Navient Corp (NAVI) Expected to Announce Quarterly Sales of $337.67 Million

Wall Street analysts expect that Navient Corp (NASDAQ:NAVI) will announce $337.67 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Navient’s earnings, with the lowest sales estimate coming in at $331.00 million and the highest estimate coming in at $346.00 million. Navient posted sales of $340.00 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.7%. The firm is expected to report its next quarterly earnings results on Tuesday, April 17th.

On average, analysts expect that Navient will report full year sales of $337.67 million for the current fiscal year, with estimates ranging from $1.29 billion to $1.33 billion. For the next fiscal year, analysts expect that the company will post sales of $1.22 billion per share, with estimates ranging from $1.18 billion to $1.29 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Navient.

Navient (NASDAQ:NAVI) last announced its earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. Navient had a net margin of 5.94% and a return on equity of 13.90%. The firm had revenue of $366.00 million for the quarter, compared to the consensus estimate of $362.33 million. During the same period last year, the company posted $0.43 EPS.

A number of equities analysts have commented on NAVI shares. Zacks Investment Research raised shares of Navient from a “strong sell” rating to a “hold” rating in a research report on Monday, October 23rd. JPMorgan Chase & Co. downgraded Navient from a “neutral” rating to an “underweight” rating in a research note on Friday, January 12th. Barclays reaffirmed an “overweight” rating and issued a $17.00 price target on shares of Navient in a research note on Tuesday, November 14th. Oppenheimer started coverage on Navient in a research note on Monday, January 8th. They set a “hold” rating for the company. Finally, BMO Capital Markets lowered their target price on Navient from $16.00 to $14.00 and set a “market perform” rating for the company in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $17.45.

Shares of Navient (NAVI) opened at $13.46 on Friday. The stock has a market cap of $3,520.00, a P/E ratio of 13.33, a PEG ratio of 1.22 and a beta of 2.27. Navient has a fifty-two week low of $11.48 and a fifty-two week high of $16.97. The company has a quick ratio of 33.10, a current ratio of 22.41 and a debt-to-equity ratio of 30.13.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.75%. Navient’s dividend payout ratio (DPR) is presently 63.37%.

In related news, SVP Stephen M. Hauber sold 17,423 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $14.40, for a total transaction of $250,891.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.68% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. increased its stake in shares of Navient by 3.4% during the third quarter. Prudential Financial Inc. now owns 5,888,964 shares of the credit services provider’s stock valued at $88,452,000 after buying an additional 192,614 shares during the period. Alps Advisors Inc. raised its stake in shares of Navient by 13.8% in the fourth quarter. Alps Advisors Inc. now owns 3,816,609 shares of the credit services provider’s stock worth $50,837,000 after purchasing an additional 463,382 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Navient in the fourth quarter worth $46,993,000. Schwab Charles Investment Management Inc. raised its stake in shares of Navient by 2.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,075,762 shares of the credit services provider’s stock worth $27,650,000 after purchasing an additional 53,497 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Navient by 56.4% during the fourth quarter. Bank of Montreal Can now owns 2,021,051 shares of the credit services provider’s stock valued at $26,921,000 after acquiring an additional 729,149 shares during the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

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About Navient

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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Earnings History and Estimates for Navient (NASDAQ:NAVI)

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