$298.33 Million in Sales Expected for Navient Corp (NASDAQ:NAVI) This Quarter

Share on StockTwits

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 equities research analysts recently commented on NAVI shares. TheStreet cut Navient from a “b-” rating to a “c+” rating in a research note on Monday, October 7th. ValuEngine lowered Navient from a “sell” rating to a “strong sell” rating in a report on Friday, October 25th. BMO Capital Markets boosted their price target on Navient from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Zacks Investment Research upgraded Navient from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a report on Monday, October 28th. Finally, BidaskClub upgraded Navient from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.60.

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%.

About Navient

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.

Recommended Story: How are dividend achievers different from dividend aristocrats?

Get a free copy of the Zacks research report on Navient (NAVI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Navient (NASDAQ:NAVI)

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.