Wall Street analysts expect Navient Corp (NASDAQ:NAVI) to post $0.43 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navient’s earnings, with estimates ranging from $0.39 to $0.47. Navient reported earnings per share of $0.36 in the same quarter last year, which indicates a positive year over year growth rate of 19.4%. The company is scheduled to report its next earnings results on Tuesday, April 17th.

Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Navient.

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Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. Navient had a net margin of 5.94% and a return on equity of 13.90%. The business had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $362.33 million. During the same quarter in the previous year, the company earned $0.43 EPS.

Several analysts have weighed in on NAVI shares. BidaskClub cut shares of Navient from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. UBS started coverage on shares of Navient in a research note on Monday, January 8th. They issued a “market perform” rating for the company. Zacks Investment Research cut shares of Navient from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. JPMorgan Chase & Co. cut shares of Navient from a “neutral” rating to an “underweight” rating in a research note on Friday, January 12th. Finally, Oppenheimer started coverage on shares of Navient in a research note on Monday, January 8th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.45.

Shares of Navient (NASDAQ NAVI) traded down $0.19 during trading on Wednesday, reaching $13.32. 636,259 shares of the company’s stock traded hands, compared to its average volume of 2,874,584. Navient has a twelve month low of $11.48 and a twelve month high of $16.97. The company has a quick ratio of 22.35, a current ratio of 22.35 and a debt-to-equity ratio of 30.13. The firm has a market cap of $3,558.38, a PE ratio of 7.63, a price-to-earnings-growth ratio of 1.18 and a beta of 2.29.

The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 2nd were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Thursday, March 1st. Navient’s payout ratio is presently 63.37%.

In other news, SVP Stephen M. Hauber sold 17,423 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $14.40, for a total value of $250,891.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.68% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Advisor Group Inc. raised its position in shares of Navient by 9.7% in the 4th quarter. Advisor Group Inc. now owns 42,905 shares of the credit services provider’s stock valued at $571,000 after buying an additional 3,776 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI grew its holdings in shares of Navient by 31.3% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 17,989 shares of the credit services provider’s stock valued at $240,000 after purchasing an additional 4,289 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Navient by 0.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 592,542 shares of the credit services provider’s stock valued at $8,900,000 after purchasing an additional 4,290 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Navient by 6.8% during the 3rd quarter. Nordea Investment Management AB now owns 70,598 shares of the credit services provider’s stock valued at $1,060,000 after purchasing an additional 4,476 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Navient by 84.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock valued at $153,000 after purchasing an additional 4,642 shares during the last quarter. Institutional investors own 97.87% of the company’s stock.

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Navient Company Profile

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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