Navient (NASDAQ:NAVI) Releases Quarterly Earnings Results

Navient (NASDAQ:NAVI) released its quarterly earnings results on Wednesday. The credit services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10), Zacks reports. Navient had a positive return on equity of 4.68% and a negative net margin of 1.64%.

Navient Stock Up 9.8%

NAVI traded up $0.81 during trading hours on Wednesday, hitting $9.07. 1,713,853 shares of the company’s stock were exchanged, compared to its average volume of 1,167,260. Navient has a 1-year low of $7.33 and a 1-year high of $13.48. The stock’s 50-day moving average is $9.21 and its two-hundred day moving average is $8.92. The stock has a market cap of $850.58 million, a price-to-earnings ratio of -18.14 and a beta of 1.17. The company has a quick ratio of 10.53, a current ratio of 10.53 and a debt-to-equity ratio of 16.73.

Navient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, September 4th. Navient’s payout ratio is currently -128.00%.

Wall Street Analyst Weigh In

NAVI has been the subject of several research analyst reports. Zacks Research upgraded Navient from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Navient in a research note on Monday, September 21st. Barclays lowered their target price on Navient from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, October 5th. JPMorgan Chase & Co. lifted their price target on Navient from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Monday, October 12th. Finally, TD Cowen restated a “sell” rating on shares of Navient in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $8.17.

Navient Company Profile

Navient Corp. (NASDAQ:NAVI) is a financial services company that provides education finance and business-processing solutions. The company has historically serviced and managed federal and private student loans, helping borrowers with account administration, repayment processing, customer support and related loan-management services.

Navient’s operations have evolved as the company reduced its role in servicing federally owned student loans. In 2021, it transferred its federal student loan servicing portfolio to Aidvantage, a division of Maximus.