Navient (NAVI) Projected to Post Earnings on Wednesday

Navient (NASDAQ:NAVI) is projected to post its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect Navient to post earnings of $0.26 per share and revenue of $136,800.00 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Navient (NASDAQ:NAVI) last posted its quarterly earnings results on Wednesday, October 30th. The credit services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $0.25 by $1.20. Navient had a net margin of 1.71% and a return on equity of 8.62%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $150.04 million. During the same period in the previous year, the company posted $0.84 EPS. On average, analysts expect Navient to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Navient Price Performance

Shares of NASDAQ:NAVI opened at $14.57 on Monday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 21.12 and a beta of 1.43. Navient has a 1 year low of $12.73 and a 1 year high of $18.36. The company has a current ratio of 9.49, a quick ratio of 9.49 and a debt-to-equity ratio of 16.59. The business has a fifty day simple moving average of $14.24 and a 200 day simple moving average of $15.02.

Navient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Friday, December 6th. Navient’s dividend payout ratio (DPR) is presently 92.75%.

Insider Buying and Selling

In other Navient news, EVP Stephen M. Hauber sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. Following the completion of the transaction, the executive vice president now directly owns 256,883 shares in the company, valued at $3,853,245. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 27.99% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on NAVI shares. StockNews.com upgraded Navient from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Bank of America dropped their price target on shares of Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Seaport Res Ptn raised shares of Navient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. TD Cowen reduced their target price on Navient from $14.00 to $13.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, Barclays raised their target price on shares of Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.58.

Navient Company Profile

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.