$0.51 EPS Expected for Navient Corp (NAVI) This Quarter

Brokerages expect Navient Corp (NASDAQ:NAVI) to report $0.51 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Navient’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.45. Navient reported earnings of $0.49 per share during the same quarter last year, which would indicate a positive year over year growth rate of 4.1%. The company is expected to report its next quarterly earnings report on Tuesday, July 23rd.

Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Navient.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Tuesday, April 23rd. The credit services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.12. Navient had a return on equity of 15.10% and a net margin of 6.99%. The company had revenue of $285.00 million for the quarter, compared to analyst estimates of $304.67 million. During the same quarter in the prior year, the company posted $0.43 EPS.



A number of brokerages have weighed in on NAVI. BidaskClub raised Navient from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. ValuEngine raised Navient from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. BMO Capital Markets increased their price target on Navient from $14.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. raised Navient from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $12.50 to $14.50 in a research note on Thursday, April 25th. Finally, Oppenheimer reissued a “hold” rating on shares of Navient in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Navient presently has an average rating of “Buy” and a consensus target price of $15.21.

Shares of Navient stock traded up $0.26 during trading hours on Friday, reaching $13.22. 778,399 shares of the company’s stock were exchanged, compared to its average volume of 1,823,643. Navient has a 52-week low of $8.23 and a 52-week high of $15.02. The firm has a market cap of $3.16 billion, a PE ratio of 6.33, a P/E/G ratio of 2.15 and a beta of 2.34. The company has a quick ratio of 12.43, a current ratio of 12.43 and a debt-to-equity ratio of 25.60.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, June 6th. Navient’s dividend payout ratio is presently 30.62%.

In other Navient news, EVP Stephen M. Hauber sold 9,000 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $13.63, for a total transaction of $122,670.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.85% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Doyle Wealth Management purchased a new position in shares of Navient in the 4th quarter worth $46,000. Bessemer Group Inc. raised its position in shares of Navient by 165.5% in the 4th quarter. Bessemer Group Inc. now owns 5,437 shares of the credit services provider’s stock worth $48,000 after buying an additional 3,389 shares during the period. NumerixS Investment Technologies Inc raised its position in shares of Navient by 84.6% in the 1st quarter. NumerixS Investment Technologies Inc now owns 7,200 shares of the credit services provider’s stock worth $84,000 after buying an additional 3,300 shares during the period. Jane Street Group LLC purchased a new position in shares of Navient in the 4th quarter worth $93,000. Finally, Signition LP raised its position in shares of Navient by 13.6% in the 4th quarter. Signition LP now owns 11,362 shares of the credit services provider’s stock worth $100,000 after buying an additional 1,358 shares during the period. 95.44% of the stock is currently owned by institutional investors and hedge funds.

Navient Company Profile

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 in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.

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Earnings History and Estimates for Navient (NASDAQ:NAVI)

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