Analysts Anticipate Navient Corp (NASDAQ:NAVI) Will Announce Earnings of $0.52 Per Share
Wall Street brokerages forecast that Navient Corp (NASDAQ:NAVI) will report earnings of $0.52 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Navient’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.49. Navient reported earnings of $0.49 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, July 23rd.
Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Navient.
Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Tuesday, April 23rd. The credit services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.12. Navient had a return on equity of 15.10% and a net margin of 6.99%. The business had revenue of $285.00 million during the quarter, compared to analysts’ expectations of $304.67 million. During the same quarter in the previous year, the firm earned $0.43 EPS.
In other Navient news, EVP Stephen M. Hauber sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $13.63, for a total value of $122,670.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.85% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in NAVI. Bessemer Group Inc. grew its stake in shares of Navient by 165.5% in the 4th quarter. Bessemer Group Inc. now owns 5,437 shares of the credit services provider’s stock valued at $48,000 after purchasing an additional 3,389 shares during the period. Thor Advisors LLC bought a new stake in shares of Navient in the 1st quarter valued at approximately $67,000. Jane Street Group LLC bought a new stake in shares of Navient in the 4th quarter valued at approximately $93,000. OLD Mission Capital LLC bought a new stake in shares of Navient in the 4th quarter valued at approximately $103,000. Finally, Caxton Associates LP bought a new stake in shares of Navient in the 4th quarter valued at approximately $116,000. Institutional investors own 94.09% of the company’s stock.
Shares of NASDAQ NAVI traded down $0.26 during trading hours on Wednesday, hitting $13.37. 31,027 shares of the company’s stock were exchanged, compared to its average volume of 1,790,093. Navient has a 1-year low of $8.23 and a 1-year high of $14.48. The company has a debt-to-equity ratio of 25.60, a current ratio of 12.43 and a quick ratio of 12.43. The stock has a market cap of $3.26 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 2.13 and a beta of 2.12. The firm has a 50-day moving average of $13.36.
The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.16 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.64 annualized dividend and a yield of 4.79%. Navient’s dividend payout ratio (DPR) is 30.62%.
Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.
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