Press coverage about Navient Corporation (NASDAQ:NAVI) has trended somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Navient Corporation earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the credit services provider an impact score of 46.3402659583841 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- $340.67 Million in Sales Expected for Navient Corporation (NASDAQ:NAVI) This Quarter (americanbankingnews.com)
- Navient Corporation (NAVI) Announces $0.16 Quarterly Dividend (americanbankingnews.com)
- Navient declares third quarter common stock dividend (finance.yahoo.com)
- $0.50 EPS Expected for Navient Corporation (NASDAQ:NAVI) This Quarter (americanbankingnews.com)
- Norges Bank Sold A Little More Navient Corporation (NAVI) Stock Last Quarter – First News 24 (firstnewspaper24.com)
Shares of Navient Corporation (NAVI) opened at 13.68 on Friday. Navient Corporation has a 12-month low of $12.66 and a 12-month high of $17.95. The company’s 50 day moving average price is $15.48 and its 200-day moving average price is $15.10. The firm has a market cap of $3.75 billion, a P/E ratio of 7.09 and a beta of 2.43.
Navient Corporation (NASDAQ:NAVI) last issued its quarterly earnings data on Tuesday, July 18th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The firm had revenue of $343 million during the quarter, compared to analysts’ expectations of $331.67 million. Navient Corporation had a return on equity of 14.05% and a net margin of 11.50%. Navient Corporation’s revenue was down 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share. On average, equities research analysts anticipate that Navient Corporation will post $1.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.68%. Navient Corporation’s dividend payout ratio (DPR) is 33.68%.
Several analysts recently weighed in on the company. BidaskClub downgraded Navient Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $16.00 target price on shares of Navient Corporation in a research note on Friday, July 21st. BMO Capital Markets reiterated a “hold” rating and issued a $16.00 target price (down previously from $17.00) on shares of Navient Corporation in a research note on Thursday, July 20th. Zacks Investment Research lowered Navient Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $20.00 target price on shares of Navient Corporation in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.55.
Navient Corporation Company Profile
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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