Navient (NAVI) to Release Quarterly Earnings on Wednesday

Navient (NASDAQ:NAVI) is expected to issue its results before the market opens on Wednesday, April 29th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $143.3980 million for the quarter.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, January 27th. The credit services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.29). The company had revenue of $137.00 million for the quarter, compared to analyst estimates of $144.25 million. Navient had a negative net margin of 2.47% and a positive return on equity of 4.70%. During the same period in the prior year, the company posted ($0.24) EPS. On average, analysts expect Navient to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Navient Price Performance

Shares of NAVI opened at $8.95 on Monday. The company has a 50-day simple moving average of $8.53 and a 200-day simple moving average of $10.82. The firm has a market capitalization of $841.21 million, a P/E ratio of -10.91 and a beta of 1.27. The company has a debt-to-equity ratio of 16.94, a quick ratio of 9.01 and a current ratio of 9.01. Navient has a 52 week low of $7.80 and a 52 week high of $16.07.

Navient Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Friday, March 6th. Navient’s dividend payout ratio is -78.05%.

Institutional Trading of Navient

Several large investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC bought a new stake in shares of Navient during the fourth quarter valued at approximately $232,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Navient during the fourth quarter valued at approximately $262,000. Aigen Investment Management LP grew its stake in shares of Navient by 34.4% during the fourth quarter. Aigen Investment Management LP now owns 17,371 shares of the credit services provider’s stock valued at $226,000 after purchasing an additional 4,443 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Navient by 88.7% during the third quarter. Verition Fund Management LLC now owns 20,894 shares of the credit services provider’s stock valued at $275,000 after purchasing an additional 9,819 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Navient by 59.2% during the third quarter. Franklin Resources Inc. now owns 21,560 shares of the credit services provider’s stock valued at $284,000 after purchasing an additional 8,015 shares during the last quarter. 97.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on NAVI shares. Wall Street Zen raised shares of Navient from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Navient from $15.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday, January 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Navient in a research report on Friday, March 27th. Bank of America started coverage on shares of Navient in a research report on Monday, April 20th. They issued an “underperform” rating and a $7.00 price target for the company. Finally, Barclays dropped their price target on shares of Navient from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, April 6th. Five equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, Navient presently has an average rating of “Reduce” and a consensus target price of $9.57.

About Navient

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.