Navient (NAVI) Scheduled to Post Earnings on Wednesday

Navient (NASDAQ:NAVI) will be releasing its earnings data before the market opens on Wednesday, April 24th. Analysts expect Navient to post earnings of $0.60 per share for the quarter. Navient has set its FY 2024 guidance at 2.100-2.300 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Navient (NASDAQ:NAVI) last released its earnings results on Wednesday, January 31st. The credit services provider reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.07). The firm had revenue of $193.00 million during the quarter, compared to analyst estimates of $210.76 million. Navient had a return on equity of 14.17% and a net margin of 4.72%. On average, analysts expect Navient to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Navient Stock Performance

NAVI opened at $16.58 on Tuesday. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 9.31 and a beta of 1.38. The company has a debt-to-equity ratio of 19.35, a current ratio of 13.64 and a quick ratio of 13.63. Navient has a 1-year low of $14.10 and a 1-year high of $19.69. The business has a 50 day moving average price of $16.56 and a two-hundred day moving average price of $17.13.

Navient Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a yield of 3.86%. Navient’s dividend payout ratio (DPR) is 35.96%.

Insider Activity

In other news, EVP Mark L. Heleen sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $17.20, for a total transaction of $172,000.00. Following the transaction, the executive vice president now directly owns 385,577 shares in the company, valued at approximately $6,631,924.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 27.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NAVI. Barclays reaffirmed an “underweight” rating and issued a $14.00 price target (down previously from $17.00) on shares of Navient in a report on Wednesday, January 10th. TD Cowen cut Navient from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $17.00 to $15.00 in a report on Monday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Navient in a report on Wednesday, January 10th. They issued a “hold” rating and a $19.00 price target on the stock. Citigroup upped their price target on Navient from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Finally, Stephens downgraded shares of Navient from an “equal weight” rating to an “underweight” rating and set a $16.00 target price on the stock. in a research note on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Navient presently has an average rating of “Hold” and a consensus price target of $16.67.

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.