Analysts predict that Navient Corp (NASDAQ:NAVI) will post $337.67 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Navient’s earnings, with estimates ranging from $331.00 million to $346.00 million. Navient posted sales of $340.00 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.7%. The business is scheduled to issue its next earnings results on Tuesday, April 17th.
On average, analysts expect that Navient will report full year sales of $337.67 million for the current financial year, with estimates ranging from $1.29 billion to $1.33 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.22 billion per share, with estimates ranging from $1.18 billion to $1.29 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Navient.
Navient (NASDAQ:NAVI) last released its quarterly earnings results on Tuesday, January 23rd. The credit services provider reported $0.43 earnings per share 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 business had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $362.33 million. During the same period in the previous year, the company earned $0.43 earnings per share.
Navient stock traded up $0.12 during trading on Friday, reaching $13.43. 1,277,207 shares of the company traded hands, compared to its average volume of 2,844,131. Navient has a 1-year low of $11.48 and a 1-year high of $16.97. The stock has a market capitalization of $3,547.84, a PE ratio of 13.30, a PEG ratio of 1.17 and a beta of 2.29. The company has a current ratio of 22.35, a quick ratio of 22.35 and a debt-to-equity ratio of 30.13.
The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend was Thursday, March 1st. Navient’s payout ratio is 63.37%.
In related news, SVP Stephen M. Hauber sold 17,423 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were 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 can be accessed through this hyperlink. 1.68% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. lifted its stake in shares of Navient by 9.7% during the 4th quarter. Advisor Group Inc. now owns 42,905 shares of the credit services provider’s stock valued at $571,000 after buying an additional 3,776 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in shares of Navient by 31.3% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 17,989 shares of the credit services provider’s stock valued at $240,000 after buying an additional 4,289 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Navient by 0.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 592,542 shares of the credit services provider’s stock valued at $8,900,000 after buying an additional 4,290 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Navient by 6.8% during the 3rd quarter. Nordea Investment Management AB now owns 70,598 shares of the credit services provider’s stock valued at $1,060,000 after buying an additional 4,476 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Navient by 84.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 10,168 shares of the credit services provider’s stock valued at $153,000 after buying an additional 4,642 shares in the last quarter. Institutional investors own 97.87% of the company’s stock.
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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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