Sallie Mae (SLM) Reports In-Line Q3 EPS

Sallie Mae (NASDAQ: SLM) reported Q3 EPS of $0.17, in-line with the analyst estimate of $0.17.

• Private Education Loan Portfolio Grows 24 Percent From Year-Ago Quarter to $17.0 Billion.

“The third quarter includes the back-to-school season for millions of families and the peak of our lending activity. It is gratifying to have helped 221,000 students return to campus to continue their college education and provide them with access to industry-leading tutoring services as an added benefit,” said Raymond J. Quinlan, chairman and CEO. “Our mission is to help students achieve the dream of higher education, and that’s why we focus on helping families save, plan, and pay for college. During the quarter, 425,000 students and their families explored the free financial literacy resources on our website to find scholarship and grant opportunities, learn how to pay for college, and use calculators to manage prudently their student loan debt. We take pride in our customers’ strong performance during college and after graduation, and we are pleased that platform and customer experience investments continue to yield a healthy loan portfolio and an improved efficiency ratio.”

GUIDANCE:

Sallie Mae sees FY2017 EPS of $0.72, versus the consensus of $0.72.

For earnings history and earnings-related data on Sallie Mae (SLM) click here.

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