Navient Co. (NASDAQ:NAVI) Declares $0.16 Quarterly Dividend

Navient Co. (NASDAQ:NAVI) announced a quarterly dividend on Friday, February 21st, RTT News reports. Shareholders of record on Wednesday, May 7th will be paid a dividend of 0.16 per share by the credit services provider on Friday, March 21st. This represents a $0.64 annualized dividend and a dividend yield of 4.56%.

Navient has a payout ratio of 45.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Navient to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 45.4%.

Navient Stock Down 0.4 %

Shares of NAVI stock traded down $0.05 during mid-day trading on Friday, hitting $14.02. The stock had a trading volume of 650,573 shares, compared to its average volume of 869,158. The firm has a market capitalization of $1.51 billion, a P/E ratio of 12.09 and a beta of 1.43. The company has a debt-to-equity ratio of 16.35, a current ratio of 9.48 and a quick ratio of 9.49. Navient has a 12-month low of $12.73 and a 12-month high of $17.56. The firm’s 50-day moving average is $13.74 and its two-hundred day moving average is $14.80.

Navient (NASDAQ:NAVI) last released its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Navient had a return on equity of 6.69% and a net margin of 2.96%. On average, analysts predict that Navient will post 1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. TD Cowen reduced their target price on Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. reduced their target price on Navient from $15.00 to $13.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Bank of America reduced their target price on Navient from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. StockNews.com lowered Navient from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Seaport Res Ptn raised Navient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Navient presently has an average rating of “Hold” and an average target price of $13.90.

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.