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). It operates through four segments: FFELP Loans, Private Education Loans, Business Services and Other. It also holds the portfolio of Private Education Loans. It services its own portfolio of education loans, as well as education loans owned by the United States Department of Education (ED), financial institutions and nonprofit education lenders. It also provides business processing services to education-related clients, such as guaranty agencies and colleges and universities. It provides additional business processing services to a range of other clients, including federal agencies, state and local governments, healthcare systems and other healthcare providers and municipalities.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Consumer Lending
- Sub-Industry: N/A
- Symbol: NASDAQ:NAVI
- CUSIP: N/A
- Web: www.navient.com
- Market Cap: $3.82101 billion
- Outstanding Shares: 274,104,000
- 50 Day Moving Avg: $13.89
- 200 Day Moving Avg: $14.79
- 52 Week Range: $12.66 - $17.95
Sales & Book Value:
- Trailing P/E Ratio: 7.24
- Foreward P/E Ratio: 7.55
- P/E Growth: 3.40
- Annual Revenue: $1.91 billion
- Price / Sales: 2.00
- Book Value: $12.91 per share
- Price / Book: 1.08
- Annual Dividend: $0.64
- Dividend Yield: 4.6%
- Net Margins: 11.50%
- Return on Equity: 14.05%
- Return on Assets: 0.43%
- Debt-to-Equity Ratio: 31.08%
- Current Ratio: 28.46%
- Quick Ratio: 28.46%
- Average Volume: 2.41 million shs.
- Beta: 2.44
- Short Ratio: 3.55
Frequently Asked Questions for Navient Corporation (NASDAQ:NAVI)
What is Navient Corporation's stock symbol?
Navient Corporation trades on the NASDAQ under the ticker symbol "NAVI."
How often does Navient Corporation pay dividends? What is the dividend yield for Navient Corporation?
Navient Corporation announced a quarterly dividend on Friday, August 11th. Investors of record on Friday, September 1st will be paid a dividend of $0.16 per share on Friday, September 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Wednesday, August 30th. View Navient Corporation's Dividend History.
How were Navient Corporation's earnings last quarter?
Navient Corporation (NASDAQ:NAVI) issued its earnings results on Tuesday, July, 18th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.41 by $0.02. The company had revenue of $343 million for 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 firm's revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. View Navient Corporation's Earnings History.
When will Navient Corporation make its next earnings announcement?
What guidance has Navient Corporation issued on next quarter's earnings?
Navient Corporation issued an update on its FY17 earnings guidance on Wednesday, July, 19th. The company provided earnings per share guidance of $1.75-1.80 for the period, compared to the Thomson Reuters consensus estimate of $1.80.
Where is Navient Corporation's stock going? Where will Navient Corporation's stock price be in 2017?
10 equities research analysts have issued 12 month target prices for Navient Corporation's shares. Their forecasts range from $16.00 to $26.00. On average, they expect Navient Corporation's stock price to reach $18.45 in the next twelve months. View Analyst Ratings for Navient Corporation.
What are analysts saying about Navient Corporation stock?
Here are some recent quotes from research analysts about Navient Corporation stock:
- 1. According to Zacks Investment Research, "Navient’s shares have underperformed the industry over the past year. The company does not have an impressive earnings surprise history. It missed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. Also, the U.S. student loan industry is currently under heightened regulatory scrutiny over alleged anti-consumer practices. Navient, which services large number of student loans, is under regulatory claims and litigation burden owing to its practices in handling loans. However, it benefits from the ongoing economic recovery and remains focused on leveraging its asset recovery & processing businesses. Further, we remain encouraged as the company remains focused on growth opportunities to boost overall business." (9/13/2017)
- 2. Wedbush analysts commented, "We are initiating coverage on Navient Corp. (NAVI) with a NEUTRAL rating and a $16.50 price target. Navient is the student loan servicing and legacy FFELP & private student loan business spun out of Sallie Mae in 2014. While two of the company's three business lines appear to be in runoff, the company has been able to generate a significant amount of cash flows with which to pay down debt, buy back stock and pay dividends. In 2016, NAVI retired $2.6 billion in senior debt, repurchased $60 million in stock (17% of shares outstanding), and paid an annual dividend of $0.64 per share." (1/30/2017)
- 3. Jefferies Group LLC analysts commented, "We are initiating coverage on Navient (NAVI) with a Hold rating and $18 price target. While we consider NAVI a strong company, the recent rally in the stock has converged the public equity value with our assessment of an NPV of the portfolio added to a segment value for servicing, leaving insufficient upside for a Buy, in our opinion. That said, we keep a watchful eye on ongoing expansion of the Business Services segment which may drive upside over time. We observe that NAVI is among the best capital return stories within our coverage universe, however, we assign a Hold rating as the recent rally leaves the stock near its intrinsic value. In our opinion, the equity value has converged to a level near our assessment of a sum-of-the-parts valuation. That said, we note the nearly 4% dividend yield may be attractive for income-oriented investors and we support management’s focus on capital returns. Further, NAVI continues to focus on special servicing opportunities within its Business Services segment, and incremental growth within this division could both add to earnings power and enhance the multiple over time. Sum of the parts DCF analysis supports our $18 PT. As we detail herein, when we conduct a DCF analysis of the loan portfolio, and add to this an assessed value of the servicing (Business Services) business, we conclude that an $18PT is reasonable." (12/7/2016)
Who are some of Navient Corporation's key competitors?
