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SLM (SLM)
NASDAQ:SLM
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.55Last Year’s EPS
0.72Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: 23.31%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong origination growth and improved credit performance, demonstrating successful strategic execution. However, financial metrics such as net loss per share and increased credit loss provisions indicate some challenges. The company's capital return strategy and dividend increase provide additional positive signals.Company Guidance
During the Sallie Mae Q3 2024 earnings call, the company provided guidance reflecting higher-than-expected private education loan origination growth, now anticipated to be 8% to 9% for the year. Despite a GAAP net loss per common share of $0.23, influenced by an increased allowance for new commitments, Sallie Mae reported improved credit performance, with private education loan net charge-offs of $77 million, or 2.08% of average loans in repayment. The cosigner rates increased to 92%, and the average FICO score rose to 754. The company also maintained its 2024 guidance for GAAP diluted earnings per common share and noninterest expense, while tightening its expected range for total loan portfolio net charge-offs to between $325 million and $340 million, reflecting 2.1% to 2.3% of average loans in repayment.Successful Peak Season with Strong Origination Growth
Private education loan originations for Q3 2024 reached $2.8 billion, with new unfunded commitments of $3.9 billion. Total committed volume increased by $1 billion or 17% compared to the prior year quarter.
Improved Credit Performance
Net charge-offs for private education loans were $77 million or 2.08% of average loans, representing a 45 basis point reduction from the year-ago quarter. Cosigner rates increased to 92%, and the average FICO score improved to 754.
Capital Return Strategy and Dividend Increase
Repurchased 5.3 million shares at an average price of $21.58. Announced an increase in the fourth quarter common dividend from $0.11 to $0.13 per share.
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SLM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SLM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $22.69 | $22.10 | -2.60% |
| Jul 24, 2024 | $23.40 | $22.77 | -2.69% |
| Apr 24, 2024 | $21.76 | $21.60 | -0.74% |
| Jan 24, 2024 | $18.81 | $19.45 | +3.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SLM (SLM) report earnings?
SLM (SLM) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is SLM (SLM) earnings time?
SLM (SLM) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SLM EPS forecast?
SLM EPS forecast for the fiscal quarter 2024 (Q4) is 0.55.
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