Q2 2022 EPS Estimates for Navient Co. Boosted by Analyst (NASDAQ:NAVI)

Navient Co. (NASDAQ:NAVIGet Rating) – Analysts at Jefferies Financial Group raised their Q2 2022 EPS estimates for Navient in a research report issued on Wednesday, April 27th. Jefferies Financial Group analyst J. Hecht now expects that the credit services provider will post earnings of $0.76 per share for the quarter, up from their previous forecast of $0.74. Jefferies Financial Group also issued estimates for Navient’s Q1 2023 earnings at $0.79 EPS, Q2 2023 earnings at $0.64 EPS and Q3 2023 earnings at $0.90 EPS.

Navient (NASDAQ:NAVIGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.13. Navient had a return on equity of 20.46% and a net margin of 20.76%. The company had revenue of $276.00 million during the quarter, compared to the consensus estimate of $258.20 million. During the same quarter in the prior year, the firm posted $1.71 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year.

Other analysts have also recently issued research reports about the stock. Stephens cut shares of Navient from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective on the stock. in a research note on Monday, January 3rd. They noted that the move was a valuation call. JPMorgan Chase & Co. cut Navient from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $21.00 to $17.00 in a research note on Monday, April 11th. Barclays cut their price objective on Navient from $26.00 to $25.00 in a research note on Monday, January 10th. TheStreet downgraded shares of Navient from a “b” rating to a “c+” rating in a research report on Tuesday, January 25th. Finally, Compass Point downgraded shares of Navient from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Thursday, March 31st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Navient has an average rating of “Hold” and an average target price of $21.00.

Shares of NASDAQ NAVI opened at $16.48 on Friday. The firm has a 50 day moving average price of $16.99 and a two-hundred day moving average price of $18.97. The stock has a market cap of $2.44 billion, a P/E ratio of 4.10 and a beta of 1.72. Navient has a 52-week low of $15.75 and a 52-week high of $23.80. The company has a debt-to-equity ratio of 28.56, a quick ratio of 30.68 and a current ratio of 30.68.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, March 4th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend was Thursday, March 3rd. Navient’s dividend payout ratio is 15.92%.

In related news, major shareholder Newbury Investors Llc bought 315,408 shares of the company’s stock in a transaction on Thursday, March 31st. The shares were purchased at an average cost of $17.13 per share, for a total transaction of $5,402,939.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen M. Hauber sold 3,161 shares of the firm’s stock in a transaction that occurred on Thursday, February 3rd. The stock was sold at an average price of $17.66, for a total transaction of $55,823.26. The disclosure for this sale can be found here. Corporate insiders own 2.85% of the company’s stock.

Several large investors have recently added to or reduced their stakes in NAVI. Spire Wealth Management purchased a new position in shares of Navient during the fourth quarter worth about $29,000. Whittier Trust Co. lifted its position in Navient by 600.0% during the fourth quarter. Whittier Trust Co. now owns 2,625 shares of the credit services provider’s stock valued at $56,000 after purchasing an additional 2,250 shares during the last quarter. Covestor Ltd purchased a new position in Navient in the 4th quarter worth approximately $57,000. Meeder Asset Management Inc. grew its stake in Navient by 26.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,338 shares of the credit services provider’s stock worth $105,000 after buying an additional 1,126 shares in the last quarter. Finally, USA Financial Portformulas Corp bought a new stake in shares of Navient during the 3rd quarter worth $139,000. 77.13% of the stock is currently owned by hedge funds and other institutional investors.

About Navient (Get Rating)

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 through three segments: Federal Education Loans, Consumer Lending, and Business Processing.

See Also

Earnings History and Estimates for Navient (NASDAQ:NAVI)

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