Navient (NAVI) to Release Earnings on Wednesday

Navient (NASDAQ:NAVI) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $136,800.00 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Navient (NASDAQ:NAVI) last posted its earnings results on Wednesday, October 30th. The credit services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $0.25 by $1.20. Navient had a return on equity of 8.62% and a net margin of 1.71%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $150.04 million. During the same period last year, the company earned $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 Trading Up 0.6 %

NAVI opened at $14.57 on Monday. The company has a debt-to-equity ratio of 16.59, a current ratio of 9.49 and a quick ratio of 9.49. Navient has a fifty-two week low of $12.73 and a fifty-two week high of $18.36. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 21.12 and a beta of 1.43. The company’s 50 day moving average price is $14.24 and its two-hundred day moving average price is $15.02.

Navient Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.39%. The ex-dividend date was Friday, December 6th. Navient’s payout ratio is presently 92.75%.

Insider Buying and Selling

In other news, EVP Stephen M. Hauber sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. Following the transaction, the executive vice president now owns 256,883 shares in the company, valued at $3,853,245. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 27.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NAVI has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Navient from $15.00 to $13.50 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. TD Cowen dropped their price objective on Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. StockNews.com upgraded Navient from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Barclays boosted their price target on Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Tuesday, October 8th. 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 report on Tuesday, December 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Navient currently has a consensus rating of “Hold” and an average target price of $14.58.

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.