Brokerages predict that Navient Corp (NASDAQ:NAVI) will report sales of $298.33 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Navient’s earnings. The lowest sales estimate is $285.00 million and the highest is $305.00 million. Navient reported sales of $307.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 2.8%. The business is scheduled to announce its next earnings report on Tuesday, January 28th.
According to Zacks, analysts expect that Navient will report full-year sales of $1.20 billion for the current financial year, with estimates ranging from $1.18 billion to $1.22 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.11 billion, with estimates ranging from $1.09 billion to $1.12 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Navient.
Navient (NASDAQ:NAVI) last released its earnings results on Tuesday, October 22nd. The credit services provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.05. Navient had a return on equity of 17.50% and a net margin of 8.80%. The company had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $295.33 million. During the same period last year, the firm earned $0.53 EPS.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Boston Partners increased its stake in Navient by 2.2% in the second quarter. Boston Partners now owns 11,002,631 shares of the credit services provider’s stock valued at $150,080,000 after purchasing an additional 233,256 shares during the last quarter. LSV Asset Management grew its holdings in Navient by 3.2% during the 2nd quarter. LSV Asset Management now owns 7,099,398 shares of the credit services provider’s stock worth $96,906,000 after acquiring an additional 218,576 shares during the period. Prudential Financial Inc. grew its holdings in Navient by 12.4% during the 2nd quarter. Prudential Financial Inc. now owns 4,265,722 shares of the credit services provider’s stock worth $58,228,000 after acquiring an additional 469,089 shares during the period. Invesco Ltd. grew its holdings in Navient by 63.1% during the 2nd quarter. Invesco Ltd. now owns 4,056,341 shares of the credit services provider’s stock worth $55,369,000 after acquiring an additional 1,569,552 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Navient by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,832,530 shares of the credit services provider’s stock worth $52,314,000 after acquiring an additional 94,728 shares during the period. Institutional investors and hedge funds own 98.39% of the company’s stock.
Shares of Navient stock traded up $0.07 during trading on Tuesday, reaching $14.35. 651,368 shares of the company were exchanged, compared to its average volume of 1,224,676. The company has a quick ratio of 13.16, a current ratio of 13.16 and a debt-to-equity ratio of 26.07. Navient has a twelve month low of $8.23 and a twelve month high of $15.67. The business has a 50-day moving average price of $13.52 and a 200-day moving average price of $13.30. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 6.87, a P/E/G ratio of 0.23 and a beta of 2.15.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.46%. Navient’s dividend payout ratio (DPR) is 30.62%.
Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.
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