Navient Corp (NASDAQ:NAVI) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.16 per share by the credit services provider on Friday, December 20th. This represents a $0.64 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Thursday, December 5th.
NASDAQ:NAVI opened at $14.06 on Tuesday. The company has a debt-to-equity ratio of 26.07, a quick ratio of 13.16 and a current ratio of 13.16. Navient has a fifty-two week low of $8.23 and a fifty-two week high of $15.67. The firm has a market cap of $3.17 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 0.23 and a beta of 2.14. The business has a 50 day moving average price of $13.67 and a 200-day moving average price of $13.31.
Navient (NASDAQ:NAVI) last issued its earnings results on Tuesday, October 22nd. The credit services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $295.33 million. Navient had a net margin of 8.80% and a return on equity of 17.50%. During the same period in the previous year, the firm earned $0.53 earnings per share. Research analysts predict that Navient will post 2.52 EPS for the current year.
Several brokerages have recently commented on NAVI. TheStreet downgraded shares of Navient from a “b-” rating to a “c+” rating in a research note on Monday, October 7th. ValuEngine downgraded Navient from a “sell” rating to a “strong sell” rating in a report on Friday, October 25th. BidaskClub upgraded Navient from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Zacks Investment Research raised Navient from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a research report on Monday, October 28th. Finally, BMO Capital Markets increased their price objective on Navient from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $15.60.
Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.
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