Navient (NASDAQ:NAVI) Posts Earnings Results

Navient (NASDAQ:NAVI) announced its earnings results on Wednesday. The credit services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.14), Briefing.com reports. Navient had a net margin of 3.41% and a return on equity of 11.06%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $157.27 million. During the same period in the previous year, the company earned $0.70 earnings per share.

Navient Price Performance

NAVI stock traded up $0.39 during trading hours on Friday, hitting $15.99. 439,281 shares of the stock traded hands, compared to its average volume of 871,335. The stock has a 50-day simple moving average of $14.76 and a 200 day simple moving average of $15.92. Navient has a one year low of $13.95 and a one year high of $19.68. The company has a market cap of $1.79 billion, a P/E ratio of 10.00 and a beta of 1.40. The company has a current ratio of 9.99, a quick ratio of 12.52 and a debt-to-equity ratio of 17.30.

Navient Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.64 annualized dividend and a yield of 4.00%. Navient’s dividend payout ratio is currently 41.03%.

Analyst Upgrades and Downgrades

NAVI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Navient from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Monday, July 8th. Keefe, Bruyette & Woods upped their price target on Navient from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Thursday. Barclays dropped their price target on Navient from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 9th. Finally, TD Cowen dropped their target price on Navient from $14.00 to $13.00 and set a “sell” rating on the stock in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.80.

Insider Activity at Navient

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

About Navient

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.