Q1 2018 EPS Estimates for Navient Corp (NAVI) Reduced by Analyst

Navient Corp (NASDAQ:NAVI) – Jefferies Group decreased their Q1 2018 earnings per share (EPS) estimates for Navient in a research note issued to investors on Thursday. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will post earnings per share of $0.39 for the quarter, down from their prior forecast of $0.52. Jefferies Group has a “Hold” rating and a $15.00 price objective on the stock.

A number of other brokerages have also recently issued reports on NAVI. Zacks Investment Research cut Navient from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Barclays reaffirmed an “overweight” rating and set a $17.00 target price on shares of Navient in a research report on Tuesday, November 14th. ValuEngine raised Navient from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. UBS Group started coverage on Navient in a research report on Monday, January 8th. They set a “market perform” rating for the company. Finally, BidaskClub cut Navient from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $17.45.

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

Navient (NASDAQ:NAVI) last released its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Navient had a return on equity of 13.90% and a net margin of 5.94%. The firm had revenue of $366.00 million for the quarter, compared to the consensus estimate of $362.33 million. During the same quarter in the prior year, the company posted $0.43 earnings per share.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Thrivent Financial For Lutherans boosted its position in shares of Navient by 1.0% in the second quarter. Thrivent Financial For Lutherans now owns 10,770 shares of the credit services provider’s stock valued at $179,000 after acquiring an additional 110 shares during the period. Advisor Group Inc. boosted its position in shares of Navient by 1.2% in the second quarter. Advisor Group Inc. now owns 37,355 shares of the credit services provider’s stock valued at $621,000 after acquiring an additional 440 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Navient by 2.3% in the second quarter. Mutual of America Capital Management LLC now owns 34,022 shares of the credit services provider’s stock valued at $566,000 after acquiring an additional 771 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Navient by 2.1% in the second quarter. PNC Financial Services Group Inc. now owns 52,557 shares of the credit services provider’s stock valued at $875,000 after acquiring an additional 1,082 shares during the period. Finally, Signet Financial Management LLC boosted its position in shares of Navient by 4.3% in the second quarter. Signet Financial Management LLC now owns 76,967 shares of the credit services provider’s stock valued at $1,282,000 after acquiring an additional 3,141 shares during the period. 92.64% of the stock is owned by institutional investors.

Navient announced that its board has authorized a stock repurchase plan on Wednesday, October 4th that allows the company to repurchase shares. This repurchase authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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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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