Navient (NAVI) will release its results on Tuesday

Navient Inc (NASDAQ:NAVI) is expected to release earnings data after market close on Tuesday, January 25. Analysts expect Navient to post earnings of $0.81 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.

Navient Inc (NASDAQ:NAVI) last released its quarterly results on Tuesday, October 26. The credit service provider reported earnings per share (EPS) of $0.89 for the quarter, beating the Zacks consensus estimate of $0.82 by $0.07. Navient had a return on equity of 29.54% and a net margin of 25.74%. The company posted revenue of $299.00 million in the quarter, versus analyst estimates of $269.99 million. During the same period last year, the company achieved EPS of $0.99. Navient’s quarterly revenue decreased 6.9% compared to the same quarter last year. On average, analysts expect Navient to post EPS of $4 for the current fiscal year and EPS of $3 for the next fiscal year.

Shares of NAVI opened at $21.92 on Tuesday. Navient has a 52-week minimum of $10.83 and a 52-week maximum of $23.80. The company has a debt ratio of 27.66, a quick ratio of 27.93 and a current ratio of 27.93. The company has a market capitalization of $3.53 billion, a P/E ratio of 4.31 and a beta of 1.71. The stock has a 50-day moving average price of $20.92 and a 200-day moving average price of $20.94.

The company also recently declared a quarterly dividend, which was paid on Friday, December 17. Investors of record on Friday, December 3 received a dividend of $0.16 per share. This represents a dividend of $0.64 on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Thursday, December 2. Navient’s dividend payout ratio is currently 12.60%.

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A hedge fund recently increased its stake in Navient shares. Morgan Stanley increased its holdings of Navient Co. (NASDAQ:NAVI) stock by 224.3% during the 2nd quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission (SEC). The fund held 1,119,626 shares of the credit service provider after buying an additional 774,347 shares during the quarter. Morgan Stanley owned 0.67% of Navient worth $21,642,000 when it last filed with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 84.36% of the company’s shares.

A number of brokerages have recently released reports on NAVI. Barclays reduced its price target on Navient from $26.00 to $25.00 in a Monday, January 10 research note. Wedbush reaffirmed an “outperform” rating on Navient shares in a Tuesday, Nov. 2, research report. Zacks Investment Research upgraded Navient from a “sell” rating to a “hold” rating and set a target price of $21.00 for the company in a research report on Monday, November 1. Stephens downgraded Navient from an “overweight” rating to an “equal weight” rating and set a target price of $22.00 for the company. in a research report on Monday, January 3. They noted that the move was a review call. Finally, Seaport Res Ptn reaffirmed a “neutral” rating on Navient shares in a Thursday, September 30 research report. Eight equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat, Navient currently has a consensus rating of “Hold” and an average target price of $21.06.

About Navient

Navient Corp. engages in providing asset management and business processing solutions for education, healthcare and government customers at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Loans, Business Processing and Others. The Federal Education Loans segment holds FFELP loans and provides asset management and recovery services on the FFELP loan portfolio.

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Earnings history for Navient (NASDAQ:NAVI)

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