FY2025 EPS Estimates for Navient Reduced by Seaport Res Ptn

Navient Co. (NASDAQ:NAVI) – Research analysts at Seaport Res Ptn cut their FY2025 earnings per share (EPS) estimates for shares of Navient in a report released on Tuesday, January 21st. Seaport Res Ptn analyst W. Ryan now forecasts that the credit services provider will earn $1.25 per share for the year, down from their previous estimate of $1.35. Seaport Res Ptn currently has a “Strong-Buy” rating on the stock. The consensus estimate for Navient’s current full-year earnings is $2.41 per share.

Navient (NASDAQ:NAVI) last issued its quarterly earnings results on Wednesday, October 30th. The credit services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $1.20. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $150.04 million. Navient had a net margin of 1.71% and a return on equity of 8.62%. During the same period last year, the business earned $0.84 earnings per share.

NAVI has been the subject of several other reports. Bank of America cut their price target on shares of Navient from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Barclays increased their target price on Navient from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Tuesday, October 8th. StockNews.com raised Navient from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. decreased their target price on shares of Navient from $15.00 to $13.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, TD Cowen lowered their price target on shares of Navient from $14.00 to $13.00 and set a “sell” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Navient currently has an average rating of “Hold” and a consensus target price of $14.58.

Navient Price Performance

NAVI stock opened at $14.49 on Wednesday. The firm has a market cap of $1.56 billion, a P/E ratio of 21.00 and a beta of 1.43. The firm’s fifty day moving average is $14.26 and its 200 day moving average is $15.01. Navient has a 52 week low of $12.73 and a 52 week high of $18.36. The company has a debt-to-equity ratio of 16.59, a quick ratio of 9.49 and a current ratio of 9.49.

Institutional Investors Weigh In On Navient

A number of institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC purchased a new stake in shares of Navient during the third quarter valued at approximately $1,398,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Navient in the 3rd quarter valued at approximately $511,000. Marshall Wace LLP purchased a new stake in Navient during the 2nd quarter valued at $2,327,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Navient in the 3rd quarter worth $714,000. Finally, Barclays PLC raised its stake in shares of Navient by 59.0% in the third quarter. Barclays PLC now owns 284,130 shares of the credit services provider’s stock worth $4,429,000 after purchasing an additional 105,454 shares during the last quarter. 97.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Navient

In other Navient news, EVP Stephen M. Hauber sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $15.00, for a total value of $150,000.00. Following the sale, the executive vice president now owns 256,883 shares in the company, valued at approximately $3,853,245. This represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 27.99% of the company’s stock.

Navient Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.42%. Navient’s dividend payout ratio (DPR) is 92.75%.

About Navient

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.