Navient Co. (NASDAQ:NAVI) is expected to post earnings of $0.76 per share

Stock analysts expect Navient Co. (NASDAQ:NAVI – Get Rating) to report earnings per share (EPS) of $0.76 for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Navient, with the lowest EPS estimate of $0.72 and the highest estimate of $0.79. Navient reported earnings per share of $1.71 in the same quarter last year, which would indicate a negative growth rate of 55.6% year over year. The company is expected to announce its next quarterly earnings report after the market closes on Monday, January 1.

Zacks Investment Research’s earnings per share calculations are an average based on a survey of research companies that track Navient.

Navient (NASDAQ:NAVI – Get Rating) last released its quarterly results on Tuesday, January 25. The credit service provider reported ($0.43) earnings per share (EPS) for the quarter, missing Zacks consensus estimate of $0.85 per ($1.28). The company posted revenue of $272.00 million in the quarter, compared to $281.89 million expected by analysts. Navient had a return on equity of 20.46% and a net margin of 20.76%. The company’s quarterly revenue was down 13.4% year over year. In the same quarter a year earlier, the company posted EPS of $0.88.

A number of equity research analysts have recently commented on the company. JPMorgan Chase & Co. downgraded Navient from a “neutral” rating to an “underweight” rating and lowered its share price target from $21.00 to $17.00 in a research report from the Monday April 11. Barclays lowered its price target on Navient shares from $26.00 to $25.00 in a Monday, January 10 report. Compass Point downgraded Navient from a “buy” rating to a “neutral” rating and set a price target of $18.00 for the company. in a research note from Thursday, March 31. TheStreet downgraded Navient’s shares from a ‘b’ rating to a ‘c+’ rating in a Tuesday, January 25 research note. Finally, began covering Navient shares in a report on Thursday, March 31. They issued a “maintaining” rating for the company. One research analyst assigned the stock a sell rating, nine assigned a hold rating and three assigned the company’s stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

NASDAQ:NAVI shares opened at $16.90 on Thursday. The company has a debt ratio of 28.56, a quick ratio of 30.68 and a current ratio of 30.68. The company has a market capitalization of $2.57 billion, a price-earnings ratio of 4.20 and a beta of 1.72. The company has a fifty-day moving average price of $17.23 and a 200-day moving average price of $19.08. Navient has a fifty-two week minimum of $14.60 and a fifty-two week maximum of $23.80.

The company also recently announced a quarterly dividend, which was paid on Friday, March 18. Shareholders of record on Friday, March 4 received a dividend of $0.16. The ex-dividend date was Thursday, March 3. This represents an annualized dividend of $0.64 and a yield of 3.79%. Navient’s dividend payout ratio (DPR) is 15.92%.

In a similar vein, Executive Vice President Stephen M. Hauber sold 3,161 shares of Navient in a trade dated Thursday, Feb. 3. The stock was sold at an average price of $17.66, for a total transaction of $55,823.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, major shareholder Newbury Investors Llc acquired 315,408 shares of the company in a transaction on Thursday, March 31. The shares were acquired at an average price of $17.13 per share, with a total value of $5,402,939.04. Disclosure of this purchase can be found here. Company insiders own 2.85% of the company’s shares.

Several hedge funds and other institutional investors have recently changed their holdings to NAVI. 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 services provider worth $33,210,000 after purchasing an additional 1,418,986 shares last quarter. North Star Asset Management Inc. acquired a new stake in Navient in the fourth quarter valued at approximately $19,108,000. Morgan Stanley increased its stake in Navient shares by 224.3% during the 2nd quarter. Morgan Stanley now owns 1,119,626 shares of the credit services provider worth $21,642,000 after purchasing an additional 774,347 shares during the period. Goldman Sachs Group Inc. increased its stake in Navient by 55.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,185,629 shares of the credit service provider valued at $25,159,000 after buying an additional 425,200 shares last quarter. Finally, Citigroup Inc. increased its position in Navient shares by 399.0% during the third quarter. Citigroup Inc. now owns 491,180 shares of the credit services provider worth $9,691,000 after purchasing an additional 392,744 shares in the last quarter. 77.13% of the shares are currently held by institutional investors and hedge funds.

Navient Company Profile (Get a rating)

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

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