Navient (NAVI) Projected to Post Earnings on Wednesday

Navient (NASDAQ:NAVI) is expected to release its results before the market opens on Wednesday, October 29th. Analysts expect Navient to post earnings of $0.21 per share and revenue of $138.25 million for the quarter.

Navient (NASDAQ:NAVI) last announced its quarterly earnings data on Monday, February 28th. The credit services provider reported $0.97 EPS for the quarter. Navient had a return on equity of 4.08% and a net margin of 0.89%.The company had revenue of $511.00 million during the quarter. 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 stock opened at $12.92 on Tuesday. The stock has a 50 day moving average of $13.03 and a two-hundred day moving average of $13.21. The company has a current ratio of 9.94, a quick ratio of 9.94 and a debt-to-equity ratio of 16.52. Navient has a 12 month low of $10.53 and a 12 month high of $16.15. The company has a market capitalization of $1.28 billion, a P/E ratio of 41.68 and a beta of 1.34.

Navient Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a $0.16 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.0%. Navient’s dividend payout ratio (DPR) is currently 206.45%.

Hedge Funds Weigh In On Navient

Institutional investors have recently bought and sold shares of the business. Public Sector Pension Investment Board raised its position in Navient by 7.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 315,497 shares of the credit services provider’s stock valued at $4,449,000 after purchasing an additional 21,640 shares during the last quarter. First Trust Advisors LP raised its position in Navient by 6.4% in the 2nd quarter. First Trust Advisors LP now owns 276,778 shares of the credit services provider’s stock valued at $3,903,000 after purchasing an additional 16,611 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Navient by 9.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,350 shares of the credit services provider’s stock valued at $2,657,000 after purchasing an additional 17,483 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in Navient by 2.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 119,586 shares of the credit services provider’s stock valued at $1,689,000 after purchasing an additional 3,003 shares during the last quarter. Finally, Sei Investments Co. raised its position in Navient by 13.1% in the 2nd quarter. Sei Investments Co. now owns 105,916 shares of the credit services provider’s stock valued at $1,493,000 after purchasing an additional 12,284 shares during the last quarter. Institutional investors own 97.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NAVI. Bank of America downgraded Navient from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a research report on Thursday, September 4th. Morgan Stanley dropped their target price on Navient from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, July 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Navient in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on Navient from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods dropped their target price on Navient from $15.00 to $14.50 and set a “market perform” rating for the company in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $13.07.

About Navient

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.