Stock analysts expect Navient Co. (NASDAQ: NAVI) to report earnings per share of $ 0.81 for the current quarter, according to Zacks investment research. Three analysts estimated Navient’s earnings, with the lowest EPS estimate being $ 0.71 and the highest estimate being $ 0.89. Navient reported earnings per share of $ 0.88 in the same quarter last year, suggesting a negative year-over-year growth rate of 8%. The company is expected to announce its next results on Tuesday, January 25.
Zacks Investment Research’s earnings per share calculations are an average based on a survey of research companies that cover Navient.
Navient (NASDAQ: NAVI) last announced its quarterly earnings data on Tuesday, October 26. The credit services provider reported earnings of $ 0.89 per share for the quarter, beating the consensus estimate of $ 0.82 by $ 0.07. Navient recorded a return on equity of 29.54% and a net margin of 25.74%. The company posted revenue of $ 299.00 million in the quarter, compared to analysts’ estimates of $ 269.99 million. During the same period of the previous year, the company achieved earnings per share of $ 0.99. Navient’s turnover is down 6.9% compared to the same quarter last year.
Several research companies have published reports on NAVI. Seaport Res Ptn reaffirmed a “neutral” rating on Navient’s shares in a research report on Thursday, September 30. Wedbush reaffirmed an “outperformance” rating on Navient stocks in a research report on Tuesday, November 2nd. Seaport Global Securities began covering Navient in a research report on Thursday, September 30. They set a “neutral” rating on the stock. Finally, Zacks investment research upgraded Navient from a “sell” rating to a “keep” rating and set a target price of $ 21.00 for the stock in a research report on Monday, November 1. Seven investment analysts gave the stock a conservation rating and four gave the company a buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $ 20.83.
NASDAQ NAVI shares opened at $ 21.30 on Friday. The company has a market cap of $ 3.43 billion, a price-to-earnings ratio of 4.19 and a beta of 1.70. The stock has a fifty-day simple moving average of $ 20.19 and a two-hundred-day simple moving average of $ 20.56. Navient has a one-year low of $ 9.07 and a one-year high of $ 23.80. The company has a current ratio of 27.93, a quick ratio of 27.93 and a debt ratio of 27.66.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 17. Investors registered on Friday, December 3 received a dividend of $ 0.16. The ex-dividend date of this dividend was Thursday, December 2. This represents a dividend of $ 0.64 on an annualized basis and a dividend yield of 3.00%. Navient’s dividend payout ratio (DPR) is currently 12.60%.
A number of institutional investors and hedge funds have recently increased or reduced their holdings in NAVI. FMR LLC increased its stake in Navient by 23.6% in the second quarter. FMR LLC now owns 9,782,093 shares of the credit service provider valued at $ 189,088,000 after acquiring an additional 1,864,585 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Navient by 536.9% in the third quarter. Allianz Asset Management GmbH now owns 1,683,262 shares of the credit service provider valued at $ 33,210,000 after acquiring an additional 1,418,986 shares in the last quarter. Morgan Stanley increased its stake in Navient by 224.3% in the second quarter. Morgan Stanley now owns 1,119,626 shares of the credit services provider valued at $ 21,642,000 after acquiring an additional 774,347 shares in the last quarter. Amundi bought a new position in Navient in the second quarter worth $ 13,531,000. Finally, Citigroup Inc. increased its stake in Navient by 399.0% in the third quarter. Citigroup Inc. now owns 491,180 shares of the credit service provider valued at $ 9,691,000 after acquiring an additional 392,744 shares during the last quarter. 91.76% of the shares are currently held by institutional investors and hedge funds.
Navient Corp. is committed to providing asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates in the following segments: Federal Education Loans, Consumer Loans, Business Processing and Others. The Federal Education Loans segment holds FFELP loans and provides asset management and recovery services on the FFELP loan portfolio.
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