Equities research analysts predict that Navient Corp (NASDAQ:NAVI) will announce earnings of $0.43 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Navient’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.39. Navient posted earnings per share of $0.36 during the same quarter last year, which would indicate a positive year over year growth rate of 19.4%. The business is expected to report its next quarterly earnings report on Tuesday, April 17th.
Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Navient.
Navient (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. Navient had a net margin of 5.94% and a return on equity of 13.90%. The firm had revenue of $366.00 million during the quarter, compared to analyst estimates of $362.33 million. During the same quarter in the prior year, the firm earned $0.43 EPS.
In related news, SVP Stephen M. Hauber sold 17,423 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $14.40, for a total transaction of $250,891.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.68% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in Navient by 207.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 247,653 shares of the credit services provider’s stock worth $3,299,000 after purchasing an additional 167,203 shares during the period. Sawtooth Solutions LLC bought a new position in Navient in the 4th quarter worth approximately $1,047,000. Canyon Capital Advisors LLC bought a new position in Navient in the 4th quarter worth approximately $203,134,000. MetLife Investment Advisors LLC bought a new position in Navient in the 4th quarter worth approximately $1,084,000. Finally, Gotham Asset Management LLC bought a new position in Navient in the 4th quarter worth approximately $154,000. Institutional investors own 97.90% of the company’s stock.
Navient (NASDAQ:NAVI) traded down $0.10 during midday trading on Wednesday, hitting $13.37. 470,522 shares of the stock traded hands, compared to its average volume of 2,855,787. Navient has a 12-month low of $11.48 and a 12-month high of $16.97. The stock has a market cap of $3,545.21, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.17 and a beta of 2.29. The company has a quick ratio of 22.35, a current ratio of 22.35 and a debt-to-equity ratio of 30.13.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.79%. Navient’s dividend payout ratio (DPR) is presently 63.37%.
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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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