What’s SLM Corporation (SLM)’s Price to Earnings Ratio?

SLM Corporation (NASDAQ:SLM) saw a downside of -0.63% to close Tuesday at $17.30 after subtracting -$0.11 on the day. The 5-day average trading volume is 1,253,480 shares of the company’s common stock. It has gained $17.88 in the past week. An average of 2,213,320 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,317,612.

SLM’s 1-month performance is -4.37% or -$0.62 on its low of $17.14 reached on 10/06/21. The company’s shares have touched a 52-week low of $8.76 and high of $21.40, with the stock’s rally to the 52-week high happening on 07/01/21. YTD, SLM has achieved 39.63% or $4.91. However, the current price is down -19.16%% from the 52-week high price.


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Insider Transactions

On Aug 03, 71 days have gone by since the last insider trading activity for SLM Corporation (SLM). Jafarieh Nicolas (SVP -Legal, Govt, Comm Officer) most recently sold 6,500 shares at $18.90 per share on Aug 03. This transaction cost the insider $122,850. EVP, Thome Paul F, sold 32,903 shares at a price of $9.25 on Oct 27.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 23.53 and a low of 3.352. SLM stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.92 while the price-to-book (PB) in the most recent quarter is 2.63.

SLM Corporation pays an annual dividend of $0.12 per share. Its dividend yield is 0.69% and the payout ratio is 3.10%. SLM’s most recent quarterly dividend payment was made on Sep. 15, when it paid $0.03 a share compared with prior rate of $0.03, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend decrease of $0.12 reported on Wednesday January 23 2019.

It is projected that SLM Corporation’s next ex-dividend date will be on 6-Dec. SLM is expected to distribute $0.03 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 2.43, while the total debt to equity was 2.43. The firm’s gross profit as reported stood at $1.48 billion against revenue of $2.02 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected SLM to announce $0.37 per share in earnings in its latest quarter, but it posted $0.45, representing a 21.60% surprise. SLM stock balance sheet for the quarter ending June 29 shows that, with total debt at $5.19 billion. Shareholders hold equity totaling $305.81 million

Technical Picture

Let’s look briefly at SLM Corporation (SLM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 38.96% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.87%.

The stock’s 5-day moving average is $17.50, reflecting a -2.04% or -$0.36 change from its current price. SLM is currently trading -0.69% above its 20-day SMA, -11.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -8.61% and +40.99% respectively.

Stochastic %K and %D was 24.19% and 33.63% and the average true range (ATR) pointed at 0.48. The RSI (14) points at 41.05%, while the 14-day stochastic is at 14.16% with the period’s ATR at 0.49. The stock’s 9-day MACD Oscillator is pointing at -0.15 and -0.25 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for SLM Corporation (NASDAQ: SLM), RBC Capital Mkts upgraded it to an Outperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for SLM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SLM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 have offered a “buy” rating.

What is SLM’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $20.00 and a high of $25.00, with their median price target at $23.50. Looking at these predictions, the average price target given by analysts is for SLM Corporation (SLM) stock is $23.35.

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