Navient (NAVI) Projected to Post Earnings on Wednesday

Navient (NASDAQ:NAVI) is projected to issue its results before the market opens on Wednesday, January 28th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $144.25 million for the quarter.

Navient (NASDAQ:NAVI) last posted its quarterly earnings results on Tuesday, October 28th. The credit services provider reported ($0.84) EPS for the quarter, missing the consensus estimate of $0.18 by ($1.02). Navient had a negative net margin of 1.48% and a positive return on equity of 4.12%. The company had revenue of $161.00 million during the quarter, compared to analyst estimates of $138.25 million. During the same period in the prior year, the business posted $1.45 EPS. On average, analysts expect Navient to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Navient Price Performance

Navient stock opened at $12.09 on Tuesday. The company has a current ratio of 9.41, a quick ratio of 9.41 and a debt-to-equity ratio of 16.98. The stock has a market cap of $1.18 billion, a P/E ratio of -22.39 and a beta of 1.29. The company has a 50-day moving average price of $12.57 and a 200 day moving average price of $12.85. Navient has a 12-month low of $10.53 and a 12-month high of $16.07.

Navient Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Friday, December 5th. Navient’s dividend payout ratio (DPR) is -118.52%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NAVI. Russell Investments Group Ltd. raised its position in shares of Navient by 77.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,766 shares of the credit services provider’s stock worth $109,000 after acquiring an additional 3,378 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Navient in the third quarter valued at approximately $143,000. Corient Private Wealth LLC raised its holdings in Navient by 6.8% during the second quarter. Corient Private Wealth LLC now owns 18,372 shares of the credit services provider’s stock worth $259,000 after purchasing an additional 1,168 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Navient by 88.7% during the 3rd quarter. Verition Fund Management LLC now owns 20,894 shares of the credit services provider’s stock worth $275,000 after buying an additional 9,819 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Navient by 59.2% in the 3rd quarter. Franklin Resources Inc. now owns 21,560 shares of the credit services provider’s stock valued at $284,000 after buying an additional 8,015 shares in the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NAVI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their target price on Navient from $15.00 to $14.50 and set a “market perform” rating for the company in a report on Wednesday, October 1st. Wall Street Zen lowered shares of Navient from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Barclays lifted their price objective on shares of Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Navient in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Navient from $14.00 to $12.50 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Four analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Strong Sell” and a consensus target price of $12.57.

About Navient

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.