Navient Corp (NAVI) Expected to Earn Q1 2018 Earnings of $0.46 Per Share

Navient Corp (NASDAQ:NAVI) – Equities researchers at Wedbush issued their Q1 2018 earnings estimates for shares of Navient in a report issued on Thursday. Wedbush analyst H. Coffey anticipates that the credit services provider will post earnings of $0.46 per share for the quarter. Wedbush also issued estimates for Navient’s Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.61 EPS and FY2019 earnings at $1.90 EPS.

NAVI has been the topic of a number of other reports. Jefferies Group reiterated a “hold” rating and issued a $14.00 price target on shares of Navient in a research report on Thursday, January 11th. BMO Capital Markets lowered their price target on Navient from $16.00 to $14.00 and set a “market perform” rating on the stock in a research report on Thursday, October 19th. Citigroup began coverage on Navient in a research report on Monday, October 16th. They issued a “buy” rating and a $20.00 price target on the stock. Credit Suisse Group lowered their price target on Navient from $16.50 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 4th. Finally, Oppenheimer began coverage on Navient in a research report on Monday, January 8th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.45.

Navient (NAVI) opened at $14.54 on Monday. Navient has a 12 month low of $11.48 and a 12 month high of $16.97. The company has a market capitalization of $3,855.76, a price-to-earnings ratio of 14.40, a P/E/G ratio of 1.28 and a beta of 2.37. The company has a debt-to-equity ratio of 30.13, a current ratio of 22.41 and a quick ratio of 33.10.

Navient (NASDAQ:NAVI) last issued its earnings results 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 business had revenue of $366.00 million during the quarter, compared to analyst estimates of $362.33 million. Navient had a return on equity of 13.90% and a net margin of 5.94%. During the same period in the prior year, the company posted $0.43 earnings per share.

Navient announced that its Board of Directors has approved a stock repurchase program on Wednesday, October 4th that allows the company to buyback outstanding shares. This buyback authorization allows the credit services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

A number of large investors have recently made changes to their positions in NAVI. Schwab Charles Investment Management Inc. grew its holdings in shares of Navient by 27.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 2,022,265 shares of the credit services provider’s stock worth $30,375,000 after purchasing an additional 436,644 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Navient by 3.4% during the third quarter. Prudential Financial Inc. now owns 5,888,964 shares of the credit services provider’s stock worth $88,452,000 after purchasing an additional 192,614 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Navient by 68.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 38,359 shares of the credit services provider’s stock worth $577,000 after purchasing an additional 15,570 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Navient during the second quarter worth $360,000. Finally, Trexquant Investment LP bought a new stake in shares of Navient during the third quarter worth $299,000. Hedge funds and other institutional investors own 92.64% 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 and Estimates for Navient (NASDAQ:NAVI)

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