Navient (NAVI) Expected to Announce Quarterly Earnings on Wednesday

Navient (NASDAQ:NAVI) is projected to release its earnings data 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. Parties that wish to listen to the company’s conference call can do so using this link.

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

Navient Stock Up 0.6 %

NAVI opened at $14.66 on Tuesday. Navient has a twelve month low of $12.73 and a twelve month high of $18.36. The company’s 50-day moving average price is $14.24 and its two-hundred day moving average price is $15.02. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 21.25 and a beta of 1.43. The company has a quick ratio of 9.49, a current ratio of 9.49 and a debt-to-equity ratio of 16.59.

Navient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.64 annualized dividend and a yield of 4.37%. Navient’s payout ratio is 92.75%.

Analyst Upgrades and Downgrades

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

Insider Activity at Navient

In related news, EVP Stephen M. Hauber sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total transaction 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. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 27.99% of the stock is owned by corporate insiders.

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.