SLM Corporation (SLM) is currently priced at $23.78, representing a 1.49% increase from the previous close. The trading volume is at $1.26 million, 28% above the average. Notable positive price change and trading volume indicate potential investor interest.
SLM's latest quarterly earnings report, released on April 22nd, revealed a consensus estimate EPS of 1.15, reflecting a positive outlook for the company's profitability.
With a forward dividend yield of 2.19%, SLM demonstrates a commitment to returning value to shareholders. The dividend per share MRQ and YoY are at 13 cents, maintaining stability in dividend payments.
Barclays recently upgraded SLM's grade to "Overweight," affirming a positive sentiment towards the company's performance.
SLM's cash flow analysis shows a net change in cash of $962.85 million, indicating a healthy financial position with a cash balance of $5.38 billion at the end of the period.
The income statement reveals a strong performance with a net income of $304.40 million and an EPS of $1.56. The company's gross profit margin stands at 68.53%, reflecting efficient cost management.
Key ratios highlight SLM's financial health, with notable metrics including a net profit margin of 36.93% and a return on equity of 12.63%, indicating effective utilization of shareholder funds.
SLM's balance sheet showcases a robust financial position with total assets of $29.41 billion, including significant cash and cash equivalents of $5.16 billion.
This comprehensive overview underlines SLM Corporation's positive performance and financial stability in the current market environment.
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, as well as credit card loans. It serves students and families through financial aid, federal loans, and student and family resources. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.