SLM Corp (SLM) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. SLM said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.11. The company posted revenue of $223.00 million in the period, compared to analysts expectations of $224.23 million. SLM’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
SLM Corp opened for trading at $7.12 and hit $7.27 on the upside on Friday, eventually ending the session at $7.2, with a gain of 1.69% or 0.12 points. The heightened volatility saw the trading volume jump to 25,42,682 shares. Company has a market cap of $3,082 M.
In a different news, on Apr 27, 2016, Robert S. Strong (director) purchased 5,000 shares at $6.50 per share price. According to the SEC, on Feb 3, 2016, Jeffrey Dale (SVP & Chief Risk Officer) purchased 7,800 shares at $6.35 per share price. On Nov 18, 2015, Raymond J. Quinlan (CEO) purchased 15,500 shares at $6.61 per share price, according to the Form-4 filing with the securities and exchange commission.
SLM Corporation is a holding company. The Company is a saving planning and paying for education company. It is engaged in originating and servicing private education loans it makes to students and their families. The Company also operates a consumer savings network that provides financial rewards on everyday purchases to help families save for college. The Company’s private education loans are made primarily to bridge the gap between the cost of higher education and the amount funded through financial aid federal loans or customers’ resources. The Company’s loans are non-federal loans and loans not insured or guaranteed under the federal family education loan program. It provides incentives for customers to include a cosigner on the loan and also encourages customers to make payments while in school.