Navient Corporation (NASDAQ:NAVI) – Analysts at DA Davidson lifted their Q3 2017 earnings estimates for Navient Corporation in a research report issued to clients and investors on Thursday. DA Davidson analyst A. Cyganovich now expects that the credit services provider will earn $0.52 per share for the quarter, up from their previous estimate of $0.50. DA Davidson also issued estimates for Navient Corporation’s Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.73 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.50 EPS and FY2018 earnings at $1.85 EPS.
Navient Corporation (NASDAQ:NAVI) last posted its quarterly earnings results on Tuesday, July 18th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Navient Corporation had a net margin of 11.50% and a return on equity of 14.05%. The firm had revenue of $343 million during the quarter, compared to analyst estimates of $331.67 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. The company’s quarterly revenue was down 15.9% compared to the same quarter last year.
NAVI has been the subject of a number of other research reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $20.00 price objective on shares of Navient Corporation in a report on Friday, July 14th. BidaskClub raised shares of Navient Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC reissued a “buy” rating on shares of Navient Corporation in a report on Monday, June 12th. Zacks Investment Research raised shares of Navient Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Wednesday, April 5th. Finally, Barclays PLC set a $20.00 price objective on shares of Navient Corporation and gave the company a “buy” rating in a report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $18.55.
Navient Corporation (NASDAQ NAVI) opened at 14.95 on Friday. The company has a 50-day moving average of $15.86 and a 200 day moving average of $15.31. Navient Corporation has a 52-week low of $12.66 and a 52-week high of $17.95. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 7.86 and a beta of 2.48.
Institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its position in shares of Navient Corporation by 0.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,420 shares of the credit services provider’s stock valued at $171,000 after buying an additional 90 shares during the last quarter. Ledyard National Bank purchased a new position in shares of Navient Corporation during the first quarter valued at approximately $202,000. Oxford Asset Management purchased a new position in shares of Navient Corporation during the first quarter valued at approximately $1,527,000. BB&T Securities LLC boosted its position in shares of Navient Corporation by 83.1% in the first quarter. BB&T Securities LLC now owns 76,851 shares of the credit services provider’s stock valued at $1,134,000 after buying an additional 34,874 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Navient Corporation by 11.0% in the first quarter. Pacer Advisors Inc. now owns 35,582 shares of the credit services provider’s stock valued at $525,000 after buying an additional 3,522 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.
In other Navient Corporation news, Director Gilleland Diane Suitt sold 5,467 shares of the business’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $15.89, for a total value of $86,870.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.68% of the company’s stock.
About Navient Corporation
Navient Corporation provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds the portfolio of education loans insured or federally guaranteed under the Federal Family Education Loan Program (FFELP).
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