Navient (NASDAQ:NAVI) issued its earnings results on Tuesday. The credit services provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.10, Briefing.com reports. Navient had a return on equity of 17.50% and a net margin of 8.80%. The company had revenue of $294.00 million during the quarter, compared to the consensus estimate of $298.33 million. During the same period in the previous year, the firm posted $0.58 earnings per share.
Shares of NASDAQ NAVI opened at $14.98 on Wednesday. The company has a current ratio of 13.16, a quick ratio of 13.16 and a debt-to-equity ratio of 26.07. The stock has a 50 day simple moving average of $13.79 and a 200-day simple moving average of $13.43. The company has a market cap of $3.06 billion, a PE ratio of 7.23, a P/E/G ratio of 0.19 and a beta of 2.13. Navient has a 12-month low of $10.68 and a 12-month high of $15.67.
A number of brokerages have commented on NAVI. TheStreet downgraded Navient from a “b-” rating to a “c+” rating in a research note on Monday, October 7th. Barclays downgraded Navient from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a research note on Thursday, January 9th. ValuEngine downgraded Navient from a “sell” rating to a “strong sell” rating in a research note on Friday, October 25th. Stephens began coverage on Navient in a research note on Tuesday, December 10th. They issued an “equal weight” rating and a $17.00 target price for the company. Finally, BidaskClub downgraded Navient from a “hold” rating to a “sell” rating in a research note on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $15.67.
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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