Navient Corp (NAVI) Expected to Post Earnings of $0.43 Per Share

Equities research analysts expect Navient Corp (NASDAQ:NAVI) to announce earnings per share of $0.43 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Navient’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.39. Navient posted earnings of $0.36 per share in the same quarter last year, which indicates a positive year over year growth rate of 19.4%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, April 24th.

Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Navient.

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Navient (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The business 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 period in the prior year, the company earned $0.43 EPS.

A number of equities research analysts recently commented on the company. Jefferies Group restated a “hold” rating and set a $14.00 price target on shares of Navient in a research report on Thursday, January 11th. ValuEngine lowered Navient from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub upgraded Navient from a “strong sell” rating to a “sell” rating in a research report on Friday, March 9th. Zacks Investment Research lowered Navient from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, Oppenheimer assumed coverage on Navient in a research report on Monday, January 8th. They set a “hold” rating on the stock. Two 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’s stock. Navient presently has a consensus rating of “Hold” and a consensus price target of $17.55.

NASDAQ NAVI traded down $0.22 during trading hours on Friday, reaching $13.44. 2,535,347 shares of the company’s stock were exchanged, compared to its average volume of 2,599,609. The firm has a market cap of $3,597.89, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.19 and a beta of 2.20. Navient has a one year low of $11.48 and a one year high of $16.97. The company has a debt-to-equity ratio of 30.13, a current ratio of 22.35 and a quick ratio of 22.35.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.64 dividend on an annualized basis and a yield of 4.76%. Navient’s payout ratio is 35.75%.

In other Navient news, SVP Stephen M. Hauber sold 17,423 shares of the stock in a transaction on Monday, January 29th. The stock was 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 SEC, which can be accessed through this hyperlink. 1.68% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in Navient in the 3rd quarter valued at $121,000. Stone Ridge Asset Management LLC bought a new position in Navient in the 4th quarter valued at $141,000. First Allied Advisory Services Inc. bought a new position in Navient in the 4th quarter valued at $148,000. Advisors Asset Management Inc. boosted its position in Navient by 84.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock valued at $153,000 after buying an additional 4,642 shares during the last quarter. Finally, Gotham Asset Management LLC bought a new position in Navient in the 4th quarter valued at $154,000. Hedge funds and other institutional investors own 97.87% of the company’s stock.

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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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Earnings History and Estimates for Navient (NASDAQ:NAVI)

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