Navient (NASDAQ:NAVI) Announces Earnings Results, Misses Expectations By $0.14 EPS

Navient (NASDAQ:NAVI) released its quarterly earnings results on Wednesday. The credit services provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.14), Briefing.com reports. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $157.27 million. Navient had a return on equity of 12.09% and a net margin of 3.93%. During the same quarter last year, the company earned $0.70 earnings per share.

Navient Trading Down 0.6 %

Navient stock traded down $0.09 during mid-day trading on Thursday, hitting $15.60. 1,270,737 shares of the company’s stock were exchanged, compared to its average volume of 874,635. The company’s 50 day simple moving average is $14.76 and its 200-day simple moving average is $15.92. Navient has a fifty-two week low of $13.95 and a fifty-two week high of $19.68. The firm has a market capitalization of $1.74 billion, a P/E ratio of 10.08 and a beta of 1.40. The company has a quick ratio of 12.52, a current ratio of 12.52 and a debt-to-equity ratio of 18.38.

Navient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.10%. The ex-dividend date was Friday, June 7th. Navient’s payout ratio is presently 41.03%.

Insider Buying and Selling at Navient

In other Navient news, EVP Mark L. Heleen sold 10,000 shares of Navient stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $16.00, for a total value of $160,000.00. Following the sale, the executive vice president now owns 393,611 shares of the company’s stock, valued at approximately $6,297,776. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 27.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. TD Cowen decreased their price target on Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research report on Friday, April 26th. Barclays decreased their price objective on Navient from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 9th. JPMorgan Chase & Co. decreased their price objective on Navient from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, July 8th. Finally, Keefe, Bruyette & Woods increased their price objective on Navient from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.80.

Navient Company Profile

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.