Navient (NAVI) Set to Announce Quarterly Earnings on Wednesday

Navient (NASDAQ:NAVI) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Navient (NASDAQ:NAVI) last announced its earnings results on Wednesday, July 24th. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.14). The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $157.27 million. Navient had a net margin of 3.41% and a return on equity of 11.06%. During the same period in the previous year, the firm earned $0.70 EPS. On average, analysts expect Navient to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Navient Stock Up 0.9 %

Shares of NASDAQ:NAVI opened at $15.32 on Wednesday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 9.82 and a beta of 1.39. The company has a quick ratio of 9.99, a current ratio of 9.99 and a debt-to-equity ratio of 17.30. Navient has a 12-month low of $13.95 and a 12-month high of $19.68. The business’s 50 day moving average is $15.67 and its 200 day moving average is $15.37.

Navient Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.16 per share. The ex-dividend date was Friday, September 6th. This represents a $0.64 annualized dividend and a dividend yield of 4.18%. Navient’s payout ratio is 41.03%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NAVI shares. Bank of America started coverage on Navient in a research report on Monday, September 30th. They issued a “neutral” rating and a $17.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Navient from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Keefe, Bruyette & Woods boosted their price objective on Navient from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, Barclays boosted their price objective on Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.78.

About Navient

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.