ryan also flagged SLM’s shift to a “core earnings” metric in 2020, likely accounting for the impact of CECL, and noted that SLM said allowance for losses as a percentage of private education loans under CECL was now expected to be 6.7%, up from the prior 6.5% view during its third quarter earnings call and an initial 6% last summer.He added that SLM’s origination view for 2020 may be “slightly ambitious” after a year-over-year decline in the fourth quarter. Private education credit deterioration was in line with expectations, he said.Ryan rates SLM neutral, with a $10 target.(Updates share trading in the second paragraph. Adds CEO comment in third and fourth paragraphs.)To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Debarati RoyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Sallie Mae (SLM) Q4 Earnings Top Estimates, Expenses Fall
    Zacks

    Sallie Mae (SLM) Q4 Earnings Top Estimates, Expenses Fall

    Sallie Mae's (SLM) fourth-quarter 2019 results reflect rise in interest income and lower expenses, partly muted by higher provisions.

  • Sallie Mae (SLM) Q4 Earnings and Revenues Surpass Estimates
    Zacks

    Sallie Mae (SLM) Q4 Earnings and Revenues Surpass Estimates

    Sallie Mae (SLM) delivered earnings and revenue surprises of 10.00% and 1.80%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    Sallie Mae Reports Fourth-Quarter and Full-Year 2019 Financial Results

    Sallie Mae Reports Fourth-Quarter and Full-Year 2019 Financial Results

  • TheStreet.com

    Sallie Mae Shares Jump on Latest Earnings Report

    Shares of SLM Corp. , commonly known as Sallie Mae, rose sharply in after-hours trading Wednesday after the student-loan company beat earnings expectations and set plans for a sale of some loans in its portfolio to help fund share buybacks. The company reported fourth-quarter net income attributable to common stock of $142 Million, or 33 cents a share. The company also said it plans to sell $3 billion of private education loans to fund $600 million in share buybacks this year.

  • Analysts Estimate Sallie Mae (SLM) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Sallie Mae (SLM) to Report a Decline in Earnings: What to Look Out for

    Sallie Mae (SLM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Is It Worth Buying SLM Corporation (NASDAQ:SLM) For Its 1.4% Dividend Yield?
    Simply Wall St.

    Is It Worth Buying SLM Corporation (NASDAQ:SLM) For Its 1.4% Dividend Yield?

    Could SLM Corporation (NASDAQ:SLM) be an attractive dividend share to own for the long haul? Investors are often drawn...

  • How Did SLM Corp (SLM) Perform In Comparison to Hedge Fund Favorites in 2019?
    Insider Monkey

    How Did SLM Corp (SLM) Perform In Comparison to Hedge Fund Favorites in 2019?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 45.7% last year and beat the S&P 500 […]

  • Business Wire

    Four $20,000 Scholarships for Grad School to Be Awarded by Sallie Mae

    FOUR $20,000 SCHOLARSHIPS FOR GRAD SCHOOL TO BE AWARDED BY SALLIE MAE

  • Business Wire

    Sallie Mae to Release Fourth-Quarter and Full-Year 2019 Financial Results on Jan. 22

    Sallie Mae® (Nasdaq: SLM) will release fourth-quarter and full-year 2019 financial results after market close on Wednesday, Jan. 22, 2020.

  • Navient Focuses on Boosting Top-Line Growth, Costs Rise
    Zacks

    Navient Focuses on Boosting Top-Line Growth, Costs Rise

    Navient (NAVI) is focused on improving top line on the back of efforts to leverage its asset recovery and develop technology platform. However, costs are witnessing a rise.

  • Ally Financial's Ratings Upgraded by Moody's, Outlook Stable
    Zacks

    Ally Financial's Ratings Upgraded by Moody's, Outlook Stable

    Strong funding profile and improving profitability drive Ally Financial's (ALLY) ratings upgrade by Moody's.

  • Business Wire

    Two Methuen High School Students Surprised With $25,000 Scholarships From Sallie Mae

    Two Methuen High School Students Surprised With $25,000 Scholarships From Sallie Mae

  • Business Wire

    Santa Fe High School Student Surprised With $25,000 Scholarship From Sallie Mae

    Santa Fe High School Student Surprised With $25,000 Scholarship From Sallie Mae

  • Business Wire

    Salt Lake City Student Surprised With $25,000 Scholarship From Sallie Mae

    SALT LAKE CITY STUDENT SURPRISED WITH $25,000 SCHOLARSHIP FROM SALLIE MAE

  • Business Wire

    Georgia High School Student Surprised With $25,000 Scholarship From Sallie Mae

    GEORGIA HIGH SCHOOL STUDENT SURPRISED WITH $25,000 SCHOLARSHIP FROM SALLIE MAE

  • Business Wire

    Two Indiana High School Students Surprised with $25,000 Scholarships from Sallie Mae

    Two Indiana High School Students Surprised with $25,000 Scholarships from Sallie Mae

  • Business Wire

    Alexandria Student Surprised With $25,000 Scholarship From Sallie Mae

    ALEXANDRIA STUDENT SURPRISED WITH $25,000 SCHOLARSHIP FROM SALLIE MAE

  • Business Wire

    Sallie Mae Named One of 100 Best Adoption-Friendly Workplaces

    SALLIE MAE NAMED ONE OF 100 BEST ADOPTION-FRIENDLY WORKPLACES

  • Business Wire

    Newark Charter High School Student Surprised With $25,000 Scholarship From Sallie Mae

    NEWARK CHARTER HIGH SCHOOL STUDENT SURPRISED WITH $25,000 SCHOLARSHIP FROM SALLIE MAE

  • Morgan Stanley Ratings Affirmed by Moody's, Outlook Upgraded
    Zacks

    Morgan Stanley Ratings Affirmed by Moody's, Outlook Upgraded

    Moody's affirms Morgan Stanley's (MS) ratings. The company's rating outlook has been upgraded to positive from stable.

  • Here's How P/E Ratios Can Help Us Understand SLM Corporation (NASDAQ:SLM)
    Simply Wall St.

    Here's How P/E Ratios Can Help Us Understand SLM Corporation (NASDAQ:SLM)

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll look at SLM...

  • Business Wire

    Local High School Students Participate in Annual Mock Trial Day at Sallie Mae Headquarters

    Local High School Students Participate in Annual Mock Trial Day at Sallie Mae Headquarters

  • Hedge Funds Are Cashing Out Of SLM Corp (SLM)
    Insider Monkey

    Hedge Funds Are Cashing Out Of SLM Corp (SLM)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]