Navient (NAVI) Scheduled to Post Earnings on Wednesday

Navient (NASDAQ:NAVI) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Navient has set its FY 2024 guidance at 2.100-2.300 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.07). The firm had revenue of $193.00 million for the quarter, compared to analyst estimates of $210.76 million. Navient had a return on equity of 14.17% and a net margin of 4.72%. On average, analysts expect Navient to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Navient Stock Performance

NASDAQ NAVI opened at $16.58 on Tuesday. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 9.31 and a beta of 1.38. The company has a 50 day moving average of $16.56 and a 200-day moving average of $17.13. The company has a current ratio of 13.64, a quick ratio of 13.63 and a debt-to-equity ratio of 19.35. Navient has a 1-year low of $14.10 and a 1-year high of $19.69.

Navient Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.64 annualized dividend and a dividend yield of 3.86%. Navient’s dividend payout ratio (DPR) is currently 35.96%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com cut shares of Navient from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. TD Cowen cut shares of Navient from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $17.00 to $15.00 in a research note on Monday, January 8th. Barclays reissued an “underweight” rating and set a $14.00 price target (down from $17.00) on shares of Navient in a research note on Wednesday, January 10th. JPMorgan Chase & Co. raised shares of Navient from an “underweight” rating to a “neutral” rating and decreased their price target for the company from $18.00 to $17.00 in a research note on Wednesday, April 3rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Navient in a research note on Wednesday, January 10th. They set a “hold” rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.67.

Insider Buying and Selling at Navient

In other Navient news, EVP Mark L. Heleen sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $17.20, for a total value of $172,000.00. Following the transaction, the executive vice president now directly owns 385,577 shares of the company’s stock, valued at $6,631,924.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 27.99% of the company’s stock.

About Navient

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.