FY2025 EPS Estimates for Navient Cut by Seaport Res Ptn

Navient Corporation (NASDAQ:NAVI) – Equities researchers at Seaport Res Ptn dropped their FY2025 EPS estimates for Navient in a note issued to investors on Thursday, October 30th. Seaport Res Ptn analyst W. Ryan now forecasts that the credit services provider will post earnings per share of ($0.03) for the year, down from their previous estimate of $1.01. The consensus estimate for Navient’s current full-year earnings is $1.04 per share.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Monday, February 28th. The credit services provider reported $0.97 earnings per share for the quarter. The firm had revenue of $511.00 million for the quarter. Navient had a negative net margin of 1.48% and a positive return on equity of 4.12%.

Several other equities analysts have also weighed in on NAVI. Wall Street Zen lowered shares of Navient from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. dropped their price target on shares of Navient from $14.00 to $12.50 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Bank of America lowered shares of Navient from a “neutral” rating to an “underperform” rating and set a $12.00 price target on the stock. in a research report on Thursday, September 4th. Cowen reissued a “sell” rating on shares of Navient in a research report on Thursday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Navient in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Navient currently has a consensus rating of “Reduce” and an average target price of $12.83.

Navient Price Performance

Shares of NAVI opened at $12.20 on Monday. The firm has a market cap of $1.19 billion, a PE ratio of -22.59 and a beta of 1.33. The firm’s 50 day moving average price is $12.93 and its 200 day moving average price is $13.26. The company has a debt-to-equity ratio of 16.98, a quick ratio of 9.41 and a current ratio of 9.41. Navient has a twelve month low of $10.53 and a twelve month high of $16.07.

Navient Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a $0.16 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.64 annualized dividend and a dividend yield of 5.2%. Navient’s dividend payout ratio (DPR) is presently -118.52%.

Institutional Investors Weigh In On Navient

Several hedge funds and other institutional investors have recently modified their holdings of NAVI. Orbis Allan Gray Ltd grew its stake in shares of Navient by 23.2% in the second quarter. Orbis Allan Gray Ltd now owns 2,848,718 shares of the credit services provider’s stock worth $40,167,000 after acquiring an additional 536,933 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Navient by 32.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,439,903 shares of the credit services provider’s stock worth $18,186,000 after buying an additional 353,898 shares in the last quarter. Nuveen LLC acquired a new stake in Navient during the first quarter worth $2,986,000. Bank of America Corp DE boosted its stake in Navient by 50.1% during the second quarter. Bank of America Corp DE now owns 462,101 shares of the credit services provider’s stock worth $6,516,000 after buying an additional 154,171 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Navient by 10.9% during the first quarter. Wellington Management Group LLP now owns 1,459,166 shares of the credit services provider’s stock worth $18,429,000 after buying an additional 143,325 shares in the last quarter. Institutional investors and hedge funds own 97.14% of the company’s stock.

About Navient

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.