Navient (NAVI) Set to Announce Earnings on Wednesday

Navient (NASDAQ:NAVI) is projected to announce its results after the market closes on Wednesday, November 4th. Analysts expect the company to announce earnings of $0.0897 per share and revenue of $144.92 million for the quarter.

Navient (NASDAQ:NAVI) last announced its earnings results on Thursday, August 6th. The credit services provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. Navient had a negative net margin of 1.64% and a positive return on equity of 4.68%. The business had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $142.87 million. During the same period in the previous year, the company posted $0.20 EPS. On average, analysts expect Navient to post $0.83 EPS for the current fiscal year and $0.99 EPS for the next fiscal year.

Navient Price Performance

Shares of NASDAQ NAVI opened at $9.30 on Monday. The firm’s 50-day moving average is $9.24 and its two-hundred day moving average is $8.96. The company has a debt-to-equity ratio of 16.73, a current ratio of 10.53 and a quick ratio of 10.53. Navient has a 12-month low of $7.33 and a 12-month high of $13.48. The company has a market capitalization of $872.15 million, a PE ratio of -18.60 and a beta of 1.17.

Navient Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.64 annualized dividend and a yield of 6.9%. Navient’s dividend payout ratio (DPR) is currently -128.00%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NAVI. Weiss Ratings restated a “sell (d)” rating on shares of Navient in a report on Monday, September 21st. Zacks Research raised shares of Navient from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. JPMorgan Chase & Co. lifted their target price on shares of Navient from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Monday, October 12th. TD Cowen reiterated a “sell” rating on shares of Navient in a research note on Friday, August 7th. Finally, Barclays reduced their target price on Navient from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $8.17.

About Navient

Navient Corp. (NASDAQ:NAVI) is a financial services company that provides education finance and business-processing solutions. The company has historically serviced and managed federal and private student loans, helping borrowers with account administration, repayment processing, customer support and related loan-management services.

Navient’s operations have evolved as the company reduced its role in servicing federally owned student loans. In 2021, it transferred its federal student loan servicing portfolio to Aidvantage, a division of Maximus.