Navient (NAVI) to Release Quarterly Earnings on Thursday

Navient (NASDAQ:NAVI) is expected to post its results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $142.8950 million for the quarter.

Navient Trading Up 6.0%

NASDAQ NAVI opened at $9.36 on Wednesday. Navient has a 12 month low of $7.33 and a 12 month high of $13.87. The stock has a market cap of $879.75 million, a P/E ratio of -14.86 and a beta of 1.18. The stock’s fifty day moving average price is $8.33 and its 200-day moving average price is $8.82. The company has a current ratio of 7.67, a quick ratio of 7.67 and a debt-to-equity ratio of 16.49.

Navient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, June 5th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.64 annualized dividend and a dividend yield of 6.8%. Navient’s dividend payout ratio (DPR) is -101.59%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NAVI. Barclays raised their price target on shares of Navient from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Thursday, April 30th. Weiss Ratings restated a “sell (d)” rating on shares of Navient in a report on Wednesday, June 24th. Morgan Stanley cut their target price on shares of Navient from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. JPMorgan Chase & Co. decreased their target price on shares of Navient from $9.50 to $8.00 and set a “neutral” rating for the company in a research note on Monday, July 13th. Finally, TD Cowen lowered their price target on Navient from $9.00 to $8.50 and set a “sell” rating on the stock in a report on Tuesday, July 7th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Navient presently has an average rating of “Reduce” and a consensus price target of $9.14.

Institutional Investors Weigh In On Navient

A number of hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC increased its stake in shares of Navient by 6.8% in the 2nd quarter. Corient Private Wealth LLC now owns 18,372 shares of the credit services provider’s stock worth $259,000 after purchasing an additional 1,168 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Navient by 39.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,228 shares of the credit services provider’s stock worth $55,000 after buying an additional 1,191 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Navient by 15.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,604 shares of the credit services provider’s stock worth $164,000 after buying an additional 1,706 shares during the period. Deutsche Bank AG raised its stake in shares of Navient by 3.7% in the fourth quarter. Deutsche Bank AG now owns 66,251 shares of the credit services provider’s stock worth $861,000 after buying an additional 2,392 shares during the period. Finally, Tudor Investment Corp ET AL lifted its position in shares of Navient by 0.5% during the 4th quarter. Tudor Investment Corp ET AL now owns 593,265 shares of the credit services provider’s stock valued at $7,712,000 after buying an additional 2,684 shares in the last quarter. Institutional investors own 97.14% of the company’s stock.

Navient Company Profile

Navient Corporation (NASDAQ: NAVI) is a specialized provider of asset management and business processing solutions, with a primary focus on student loan servicing. Established in 2014 through the separation from Sallie Mae, Navient assumed responsibility for servicing federal and private education loans, positioning itself as one of the largest servicers of higher education debt in the United States.

The company’s core activities center on federal student loan servicing under contracts with the U.S.