SLM (SLMBP) to Release Earnings on Thursday

SLM (NASDAQ:SLMBP) is expected to be posting its resultson Thursday, April 23rd. Analysts expect SLM to post earnings of $0.9020 per share and revenue of $496.46 million for the quarter.

SLM Stock Performance

Shares of SLMBP stock opened at $74.53 on Thursday. SLM has a fifty-two week low of $69.29 and a fifty-two week high of $83.15. The stock’s 50-day simple moving average is $74.92 and its 200-day simple moving average is $74.77.

SLM Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Thursday, March 5th were paid a dividend of $1.4327 per share. The ex-dividend date was Thursday, March 5th. This represents a $5.73 dividend on an annualized basis and a dividend yield of 7.7%.

Wall Street Analysts Forecast Growth

Separately, Bank of America restated a “buy” rating on shares of SLM in a research note on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, SLM currently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

About SLM

SLM Corporation, doing business as Sallie Mae, is a U.S.-based provider of private student loans, servicing, and banking products. The company specializes in originating and servicing education loans for undergraduate, graduate and professional students, as well as career and technical training programs. In addition to its core student lending business, Sallie Mae offers deposit products, credit cards and digital tools designed to help customers manage personal finances and plan for higher-education expenses.

Sallie Mae’s product suite includes fixed- and variable-rate private student loans, graduate student loans, parent loans and career training loans.