SLM Corp
SLM
ISIN US78442P1066 / Valor 1385033
SLM Corp
UMushroom community rating:
About company
SLM Corp is a media agency business that focuses on online advertising media production, content creation, and management of online media with a large following. The company has expanded its services to include the production of television dramas and series, acting as a full-service production contractor. SLM Corp emphasizes good corporate governance and sustainability in its business operations. In 2020, the company further expanded its services to include online media production, video production, and online article preparation. Through strategic restructuring, SLM Corp has streamlined its operations and focused on key subsidiaries and associates to enhance profitability and competitiveness in the long term.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (25.12.2024):
Net Loss
In the third quarter of 2024, SLM Corp reported a GAAP net loss attributable to common stock of $50 million. This resulted in a net loss per common share of $0.23, reflecting a challenging financial period for the company.
Loan Originations
SLM Corp experienced growth in private education loan originations during Q3 2024, outperforming their estimates. This growth is indicative of the company's strong performance in the education loan sector during the peak season.
Share Repurchase
During the third quarter of 2024, SLM Corp repurchased 5.3 million shares for $115 million. As of September 30, 2024, the company had $448 million of capacity remaining under its 2024 Share Repurchase Program.
Dividends
SLM Corp paid a common stock dividend of $0.11 per share in Q3 2024. This reflects the company's commitment to returning capital to its shareholders despite the net loss reported for the quarter.
Financial Outlook
For the full year 2024, SLM Corp expects diluted earnings per common share to be between $2.70 and $2.80. The company also anticipates private education loan originations to grow by 8% to 9% year-over-year, demonstrating confidence in its future performance.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
5937 M
Market cap (USD)
427,096
Daily traded volume (Shares)
28.01 / 27.49
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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