Analysts expect Navient Corp (NASDAQ:NAVI) to report earnings of $0.42 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Navient’s earnings, with estimates ranging from $0.41 to $0.43. Navient posted earnings per share of $0.43 in the same quarter last year, which suggests a negative year over year growth rate of 2.3%. The business is scheduled to issue its next earnings results after the market closes on Tuesday, January 23rd.
Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Navient.
A number of brokerages have weighed in on NAVI. Jefferies Group reaffirmed a “hold” rating and issued a $14.00 target price on shares of Navient in a report on Thursday, January 11th. BMO Capital Markets reduced their target price on Navient from $16.00 to $14.00 and set a “market perform” rating on the stock in a report on Thursday, October 19th. Citigroup began coverage on Navient in a report on Monday, October 16th. They issued a “buy” rating and a $20.00 target price on the stock. Credit Suisse Group reduced their target price on Navient from $16.50 to $16.00 and set an “outperform” rating on the stock in a report on Wednesday, October 4th. Finally, Oppenheimer began coverage on Navient in a report on Monday, January 8th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $17.36.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of Navient during the 3rd quarter valued at $121,000. Advisors Asset Management Inc. boosted 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 acquiring an additional 4,642 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of Navient by 1.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 10,770 shares of the credit services provider’s stock valued at $179,000 after acquiring an additional 110 shares in the last quarter. TLP Group LLC boosted its holdings in shares of Navient by 3,174.3% during the 2nd quarter. TLP Group LLC now owns 11,100 shares of the credit services provider’s stock valued at $185,000 after acquiring an additional 10,761 shares in the last quarter. Finally, First Midwest Bank Trust Division acquired a new stake in shares of Navient during the 3rd quarter valued at $175,000. 92.64% of the stock is currently owned by institutional investors.
Shares of Navient (NASDAQ:NAVI) traded down $0.08 during mid-day trading on Monday, hitting $13.52. The company’s stock had a trading volume of 3,463,679 shares, compared to its average volume of 3,155,800. The firm has a market cap of $3,550.00, a P/E ratio of 7.43, a PEG ratio of 1.19 and a beta of 2.33. Navient has a 52-week low of $11.48 and a 52-week high of $16.97. The company has a debt-to-equity ratio of 30.58, a quick ratio of 33.10 and a current ratio of 33.10.
Navient announced that its board has authorized a stock buyback plan on Wednesday, October 4th that permits the company to buyback outstanding shares. This buyback authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
COPYRIGHT VIOLATION NOTICE: “$0.42 Earnings Per Share Expected for Navient Corp (NAVI) This Quarter” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2018/01/22/0-42-earnings-per-share-expected-for-navient-corp-navi-this-quarter.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Navient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navient and related companies with MarketBeat.com's FREE daily email newsletter.