Navient Corp (NASDAQ:NAVI) announced a quarterly dividend on Thursday, November 14th, Zacks reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.16 per share by the credit services provider on Friday, December 20th. This represents a $0.64 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Thursday, December 5th.
NASDAQ NAVI opened at $14.06 on Tuesday. Navient has a 52 week low of $8.23 and a 52 week high of $15.67. The company has a quick ratio of 13.16, a current ratio of 13.16 and a debt-to-equity ratio of 26.07. The company has a market capitalization of $3.17 billion, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 0.23 and a beta of 2.14. The stock’s 50-day moving average price is $13.67 and its 200-day moving average price is $13.31.
Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, October 22nd. The credit services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.05. The company had revenue of $312.00 million during the quarter, compared to the consensus estimate of $295.33 million. Navient had a return on equity of 17.50% and a net margin of 8.80%. During the same period in the previous year, the company posted $0.53 EPS. Research analysts anticipate that Navient will post 2.52 EPS for the current year.
NAVI has been the topic of a number of recent analyst reports. BMO Capital Markets raised their target price on shares of Navient from $17.00 to $18.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. ValuEngine lowered shares of Navient from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. TheStreet cut shares of Navient from a “b-” rating to a “c+” rating in a research note on Monday, October 7th. Zacks Investment Research raised shares of Navient from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research note on Monday, October 28th. Finally, BidaskClub upgraded shares of Navient from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Navient has an average rating of “Hold” and a consensus target price of $15.60.
Navient Company Profile
Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.
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