Navient (NASDAQ:NAVI – Get Free Report) is expected to issue its results before the market opens on Thursday, August 6th. Analysts expect Navient to post earnings of $0.18 per share and revenue of $142.8950 million for the quarter.
Navient Stock Up 5.2%
NAVI stock opened at $8.83 on Tuesday. The company has a fifty day simple moving average of $8.31 and a 200 day simple moving average of $8.84. The company has a current ratio of 7.67, a quick ratio of 7.67 and a debt-to-equity ratio of 16.49. Navient has a 1 year low of $7.33 and a 1 year high of $13.87. The firm has a market cap of $829.93 million, a PE ratio of -14.02 and a beta of 1.18.
Navient Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 5th were paid a $0.16 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.64 dividend on an annualized basis and a yield of 7.2%. Navient’s dividend payout ratio (DPR) is presently -101.59%.
Institutional Trading of Navient
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Navient from $9.50 to $8.00 and set a “neutral” rating on the stock in a report on Monday, July 13th. TD Cowen lowered their price target on Navient from $9.00 to $8.50 and set a “sell” rating on the stock in a research report on Tuesday, July 7th. Bank of America began coverage on Navient in a research note on Monday, April 20th. They issued an “underperform” rating and a $7.00 price objective on the stock. Morgan Stanley cut their price objective on Navient from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Finally, Barclays increased their target price on Navient from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Navient presently has a consensus rating of “Reduce” and an average price target of $9.14.
Read Our Latest Stock Analysis on Navient
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.
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