Navient (NASDAQ:NAVI) announced its quarterly earnings data on Tuesday. The credit services provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.10, Briefing.com reports. The company had revenue of $294.00 million during the quarter, compared to analyst estimates of $298.33 million. Navient had a net margin of 8.80% and a return on equity of 17.50%. During the same period last year, the business earned $0.58 EPS.
NASDAQ NAVI opened at $14.59 on Wednesday. Navient has a one year low of $10.68 and a one year high of $15.67. The company has a 50-day simple moving average of $13.79 and a 200-day simple moving average of $13.43. The company has a debt-to-equity ratio of 26.07, a quick ratio of 13.16 and a current ratio of 13.16. The firm has a market capitalization of $3.06 billion, a PE ratio of 7.05, a price-to-earnings-growth ratio of 0.19 and a beta of 2.13.
Several brokerages have weighed in on NAVI. ValuEngine lowered shares of Navient from a “sell” rating to a “strong sell” rating in a report on Friday, October 25th. 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 report on Monday, October 28th. BMO Capital Markets raised their price objective on shares of Navient from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. TheStreet lowered shares of Navient from a “b-” rating to a “c+” rating in a report on Monday, October 7th. Finally, BidaskClub lowered shares of Navient from a “hold” rating to a “sell” rating in a report on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Navient presently has a consensus rating of “Hold” and a consensus target price of $15.67.
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.
Featured Article: Balance Sheet
Receive News & Ratings for Navient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navient and related companies with MarketBeat.com's FREE daily email newsletter.