Navient Corp (NASDAQ:NAVI) announced a quarterly dividend on Tuesday, February 6th, Wall Street Journal reports. Investors of record on Friday, March 2nd will be paid a dividend of 0.16 per share by the credit services provider on Friday, March 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Thursday, March 1st.
Shares of Navient (NASDAQ NAVI) opened at $13.60 on Wednesday. Navient has a 12-month low of $11.48 and a 12-month high of $16.97. The firm has a market capitalization of $3,580.00, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.18 and a beta of 2.27. The company has a debt-to-equity ratio of 30.13, a quick ratio of 33.10 and a current ratio of 22.41.
Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $362.33 million. Navient had a return on equity of 13.90% and a net margin of 5.94%. During the same period last year, the firm earned $0.43 earnings per share. equities research analysts forecast that Navient will post 1.91 EPS for the current fiscal year.
In other Navient news, SVP Stephen M. Hauber sold 17,423 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $14.40, for a total value of $250,891.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.68% of the stock is owned by insiders.
NAVI has been the subject of several research analyst reports. Barclays restated an “overweight” rating and issued a $17.00 price objective on shares of Navient in a report on Tuesday, November 14th. UBS Group began coverage on shares of Navient in a report on Monday, January 8th. They set a “market perform” rating for the company. Oppenheimer began coverage on shares of Navient in a report on Monday, January 8th. They issued a “hold” rating for the company. BMO Capital Markets decreased their price objective on shares of Navient from $16.00 to $14.00 and set a “market perform” rating for the company in a report on Thursday, October 19th. Finally, JPMorgan Chase & Co. downgraded shares of Navient from a “neutral” rating to an “underweight” rating in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.45.
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Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).
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