Analysts expect Navient Co. (NASDAQ:NAVI) to report quarterly sales of $286.43 million
Wall Street brokers expect Navient Co. (NASDAQ:NAVI – Get a rating) will post sales of $286.43 million for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Navient. The lowest sales estimate is $265.00 million and the highest is $308.30 million. Navient recorded sales of $295.00 million in the same quarter last year, suggesting a negative year-over-year growth rate of 2.9%. The company is expected to release its next results on Tuesday, April 26.
According to Zacks, analysts expect Navient to post annual sales of $1.13 billion for the current year, with estimates ranging from $1.06 billion to $1.18 billion. For the next fiscal year, analysts expect the company to record sales of $1.10 billion, with estimates ranging from $999.00 million to $1.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts who provide coverage for Navient.
Navient (NASDAQ:NAVI – Get a rating) last released its results on Tuesday, January 25. The credit service provider reported ($0.43) earnings per share for the quarter, missing Thomson Reuters consensus estimate of $0.85 per ($1.28). Navient had a return on equity of 20.46% and a net margin of 20.76%. The company had revenue of $272.00 million in the quarter, versus a consensus estimate of $281.89 million. During the same period a year earlier, the company posted EPS of $0.88. The company’s revenue for the quarter was down 13.4% from the same quarter last year.
NAVI has been the subject of a number of research analyst reports. Credit Suisse Group lowered its price target on Navient shares from $20.00 to $18.00 and set a “neutral” rating on the stock in a Thursday, January 27 report. TheStreet downgraded Navient’s shares from a “b” rating to a “c+” rating in a Tuesday, January 25 report. Barclays lowered its price target on Navient shares from $26.00 to $25.00 in a Monday, January 10 report. JPMorgan Chase & Co. lowered its price target on Navient shares from $23.00 to $21.00 and set a “neutral” rating on the stock in a Thursday, January 27 report. Finally, Stephens downgraded Navient shares from an “overweight” rating to an “equally weighted” rating and set a target price of $22.00 for the stock. in a research report on Monday, January 3. They noted that the move was a review call. Eight equity research analysts gave the stock a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.78.
Shares of NASDAQ:NAVI opened at $16.63 on Friday. Navient has a 12-month low of $12.83 and a 12-month high of $23.80. The company’s 50-day moving average price is $18.77 and its two-hundred-day moving average price is $20.20. The company has a quick ratio of 27.93, a current ratio of 30.68 and a debt ratio of 28.56. The company has a market capitalization of $2.53 billion, a P/E ratio of 4.14 and a beta of 1.74.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 18. Investors of record on Friday, March 4 will receive a dividend of $0.16. The ex-dividend date is Thursday, March 3. This represents a dividend of $0.64 on an annualized basis and a dividend yield of 3.85%. Navient’s dividend payout ratio is 15.92%.
Separately, Executive Vice President Stephen M. Hauber sold 3,161 shares in a trade that took place on Thursday, February 3. The shares were sold at an average price of $17.66, for a total value of $55,823.26. The sale was disclosed in a filing with the SEC, accessible via this link. Insiders of the company hold 2.85% of the shares of the company.
Several large investors have recently changed their positions in the stock. O Shaughnessy Asset Management LLC increased its position in Navient shares by 3.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 21,043 shares of the credit service provider valued at $447,000 after acquiring an additional 619 shares during the period. Intersect Capital LLC increased its stake in Navient by 5.5% during the third quarter. Intersect Capital LLC now owns 14,281 shares of the credit service provider worth $282,000 after purchasing an additional 739 shares during the period. Full18 Capital LLC increased its stake in Navient by 1.9% during the 4th quarter. Full18 Capital LLC now owns 41,634 shares of the credit services provider worth $820,000 after purchasing an additional 787 shares during the period. Advisor Group Holdings Inc. increased its stake in Navient by 8.5% during the third quarter. Advisor Group Holdings Inc. now owns 10,344 shares of the credit service provider worth $203,000 after buying 807 additional shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Navient by 4.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 21,024 shares of the credit services provider worth $446,000 after purchasing an additional 868 shares during the period. Institutional investors and hedge funds hold 77.13% of the company’s shares.
About Navient (Get a rating)
Navient Corp. engages in providing asset management and business processing solutions for education, healthcare and government customers at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Loans, Business Processing and Others. The Federal Education Loans segment holds FFELP loans and provides asset management and recovery services on the FFELP loan portfolio.
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