Navient Corp (NASDAQ:NAVI) – Jefferies Group reduced their Q4 2018 EPS estimates for Navient in a research report issued to clients and investors on Wednesday, April 4th. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will earn $0.52 per share for the quarter, down from their previous estimate of $0.55. Jefferies Group has a “Hold” rating and a $15.00 price objective on the stock.
Navient (NASDAQ:NAVI) last posted its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Navient had a net margin of 5.94% and a return on equity of 13.90%. The business had revenue of $366.00 million during the quarter, compared to analyst estimates of $362.33 million. During the same period in the previous year, the business posted $0.43 EPS.
NAVI has been the subject of a number of other reports. ValuEngine lowered shares of Navient from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Navient from a “sell” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Friday, January 12th. Compass Point raised shares of Navient from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday. Oppenheimer initiated coverage on shares of Navient in a research note on Monday, January 8th. They set a “hold” rating for the company. Finally, UBS initiated coverage on shares of Navient in a research note on Monday, January 8th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Navient currently has an average rating of “Hold” and a consensus target price of $17.55.
NASDAQ NAVI opened at $13.44 on Friday. Navient has a one year low of $11.48 and a one year high of $16.97. The company has a quick ratio of 22.35, a current ratio of 22.35 and a debt-to-equity ratio of 30.13. The stock has a market capitalization of $3,381.91, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.12 and a beta of 2.20.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Thursday, May 31st. Navient’s payout ratio is 35.75%.
In other news, SVP Stephen M. Hauber sold 17,423 shares of the company’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.68% of the company’s stock.
Large investors have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in shares of Navient by 84.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock worth $153,000 after acquiring an additional 4,642 shares during the period. Stone Ridge Asset Management LLC acquired a new stake in shares of Navient in the 4th quarter worth approximately $141,000. Gotham Asset Management LLC acquired a new stake in shares of Navient in the 4th quarter worth approximately $154,000. First Allied Advisory Services Inc. acquired a new stake in shares of Navient in the 4th quarter worth approximately $148,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Navient in the 4th quarter worth approximately $155,000. 97.87% of the stock is owned by institutional investors.
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Navient Company Profile
Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.
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