Navient (NAVI) to Release Earnings on Wednesday

Navient (NASDAQ:NAVI) is scheduled to announce its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Navient Stock Performance

Navient stock opened at $15.11 on Monday. The stock has a 50 day moving average of $15.66 and a 200-day moving average of $15.33. The stock has a market cap of $1.69 billion, a P/E ratio of 9.69 and a beta of 1.39. Navient has a 52 week low of $13.95 and a 52 week high of $19.68. The company has a current ratio of 9.99, a quick ratio of 9.99 and a debt-to-equity ratio of 17.30.

Navient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.24%. Navient’s dividend payout ratio (DPR) is 41.03%.

Wall Street Analyst Weigh In

A number of research analysts have commented on NAVI shares. Bank of America started coverage on Navient in a report on Monday, September 30th. They set a “neutral” rating and a $17.00 target price on the stock. Keefe, Bruyette & Woods raised their price objective on Navient from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Navient from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Finally, Barclays increased their target price on shares of Navient from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.78.

Navient Company Profile

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.