Sallie Mae (SLM) Tops Q4 EPS by 4c, Revenues Beat; Offers FY19 EPS Outlook Above Consensus

Sallie Mae (NASDAQ: SLM) reported Q4 EPS of $0.31, $0.04 better than the analyst estimate of $0.27. Revenue for the quarter came in at $487 million versus the consensus estimate of $370.44 million.

“Last year, nearly 374,000 students and families trusted Sallie Mae to help them achieve the dream of a higher education,” said Raymond J. Quinlan, Chairman and CEO, Sallie Mae. “We enter 2019 with significant momentum after another great quarter highlighted by increased net interest income, growth in our private education loan business, and terrific credit quality. It’s particularly gratifying to be in a position to return capital to stockholders through our new dividend and repurchase programs as we continue to expand the franchise.”

GUIDANCE:

Sallie Mae sees FY2019 EPS of $1.22-$1.26, versus the consensus of $1.21.

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

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