|Bid||12.06 x 1800|
|Ask||12.07 x 900|
|Day's range||11.98 - 12.35|
|52-week range||10.81 - 20.17|
|Beta (5Y monthly)||1.23|
|PE ratio (TTM)||6.82|
|Earnings date||25 Apr 2023 - 01 May 2023|
|Forward dividend & yield||0.44 (3.69%)|
|Ex-dividend date||02 Mar 2023|
|1y target est||17.25|
Secular growth trends in the private student lending industry will drive loan originations for Sallie Mae (SLM). Yet, high debt seems unmanageable relative to a smaller cash position.
NEWARK, Del., March 03, 2023--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, announced today that Steven J. McGarry, executive vice president and chief financial officer, has entered into a retention agreement with the company. He will remain an employee of Sallie Mae and continue to serve as CFO through February 2024 when he plans to retire. During this time, McGarry will assist with the selection of the next CFO and will facilitate the orderly transition of the role to his successor.
Sallie Mae (SLM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.