Sallie Mae (SLM) Tops Q4 EPS by 1c

Sallie Mae (NASDAQ: SLM) reported Q4 EPS of $0.15, $0.01 better than the analyst estimate of $0.14.

GUIDANCE:

Sallie Mae sees FY2017 EPS of $0.67-$0.69, versus the consensus of $0.68.

“We continue to execute on our mission as we helped 348,000 families make college happen in 2016, originations of high-quality student loans increased again, and our efficiency ratio improved as we saw a healthy return on customer experience investments,” said Raymond J. Quinlan, chairman and CEO. “These positive indicators illustrate how Sallie Mae is positioned for continued growth in 2017.”

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

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