Navient Co. (NASDAQ:NAVI) Expected to Announce Earnings of $0.78 Per Share

Equities analysts expect Navient Co. (NASDAQ:NAVI) to report earnings per share of $0.78 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Navient’s earnings, with estimates ranging from $0.71 to $0.84. Navient posted earnings per share of $0.51 during the same quarter last year, which would indicate a positive year-over-year growth rate of 52.9%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, April 27th.

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

Navient (NASDAQ:NAVI) last posted its earnings results on Monday, January 25th. The credit services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The firm had revenue of $241.00 million during the quarter, compared to analyst estimates of $283.38 million. Navient had a net margin of 9.65% and a return on equity of 25.22%. Navient’s revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS.

A number of brokerages have recently weighed in on NAVI. Zacks Investment Research lowered shares of Navient from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a research note on Tuesday, March 23rd. JPMorgan Chase & Co. upped 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. Barclays upped their price target on shares of Navient from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, April 12th. Finally, Jefferies Financial Group raised shares of Navient from a “hold” rating to a “buy” rating and upped their price target for the stock from $11.50 to $19.00 in a research note on Thursday, March 25th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.71.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kendall Capital Management raised its holdings in shares of Navient by 2.6% in the 4th quarter. Kendall Capital Management now owns 45,070 shares of the credit services provider’s stock worth $443,000 after purchasing an additional 1,155 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Navient by 2.6% during the first quarter. Louisiana State Employees Retirement System now owns 47,800 shares of the credit services provider’s stock valued at $684,000 after acquiring an additional 1,200 shares during the period. Intersect Capital LLC raised its holdings in shares of Navient by 11.9% during the fourth quarter. Intersect Capital LLC now owns 11,367 shares of the credit services provider’s stock valued at $112,000 after acquiring an additional 1,208 shares during the period. Hussman Strategic Advisors Inc. raised its holdings in shares of Navient by 2.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 76,500 shares of the credit services provider’s stock valued at $751,000 after acquiring an additional 1,500 shares during the period. Finally, Vestmark Advisory Solutions Inc. raised its holdings in shares of Navient by 6.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 26,293 shares of the credit services provider’s stock valued at $258,000 after acquiring an additional 1,618 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

Shares of NASDAQ:NAVI traded up $0.23 during trading on Wednesday, reaching $15.03. The company had a trading volume of 1,655,039 shares, compared to its average volume of 2,120,150. The firm’s fifty day moving average is $13.84 and its 200 day moving average is $11.23. The firm has a market capitalization of $2.71 billion, a PE ratio of 7.67 and a beta of 1.82. Navient has a twelve month low of $6.14 and a twelve month high of $15.09. The company has a debt-to-equity ratio of 34.94, a quick ratio of 12.02 and a current ratio of 12.02.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 19th. Investors of record on Friday, March 5th were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.26%. Navient’s payout ratio is currently 24.24%.

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 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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