Equities research analysts expect Navient Corp (NASDAQ:NAVI) to report $337.67 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navient’s earnings. The lowest sales estimate is $331.00 million and the highest is $346.00 million. Navient reported sales of $340.00 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.7%. The firm is expected to issue its next earnings results on Tuesday, April 17th.
According to Zacks, analysts expect that Navient will report full-year sales of $337.67 million for the current fiscal year, with estimates ranging from $1.29 billion to $1.33 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.22 billion per share, with estimates ranging from $1.18 billion to $1.29 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Navient.
Navient (NASDAQ:NAVI) last posted its earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The firm had revenue of $366.00 million for the quarter, compared to analyst estimates of $362.33 million. Navient had a return on equity of 13.90% and a net margin of 5.94%. During the same quarter in the prior year, the company posted $0.43 earnings per share.
Several equities analysts have issued reports on NAVI shares. Zacks Investment Research raised Navient from a “sell” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Friday, January 12th. ValuEngine raised Navient from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Jefferies Group reaffirmed a “hold” rating and set a $15.00 price objective on shares of Navient in a report on Thursday, January 25th. Oppenheimer started coverage on Navient in a report on Monday, January 8th. They set a “hold” rating on the stock. Finally, UBS Group started coverage on Navient in a report on Monday, January 8th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Navient has a consensus rating of “Hold” and a consensus price target of $17.45.
In other news, SVP Stephen M. Hauber sold 17,423 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $14.40, for a total transaction of $250,891.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.68% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in NAVI. Quantbot Technologies LP acquired a new stake in shares of Navient during the third quarter worth about $121,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Navient during the fourth quarter worth about $141,000. First Allied Advisory Services Inc. acquired a new stake in shares of Navient during the fourth quarter worth about $148,000. Advisors Asset Management Inc. boosted its stake in shares of Navient by 84.0% during the third quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock worth $153,000 after buying an additional 4,642 shares during the period. Finally, Gotham Asset Management LLC acquired a new stake in shares of Navient during the fourth quarter worth about $154,000. Institutional investors and hedge funds own 89.75% of the company’s stock.
Navient (NAVI) traded down $0.19 during trading hours on Friday, reaching $13.81. The company had a trading volume of 2,486,069 shares, compared to its average volume of 3,310,549. The stock has a market capitalization of $3,630.00, a price-to-earnings ratio of 13.67, a PEG ratio of 1.19 and a beta of 2.27. The company has a quick ratio of 33.10, a current ratio of 22.41 and a debt-to-equity ratio of 30.13. Navient has a 52-week low of $11.48 and a 52-week high of $16.97.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Thursday, March 1st. Navient’s payout ratio is 63.37%.
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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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