Navient Co. (NASDAQ:NAVI) to Issue Quarterly Dividend of $0.16

Navient Co. (NASDAQ:NAVI) declared a quarterly dividend on Friday, February 21st, RTT News reports. Shareholders of record on Wednesday, May 7th will be given a dividend of 0.16 per share by the credit services provider on Friday, March 21st. This represents a $0.64 dividend on an annualized basis and a yield of 4.56%.

Navient has a dividend payout ratio of 45.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Navient to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 45.4%.

Navient Trading Down 0.4 %

NAVI stock traded down $0.05 during mid-day trading on Friday, reaching $14.02. 650,573 shares of the stock traded hands, compared to its average volume of 831,867. The company has a debt-to-equity ratio of 16.35, a quick ratio of 9.49 and a current ratio of 9.48. Navient has a one year low of $12.73 and a one year high of $17.56. The stock has a market capitalization of $1.51 billion, a PE ratio of 12.09 and a beta of 1.43. The business has a 50-day moving average price of $13.76 and a two-hundred day moving average price of $14.80.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Navient had a net margin of 2.96% and a return on equity of 6.69%. Equities research analysts expect that Navient will post 1.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Bank of America reduced their target price on shares of Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. StockNews.com downgraded shares of Navient from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Seaport Res Ptn upgraded Navient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their target price on Navient from $15.00 to $13.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Finally, TD Cowen decreased 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, November 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Navient currently has a consensus rating of “Hold” and a consensus price target of $13.90.

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.