Navient (NASDAQ:NAVI) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.42 per share for the quarter.

Navient (NASDAQ:NAVI) last released its earnings results on Tuesday, October 17th. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. Navient had a net margin of 10.88% and a return on equity of 14.09%. The business had revenue of $343.00 million for the quarter, compared to analysts’ expectations of $361.33 million. During the same period last year, the company earned $0.50 earnings per share. The company’s quarterly revenue was down 15.3% on a year-over-year basis. On average, analysts expect Navient to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Navient (NAVI) opened at $13.88 on Tuesday. The company has a debt-to-equity ratio of 30.58, a current ratio of 33.10 and a quick ratio of 33.10. Navient has a 12-month low of $11.48 and a 12-month high of $17.05. The stock has a market cap of $3,650.61, a P/E ratio of 7.67, a P/E/G ratio of 1.25 and a beta of 2.37.

Navient announced that its board has initiated a stock buyback program on Wednesday, October 4th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

NAVI has been the topic of several research analyst reports. Zacks Investment Research cut shares of Navient from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Barclays reissued an “overweight” rating and issued a $17.00 target price on shares of Navient in a research report on Tuesday, November 14th. ValuEngine raised shares of Navient from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. UBS Group initiated coverage on shares of Navient in a research report on Monday, January 8th. They issued a “market perform” rating on the stock. Finally, Jefferies Group reissued a “hold” rating and issued a $16.00 target price on shares of Navient in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $17.36.

In other Navient news, CFO Christian M. Lown purchased 6,000 shares of Navient stock in a transaction on Friday, October 20th. The shares were purchased at an average cost of $12.35 per share, with a total value of $74,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.68% of the company’s stock.

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Navient Company Profile

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).

Earnings History for Navient (NASDAQ:NAVI)

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