Brokerages Anticipate Navient Co. (NASDAQ:NAVI) to Post $0.85 Earnings Per Share

Analysts forecast that Navient Co. (NASDAQ:NAVI) will post earnings of $0.85 per share for the current quarter, according to Zacks. Two analysts have made estimates for Navient’s earnings, with estimates ranging from $0.81 to $0.90. Navient posted earnings per share of $0.92 during the same quarter last year, which would indicate a negative year over year growth rate of 7.6%. The company is expected to report its next quarterly earnings results on Tuesday, July 20th.

Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Navient.

Navient (NASDAQ:NAVI) last announced its quarterly earnings results on Tuesday, April 27th. The credit services provider reported $1.65 EPS for the quarter, beating the consensus estimate of $0.77 by $0.88. The company had revenue of $210.00 million for the quarter, compared to the consensus estimate of $287.37 million. Navient had a return on equity of 35.17% and a net margin of 23.47%. The company’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share.

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Navient from $12.50 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, April 15th. They noted that the move was a valuation call. TheStreet upgraded shares of Navient from a “c” rating to a “b-” rating in a research note on Tuesday, April 27th. Citigroup reiterated a “focus list” rating and set a $19.00 price target (up previously from $15.00) on shares of Navient in a research note on Thursday, April 29th. Barclays lifted their price target on Navient from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, April 12th. Finally, Jefferies Financial Group lifted their price target on Navient from $19.00 to $23.00 and gave the company a “buy” rating in a report on Thursday. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $16.69.

Shares of Navient stock traded up $0.37 during midday trading on Friday, hitting $19.30. The company had a trading volume of 29,432 shares, compared to its average volume of 1,995,063. Navient has a 1-year low of $6.38 and a 1-year high of $19.46. The company has a current ratio of 14.20, a quick ratio of 14.20 and a debt-to-equity ratio of 27.65. The company’s 50 day moving average price is $16.61. The company has a market cap of $3.46 billion, a PE ratio of 4.03 and a beta of 1.83.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 18th. Investors of record on Friday, June 4th will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, June 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 3.32%. Navient’s payout ratio is 19.75%.

In other news, EVP Stephen M. Hauber sold 13,285 shares of the business’s stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $16.97, for a total transaction of $225,446.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.85% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of NAVI. Amundi Pioneer Asset Management Inc. grew its position in shares of Navient by 72.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 77,804 shares of the credit services provider’s stock valued at $899,000 after purchasing an additional 32,720 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Navient by 22.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 150,143 shares of the credit services provider’s stock valued at $1,474,000 after purchasing an additional 27,819 shares during the period. IFP Advisors Inc lifted its stake in Navient by 1,747.9% in the 4th quarter. IFP Advisors Inc now owns 7,373 shares of the credit services provider’s stock valued at $73,000 after acquiring an additional 6,974 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Navient by 18.6% in the 4th quarter. Victory Capital Management Inc. now owns 245,655 shares of the credit services provider’s stock valued at $2,412,000 after acquiring an additional 38,510 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Navient in the 4th quarter valued at approximately $104,000. Institutional investors own 89.96% of the company’s stock.

About Navient

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates through four segments: Federal Education Loans, Consumer Lending, Business Processing, and Other.

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Earnings History and Estimates for Navient (NASDAQ:NAVI)

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