Navient Corp. (NAVI) to Release Earnings on Tuesday
Navient Corp. (NASDAQ:NAVI) is set to release its earnings data after the market closes on Tuesday, October 18th. Analysts expect Navient Corp. to post earnings of $0.48 per share for the quarter.
Navient Corp. (NASDAQ:NAVI) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. Navient Corp. had a net margin of 16.75% and a return on equity of 16.77%. On average, analysts expect Navient Corp. to post $1.88 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.
Navient Corp. (NASDAQ:NAVI) opened at 13.91 on Friday. The company has a 50-day moving average of $14.19 and a 200-day moving average of $13.37. The company has a market cap of $4.41 billion, a P/E ratio of 5.91 and a beta of 2.31. Navient Corp. has a 52 week low of $8.20 and a 52 week high of $14.92.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 4.60%. Navient Corp.’s dividend payout ratio (DPR) is 27.47%.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Navient Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. Goldman Sachs Group Inc. cut shares of Navient Corp. from a “buy” rating to a “neutral” rating and set a $15.00 price target for the company. in a research note on Wednesday, July 20th. Finally, BMO Capital Markets set a $17.00 price target on shares of Navient Corp. and gave the company a “hold” rating in a research note on Thursday, July 21st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $15.57.
In other Navient Corp. news, Director Bates Ann Torre sold 9,000 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $14.23, for a total transaction of $128,070.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William M. Diefenderfer III sold 16,300 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $14.20, for a total transaction of $231,460.00. Following the sale, the director now owns 88,737 shares in the company, valued at $1,260,065.40. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in NAVI. Thrivent Financial for Lutherans acquired a new stake in Navient Corp. during the second quarter worth about $121,000. Highbridge Capital Management LLC acquired a new stake in Navient Corp. during the second quarter worth about $178,000. Stevens Capital Management LP acquired a new stake in Navient Corp. during the second quarter worth about $187,000. Pacer Advisors Inc. raised its stake in Navient Corp. by 460.7% in the second quarter. Pacer Advisors Inc. now owns 28,368 shares of the company’s stock worth $339,000 after buying an additional 23,309 shares during the period. Finally, Advisor Group Inc. acquired a new stake in Navient Corp. during the second quarter worth about $370,000. Institutional investors own 95.21% of the company’s stock.
Navient Corp. Company Profile
Navient Corporation is a loan management, servicing and asset recovery company. The Company holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies.
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