Navient (NAVI) Scheduled to Post Earnings on Tuesday

Navient (NASDAQ:NAVI) is set to release its earnings data after the market closes on Tuesday, April 24th. Analysts expect Navient to post earnings of $0.43 per share for the quarter.

Navient (NASDAQ:NAVI) last announced its earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $366.00 million during the quarter, compared to the consensus estimate of $362.33 million. Navient had a return on equity of 13.90% and a net margin of 5.94%. During the same period in the prior year, the company posted $0.43 EPS. On average, analysts expect Navient to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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Shares of NAVI stock opened at $13.39 on Tuesday. The company has a debt-to-equity ratio of 30.13, a current ratio of 22.35 and a quick ratio of 22.35. The company has a market cap of $3,495.17, a PE ratio of 7.48, a price-to-earnings-growth ratio of 1.16 and a beta of 2.19. Navient has a 1-year low of $11.48 and a 1-year high of $16.97.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Thursday, May 31st. Navient’s payout ratio is 35.75%.

Several brokerages have recently weighed in on NAVI. Zacks Investment Research downgraded Navient from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. ValuEngine downgraded Navient from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Compass Point raised Navient from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, April 4th. Jefferies Group reissued a “hold” rating and issued a $15.00 price objective on shares of Navient in a research note on Thursday, January 25th. Finally, UBS assumed coverage on Navient in a research note on Monday, January 8th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.55.

In related news, SVP Stephen M. Hauber sold 17,423 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $14.40, for a total value of $250,891.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.68% of the stock is currently owned by corporate insiders.

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Navient Company Profile

Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services.

Earnings History for Navient (NASDAQ:NAVI)

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