$340.67 Million in Sales Expected for Navient Corporation (NASDAQ:NAVI) This Quarter

Equities research analysts expect Navient Corporation (NASDAQ:NAVI) to post sales of $340.67 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Navient Corporation’s earnings, with estimates ranging from $314.00 million to $365.00 million. Navient Corporation reported sales of $412.00 million during the same quarter last year, which indicates a negative year over year growth rate of 17.3%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, October 17th.

On average, analysts expect that Navient Corporation will report full year sales of $340.67 million for the current year, with estimates ranging from $1.35 billion to $1.39 billion. For the next financial year, analysts expect that the firm will report sales of $1.27 billion per share, with estimates ranging from $1.23 billion to $1.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Navient Corporation.

Navient Corporation (NASDAQ:NAVI) last posted its quarterly earnings results on Tuesday, July 18th. The credit services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The business had revenue of $343 million during the quarter, compared to the consensus estimate of $331.67 million. Navient Corporation had a return on equity of 14.05% and a net margin of 11.50%. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share.

NAVI has been the topic of a number of recent analyst reports. Wedbush restated a “neutral” rating and issued a $16.50 price target on shares of Navient Corporation in a research report on Tuesday, April 18th. BidaskClub upgraded shares of Navient Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Jefferies Group LLC restated a “buy” rating on shares of Navient Corporation in a research report on Monday, June 12th. Stifel Nicolaus boosted their price target on shares of Navient Corporation from $24.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, June 12th. Finally, ValuEngine upgraded shares of Navient Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Navient Corporation presently has an average rating of “Hold” and an average target price of $18.55.

Navient Corporation (NASDAQ NAVI) opened at 13.68 on Friday. The company has a 50-day moving average price of $15.48 and a 200-day moving average price of $15.10. Navient Corporation has a 1-year low of $12.66 and a 1-year high of $17.95. The firm has a market capitalization of $3.75 billion, a P/E ratio of 7.09 and a beta of 2.43.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.68%. Navient Corporation’s payout ratio is 33.68%.

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Institutional investors have recently made changes to their positions in the company. Nicolet Bankshares Inc. raised its position in shares of Navient Corporation by 0.3% in the first quarter. Nicolet Bankshares Inc. now owns 18,405 shares of the credit services provider’s stock worth $272,000 after buying an additional 50 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Navient Corporation by 0.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,420 shares of the credit services provider’s stock worth $171,000 after buying an additional 90 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of Navient Corporation by 1.0% in the second quarter. Thrivent Financial For Lutherans now owns 10,770 shares of the credit services provider’s stock worth $179,000 after buying an additional 110 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Navient Corporation by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,952 shares of the credit services provider’s stock worth $103,000 after buying an additional 118 shares during the last quarter. Finally, Contravisory Investment Management Inc. raised its position in shares of Navient Corporation by 1.3% in the second quarter. Contravisory Investment Management Inc. now owns 15,150 shares of the credit services provider’s stock worth $252,000 after buying an additional 200 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Navient Corporation Company Profile

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 Corporation (NASDAQ:NAVI)

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