Navient (NASDAQ:NAVI – Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 1.350-1.550 for the period, compared to the consensus earnings per share estimate of 1.490. The company issued revenue guidance of -.
Navient Price Performance
Navient stock traded up $0.35 during midday trading on Friday, hitting $15.95. 1,079,895 shares of the company’s stock were exchanged, compared to its average volume of 735,957. The stock has a 50-day moving average price of $14.77 and a two-hundred day moving average price of $15.91. Navient has a 52-week low of $13.95 and a 52-week high of $19.68. The company has a debt-to-equity ratio of 17.30, a quick ratio of 12.52 and a current ratio of 9.99. The company has a market cap of $1.75 billion, a P/E ratio of 10.22 and a beta of 1.40.
Navient (NASDAQ:NAVI – Get Free Report) last released its earnings results on Wednesday, July 24th. The credit services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.14). Navient had a net margin of 3.41% and a return on equity of 11.06%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $157.27 million. During the same period last year, the firm posted $0.70 EPS. On average, equities research analysts forecast that Navient will post 1.59 earnings per share for the current year.
Navient Dividend Announcement
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on NAVI shares. TD Cowen dropped their target price on Navient from $14.00 to $13.00 and set a sell rating on the stock in a report on Friday, April 26th. Keefe, Bruyette & Woods upped their price target on Navient from $15.00 to $16.00 and gave the stock a market perform rating in a research report on Thursday. Barclays reduced their price target on Navient from $11.00 to $10.00 and set an underweight rating for the company in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Navient from $16.00 to $15.00 and set a neutral rating for the company in a research note on Monday, July 8th. Three investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $15.80.
View Our Latest Research Report on NAVI
Insider Transactions at Navient
In other Navient news, EVP Mark L. Heleen sold 10,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $16.00, for a total transaction of $160,000.00. Following the transaction, the executive vice president now directly owns 393,611 shares in the company, valued at approximately $6,297,776. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.99% of the company’s stock.
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.
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