Analysts expect that Navient Corp (NASDAQ:NAVI) will announce sales of $337.67 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Navient’s earnings. The highest sales estimate is $346.00 million and the lowest is $331.00 million. Navient posted sales of $340.00 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The business is expected to announce its next quarterly earnings report on Tuesday, April 17th.
On average, analysts expect that Navient will report full year sales of $337.67 million for the current financial year, with estimates ranging from $1.29 billion to $1.33 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.22 billion per share, with estimates ranging from $1.18 billion to $1.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Navient.
Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $362.33 million. Navient had a return on equity of 13.90% and a net margin of 5.94%. During the same quarter in the prior year, the business earned $0.43 earnings per share.
A number of analysts recently commented on the company. ValuEngine cut Navient from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Jefferies Group reiterated a “hold” rating and set a $15.00 price objective on shares of Navient in a research report on Thursday, January 25th. UBS assumed coverage on Navient in a research report on Monday, January 8th. They set a “market perform” rating for the company. Oppenheimer assumed coverage on Navient in a research report on Monday, January 8th. They set a “hold” rating for the company. Finally, JPMorgan Chase & Co. cut Navient from a “neutral” rating to an “underweight” rating in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $17.45.
Navient stock traded down $0.20 during trading on Friday, reaching $13.31. The company had a trading volume of 645,394 shares, compared to its average volume of 2,875,450. The stock has a market capitalization of $3,558.38, a PE ratio of 13.20, a PEG ratio of 1.18 and a beta of 2.29. The company has a debt-to-equity ratio of 30.13, a quick ratio of 22.35 and a current ratio of 22.35. Navient has a 12 month low of $11.48 and a 12 month high of $16.97.
The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Thursday, March 1st. Navient’s payout ratio is 63.37%.
In other Navient news, SVP Stephen M. Hauber sold 17,423 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $14.40, for a total value of $250,891.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.68% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in Navient in the third quarter worth about $121,000. Advisors Asset Management Inc. increased its position in Navient by 84.0% in the third quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock worth $153,000 after buying an additional 4,642 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Navient in the fourth quarter worth about $141,000. Gotham Asset Management LLC purchased a new stake in Navient in the fourth quarter worth about $154,000. Finally, First Allied Advisory Services Inc. purchased a new stake in Navient in the fourth quarter worth about $148,000. Institutional investors and hedge funds own 97.87% of the company’s stock.
Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).
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