Navient Co. (NASDAQ:NAVI - Free Report) - Seaport Res Ptn issued their FY2025 earnings per share estimates for Navient in a report released on Thursday, November 7th. Seaport Res Ptn analyst W. Ryan expects that the credit services provider will post earnings of $1.35 per share for the year. The consensus estimate for Navient's current full-year earnings is $2.14 per share.
NAVI has been the topic of several other research reports. JPMorgan Chase & Co. upped their price target on Navient from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, October 7th. Barclays upped their price target on Navient from $10.00 to $11.00 and gave the company an "underweight" rating in a research note on Tuesday, October 8th. TD Cowen decreased their price target on Navient from $14.00 to $13.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. StockNews.com raised Navient from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Finally, Bank of America initiated coverage on Navient in a research note on Monday, September 30th. They set a "neutral" rating and a $17.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $15.75.
Read Our Latest Stock Analysis on Navient
Navient Trading Up 2.0 %
NASDAQ:NAVI traded up $0.30 during trading hours on Monday, hitting $15.38. The company had a trading volume of 713,195 shares, compared to its average volume of 790,122. Navient has a 1 year low of $13.71 and a 1 year high of $19.68. The company has a 50-day moving average of $15.43 and a 200 day moving average of $15.23. The company has a market cap of $1.65 billion, a P/E ratio of 21.86 and a beta of 1.39. The company has a current ratio of 9.49, a quick ratio of 9.49 and a debt-to-equity ratio of 16.59.
Navient (NASDAQ:NAVI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The credit services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $1.20. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $150.04 million. Navient had a return on equity of 8.62% and a net margin of 1.71%. During the same period in the prior year, the business earned $0.84 EPS.
Navient Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a dividend of $0.16 per share. The ex-dividend date was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.16%. Navient's payout ratio is 92.75%.
Insiders Place Their Bets
In other news, EVP Stephen M. Hauber sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. Following the completion of the sale, the executive vice president now directly owns 256,883 shares of the company's stock, valued at $3,853,245. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 27.99% of the stock is owned by insiders.
Hedge Funds Weigh In On Navient
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in Navient during the first quarter worth $36,000. BNP Paribas Financial Markets increased its position in Navient by 265.4% during the first quarter. BNP Paribas Financial Markets now owns 128,690 shares of the credit services provider's stock worth $2,239,000 after buying an additional 93,469 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Navient in the first quarter valued at $636,000. Sei Investments Co. grew its position in shares of Navient by 11.7% in the first quarter. Sei Investments Co. now owns 99,971 shares of the credit services provider's stock valued at $1,740,000 after purchasing an additional 10,487 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Navient by 4.1% in the first quarter. ProShare Advisors LLC now owns 16,794 shares of the credit services provider's stock valued at $292,000 after purchasing an additional 668 shares during the period. 97.14% of the stock is owned by institutional investors and hedge funds.
Navient Company Profile
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Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.
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