Wall Street analysts expect Navient Corp (NASDAQ:NAVI) to report earnings per share of $0.41 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Navient’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.39. Navient posted earnings of $0.36 per share in the same quarter last year, which would suggest a positive year over year growth rate of 13.9%. The business is scheduled to announce its next earnings report after the market closes on Tuesday, April 24th.
Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Navient.
Navient (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $366.00 million during 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 posted $0.43 EPS.
NAVI has been the subject of several research reports. JPMorgan Chase cut Navient from a “neutral” rating to an “underweight” rating in a report on Friday, January 12th. Oppenheimer assumed coverage on Navient in a report on Monday, January 8th. They set a “hold” rating for the company. Jefferies Group reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Navient in a report on Thursday, January 11th. Zacks Investment Research raised Navient from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Friday, April 6th. Finally, ValuEngine cut Navient from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.67.
NASDAQ:NAVI traded up $0.08 during mid-day trading on Tuesday, hitting $13.50. 3,047,664 shares of the stock were exchanged, compared to its average volume of 2,771,250. The stock has a market cap of $3,513.73, a P/E ratio of 7.54, a PEG ratio of 1.16 and a beta of 2.19. The company has a current ratio of 22.35, a quick ratio of 22.35 and a debt-to-equity ratio of 30.13. Navient has a fifty-two week low of $11.48 and a fifty-two week high of $16.97.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.64 annualized dividend and a yield of 4.74%. Navient’s dividend payout ratio is presently 35.75%.
In other news, SVP Stephen M. Hauber sold 17,423 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $14.40, for a total transaction of $250,891.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.85% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Canyon Capital Advisors LLC acquired a new position in shares of Navient during the 4th quarter worth $203,134,000. State of Tennessee Treasury Department raised its holdings in shares of Navient by 55.4% during the 4th quarter. State of Tennessee Treasury Department now owns 115,908 shares of the credit services provider’s stock worth $1,544,000 after buying an additional 41,327 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Navient by 13.8% during the 4th quarter. Alps Advisors Inc. now owns 3,816,609 shares of the credit services provider’s stock worth $50,837,000 after buying an additional 463,382 shares in the last quarter. American International Group Inc. grew its position in Navient by 8.8% during the 4th quarter. American International Group Inc. now owns 105,489 shares of the credit services provider’s stock worth $1,405,000 after acquiring an additional 8,512 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Navient by 51.7% during the 4th quarter. Franklin Resources Inc. now owns 82,809 shares of the credit services provider’s stock worth $1,103,000 after acquiring an additional 28,222 shares during the last quarter. 97.43% 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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