Navient (NASDAQ:NAVI) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Navient (NASDAQ:NAVI) issued its earnings results on Wednesday. The credit services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10), Zacks reports. Navient had a negative net margin of 1.64% and a positive return on equity of 4.68%.

Navient Trading Up 9.8%

NASDAQ NAVI traded up $0.81 during trading on Wednesday, reaching $9.07. 1,713,853 shares of the stock traded hands, compared to its average volume of 1,167,260. The firm has a market cap of $850.58 million, a price-to-earnings ratio of -18.14 and a beta of 1.17. The stock’s 50-day moving average price is $9.21 and its 200 day moving average price is $8.92. The company has a quick ratio of 10.53, a current ratio of 10.53 and a debt-to-equity ratio of 16.73. Navient has a fifty-two week low of $7.33 and a fifty-two week high of $13.48.

Navient Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.64 annualized dividend and a yield of 7.1%. Navient’s dividend payout ratio (DPR) is presently -128.00%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen restated a “sell” rating on shares of Navient in a report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Navient in a report on Monday, September 21st. Zacks Research upgraded shares of Navient from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Barclays dropped their target price on shares of Navient from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, October 5th. Finally, JPMorgan Chase & Co. raised their price target on Navient from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $8.17.

Navient Company Profile

Navient Corp. (NASDAQ:NAVI) is a financial services company that provides education finance and business-processing solutions. The company has historically serviced and managed federal and private student loans, helping borrowers with account administration, repayment processing, customer support and related loan-management services.

Navient’s operations have evolved as the company reduced its role in servicing federally owned student loans. In 2021, it transferred its federal student loan servicing portfolio to Aidvantage, a division of Maximus.