Navient (NAVI) Projected to Announce Quarterly Earnings on Wednesday

Navient (NASDAQ:NAVI) is expected to release its results after the market closes on Wednesday, November 4th. Analysts expect Navient to announce earnings of $0.0897 per share and revenue of $144.92 million for the quarter.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Thursday, August 6th. The credit services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.20 by $0.09. The business had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $142.87 million. Navient had a negative net margin of 1.64% and a positive return on equity of 4.68%. During the same period in the previous year, the firm posted $0.20 EPS. On average, analysts expect Navient to post $0.83 EPS for the current fiscal year and $0.99 EPS for the next fiscal year.

Navient Price Performance

Shares of NASDAQ NAVI opened at $9.00 on Tuesday. The company has a fifty day moving average price of $9.23 and a 200 day moving average price of $8.94. The firm has a market cap of $844.02 million, a PE ratio of 6.96 and a beta of 1.15. The company has a current ratio of 10.53, a quick ratio of 10.53 and a debt-to-equity ratio of 16.73. Navient has a 1-year low of $7.33 and a 1-year high of $13.48.

Navient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were issued 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 was Friday, September 4th. Navient’s payout ratio is -128.00%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NAVI. Zacks Research raised Navient from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Navient in a research report on Monday, September 21st. TD Cowen restated a “sell” rating on shares of Navient in a research note on Friday, August 7th. JPMorgan Chase & Co. boosted their target price on Navient from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Monday, October 12th. Finally, Barclays reduced their price target on Navient from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $8.17.

About Navient

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.