Seaport Res Ptn Reduces Earnings Estimates for Navient

Navient Corporation (NASDAQ:NAVI) – Analysts at Seaport Res Ptn lowered their FY2025 earnings estimates for Navient in a note issued to investors on Monday, September 29th. Seaport Res Ptn analyst W. Ryan now forecasts that the credit services provider will earn $1.01 per share for the year, down from their prior forecast of $1.05. The consensus estimate for Navient’s current full-year earnings is $1.04 per share.

NAVI has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their target price on shares of Navient from $12.50 to $15.50 and gave the stock a “neutral” rating in a report on Friday, July 11th. Morgan Stanley reduced their target price on shares of Navient from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, July 31st. Keefe, Bruyette & Woods reduced their target price on shares of Navient from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Thursday, July 31st. Finally, Bank of America downgraded shares of Navient from a “neutral” rating to an “underperform” rating and set a $12.00 target price for the company. in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $13.06.

Navient Stock Performance

Shares of Navient stock opened at $13.15 on Tuesday. The company has a market capitalization of $1.31 billion, a PE ratio of 42.42 and a beta of 1.35. The company has a debt-to-equity ratio of 16.52, a quick ratio of 9.94 and a current ratio of 9.94. The company has a 50-day simple moving average of $13.20 and a two-hundred day simple moving average of $13.20. Navient has a one year low of $10.53 and a one year high of $16.15.

Navient (NASDAQ:NAVI) last released its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.06). Navient had a return on equity of 4.08% and a net margin of 0.89%.The business had revenue of $156.00 million during the quarter, compared to analysts’ expectations of $156.20 million. During the same period last year, the company earned $0.29 earnings per share. Navient has set its FY 2025 guidance at 0.950-1.050 EPS.

Hedge Funds Weigh In On Navient

Several hedge funds have recently modified their holdings of the stock. Orbis Allan Gray Ltd increased its holdings in shares of Navient by 23.2% during the second quarter. Orbis Allan Gray Ltd now owns 2,848,718 shares of the credit services provider’s stock valued at $40,167,000 after acquiring an additional 536,933 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Navient by 3.4% during the second quarter. American Century Companies Inc. now owns 2,021,710 shares of the credit services provider’s stock valued at $28,506,000 after acquiring an additional 66,814 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Navient by 10.9% during the first quarter. Wellington Management Group LLP now owns 1,459,166 shares of the credit services provider’s stock valued at $18,429,000 after acquiring an additional 143,325 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Navient by 32.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,439,903 shares of the credit services provider’s stock valued at $18,186,000 after buying an additional 353,898 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in Navient by 3.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 907,116 shares of the credit services provider’s stock valued at $11,457,000 after buying an additional 27,340 shares during the last quarter. Institutional investors and hedge funds own 97.14% of the company’s stock.

Navient Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, September 5th. This represents a $0.64 annualized dividend and a dividend yield of 4.9%. Navient’s dividend payout ratio is 206.45%.

Navient Company Profile

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.