Navient (NASDAQ:NAVI - Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.450-2.500 for the period, compared to the consensus estimate of 1.380. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on NAVI shares. Keefe, Bruyette & Woods increased their price objective on shares of Navient from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their target price on shares of Navient from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, October 7th. Bank of America initiated coverage on shares of Navient in a research note on Monday, September 30th. They issued a "neutral" rating and a $17.00 target price for the company. Finally, Barclays raised their price objective on shares of Navient from $10.00 to $11.00 and gave the company an "underweight" rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $15.78.
Check Out Our Latest Stock Report on NAVI
Navient Stock Performance
Shares of Navient stock traded down $0.96 during trading on Thursday, hitting $14.23. 1,011,408 shares of the stock were exchanged, compared to its average volume of 784,762. The stock has a market cap of $1.56 billion, a PE ratio of 9.12 and a beta of 1.39. The stock's fifty day moving average is $15.65 and its 200 day moving average is $15.31. Navient has a 12 month low of $13.95 and a 12 month high of $19.68. The company has a debt-to-equity ratio of 17.30, a quick ratio of 9.99 and a current ratio of 9.99.
Navient Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Friday, September 6th. Navient's payout ratio is 41.03%.
Navient Company Profile
(
Get Free Report)
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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