Zacks: Brokerages Anticipate Navient Corp (NAVI) to Announce $0.43 EPS

Wall Street analysts predict that Navient Corp (NASDAQ:NAVI) will report earnings of $0.43 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Navient’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.47. Navient posted earnings per share of $0.36 in the same quarter last year, which would indicate a positive year over year growth rate of 19.4%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, April 17th.

Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Navient.

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

Several research firms recently weighed in on NAVI. ValuEngine lowered Navient from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group restated a “hold” rating and set a $15.00 price target on shares of Navient in a report on Thursday, January 25th. Zacks Investment Research lowered Navient from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. UBS Group began coverage on Navient in a report on Monday, January 8th. They set a “market perform” rating on the stock. Finally, BidaskClub lowered Navient from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. Navient presently has an average rating of “Hold” and an average price target of $17.45.

In other Navient news, SVP Stephen M. Hauber sold 17,423 shares of the company’s stock in a transaction on 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 1.68% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its position in Navient by 27.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,022,265 shares of the credit services provider’s stock valued at $30,375,000 after acquiring an additional 436,644 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Navient by 3.4% during the 3rd quarter. Prudential Financial Inc. now owns 5,888,964 shares of the credit services provider’s stock worth $88,452,000 after buying an additional 192,614 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Navient by 68.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 38,359 shares of the credit services provider’s stock worth $577,000 after buying an additional 15,570 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Navient during the 2nd quarter worth $360,000. Finally, Trexquant Investment LP bought a new position in shares of Navient during the 3rd quarter worth $299,000. 92.43% of the stock is currently owned by institutional investors.

Navient (NAVI) traded down $0.66 during trading hours on Thursday, reaching $13.38. The company had a trading volume of 3,328,667 shares, compared to its average volume of 3,416,020. Navient has a one year low of $11.48 and a one year high of $16.97. The stock has a market cap of $3,570.00, a price-to-earnings ratio of 13.25, a PEG ratio of 1.20 and a beta of 2.27. The company has a quick ratio of 33.10, a current ratio of 22.41 and a debt-to-equity ratio of 30.13.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Thursday, March 1st. Navient’s dividend payout ratio (DPR) is presently 63.37%.

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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).

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Earnings History and Estimates for Navient (NASDAQ:NAVI)

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