Analysts expect that Navient Corp (NASDAQ:NAVI) will report earnings of $0.43 per share for the current quarter, Zacks reports. Three analysts have made estimates for Navient’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.39. Navient reported earnings per share of $0.36 in the same quarter last year, which would indicate a positive year over year growth rate of 19.4%. The company is expected to report its next earnings report on Tuesday, April 17th.

Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Navient.

Navient (NASDAQ:NAVI) last announced its earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $366.00 million during the quarter, compared to the consensus estimate of $362.33 million. Navient had a net margin of 5.94% and a return on equity of 13.90%. During the same quarter in the prior year, the company posted $0.43 earnings per share.

Several analysts have recently commented on NAVI shares. Citigroup started coverage on shares of Navient in a report on Monday, October 16th. They issued a “buy” rating and a $20.00 target price for the company. Barclays reiterated an “overweight” rating and issued a $17.00 target price on shares of Navient in a report on Tuesday, November 14th. Zacks Investment Research downgraded shares of Navient from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. BMO Capital Markets lowered their target price on shares of Navient from $16.00 to $14.00 and set a “market perform” rating for the company in a report on Thursday, October 19th. Finally, Jefferies Group reiterated a “hold” rating and issued a $16.00 target price on shares of Navient in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.45.

Shares of Navient (NAVI) traded down $0.66 during mid-day trading on Thursday, hitting $13.38. 3,328,667 shares of the stock traded hands, compared to its average volume of 3,416,020. The stock has a market capitalization of $3,570.00, a P/E ratio of 13.25, a P/E/G ratio of 1.20 and a beta of 2.27. The company has a debt-to-equity ratio of 30.13, a quick ratio of 33.10 and a current ratio of 22.41. Navient has a 52 week low of $11.48 and a 52 week high of $16.97.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.64 annualized dividend and a yield of 4.78%. Navient’s payout ratio is currently 63.37%.

In related news, SVP Stephen M. Hauber sold 17,423 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $14.40, for a total transaction of $250,891.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.68% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of NAVI. PNC Financial Services Group Inc. grew its position in Navient by 2.1% during the second quarter. PNC Financial Services Group Inc. now owns 52,557 shares of the credit services provider’s stock valued at $875,000 after buying an additional 1,082 shares during the period. Thrivent Financial For Lutherans boosted its position in Navient by 1.0% during the second quarter. Thrivent Financial For Lutherans now owns 10,770 shares of the credit services provider’s stock worth $179,000 after purchasing an additional 110 shares during the period. Mutual of America Capital Management LLC boosted its position in Navient by 2.3% during the second quarter. Mutual of America Capital Management LLC now owns 34,022 shares of the credit services provider’s stock worth $566,000 after purchasing an additional 771 shares during the period. FMR LLC boosted its position in Navient by 23.9% during the second quarter. FMR LLC now owns 304,213 shares of the credit services provider’s stock worth $5,065,000 after purchasing an additional 58,639 shares during the period. Finally, Numeric Investors LLC boosted its position in Navient by 27.9% during the second quarter. Numeric Investors LLC now owns 26,600 shares of the credit services provider’s stock worth $443,000 after purchasing an additional 5,800 shares during the period. Institutional investors own 92.43% of the company’s stock.

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About Navient

Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).

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Earnings History and Estimates for Navient (NASDAQ:NAVI)

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