Navient (NAVI) Projected to Post Quarterly Earnings on Wednesday

Navient (NASDAQ:NAVI) is expected to be posting 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 interested in listening to the company’s earnings conference call can do so using this link.

Navient (NASDAQ:NAVI) last announced its quarterly earnings results on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $1.20. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $150.04 million. Navient had a net margin of 1.71% and a return on equity of 8.62%. During the same period in the prior 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 $14.66 on Tuesday. The firm has a market cap of $1.57 billion, a PE ratio of 21.25 and a beta of 1.43. The company has a debt-to-equity ratio of 16.59, a quick ratio of 9.49 and a current ratio of 9.49. Navient has a 52 week low of $12.73 and a 52 week high of $18.36. The firm’s fifty day moving average is $14.24 and its 200-day moving average is $15.02.

Navient Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.37%. Navient’s dividend payout ratio (DPR) is 92.75%.

Insider Activity at Navient

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NAVI shares. JPMorgan Chase & Co. decreased their target price on shares of Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Seaport Res Ptn upgraded Navient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. StockNews.com upgraded Navient from a “hold” rating to a “buy” rating in a report on Friday, November 1st. TD Cowen lowered their price objective on shares of Navient from $14.00 to $13.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Finally, Bank of America cut their target price 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.