Some companies that are related to Navient Corporation include OneMain Holdings (OMF), FirstCash (FCFS), LendingTree (TREE), LendingClub Corporation (LC), TPG RE Finance Trust (TRTX), Provident Financial plc (PFG), World Acceptance Corporation (WRLD), PHH Corp (PHH), International Personal Finance Plc (IPF), EZCORP (EZPW), Regional Management Corp. (RM), Non-Standard Finance PLC (NSF), S & U PLC (SUS), Morses Club PLC (MCL), Fairpoint Group Plc (FRP), Cash America International (CSH), Navient Corp (NAVIV) and Stonegate Mortgage Corp (SGM).
Who are Navient Corporation's key executives?
Navient Corporation's management team includes the folowing people:
- William M. Diefenderfer III, Independent Chairman of the Board
- John F. Remondi, President, Chief Executive Officer, Director
- Christian M. Lown, Chief Financial Officer, Executive Vice President
- John M. Kane, Group President, Asset Recovery and Business Services
- Jeff Whorley, Group President - Asset Management and Servicing
- Timothy Hynes, Chief Risk Officer
- Somsak Chivavibul, Chief Decision Management Officer
- Mark L. Heleen, Chief Legal Officer and Corporate Secretary
- John K. Adams Jr., Independent Director
- Anna Escobedo Cabral, Independent Director
Who owns Navient Corporation stock?
Navient Corporation's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (13.94%), Boston Partners (9.05%), BlackRock Inc. (7.50%), State Street Corp (5.36%), Dimensional Fund Advisors LP (3.33%) and Prudential Financial Inc. (2.08%). Company insiders that own Navient Corporation stock include Bates Ann Torre, Gilleland Diane Suitt, John F Remondi, Katherine A Lehman, Mark L Heleen and William M Diefenderfer III. View Institutional Ownership Trends for Navient Corporation.
Who sold Navient Corporation stock? Who is selling Navient Corporation stock?
Navient Corporation's stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., State Street Corp, BlackRock Inc., TD Asset Management Inc., Voya Investment Management LLC, Boston Partners, Ameriprise Financial Inc. and KBC Group NV. View Insider Buying and Selling for Navient Corporation.
Who bought Navient Corporation stock? Who is buying Navient Corporation stock?
Navient Corporation's stock was bought by a variety of institutional investors in the last quarter, including Prudential Financial Inc., AJO LP, JPMorgan Chase & Co., W. E. Donoghue & Co. LLC, Parametric Portfolio Associates LLC, Koch Industries Inc., Bank of Montreal Can and LSV Asset Management. Company insiders that have bought Navient Corporation stock in the last two years include John F Remondi, Katherine A Lehman and Mark L Heleen. View Insider Buying and Selling for Navient Corporation.
How do I buy Navient Corporation stock?
Shares of Navient Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Navient Corporation's stock price today?
MarketBeat Community Rating for Navient Corporation (NASDAQ NAVI)MarketBeat's community ratings are surveys of what our community members think about Navient Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Navient Corporation stock can currently be purchased for approximately $13.96.
Consensus Ratings for Navient Corporation (NASDAQ:NAVI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||5 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$18.45 (32.16% upside)|
Analysts' Ratings History for Navient Corporation (NASDAQ:NAVI)
(Data available from 9/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/8/2017||Credit Suisse Group||Upgrade||Neutral -> Outperform||$16.50||High|
|9/5/2017||Compass Point||Upgrade||Neutral -> Buy||$16.50||Low|
|7/21/2017||Jefferies Group LLC||Reiterated Rating||Hold||$16.00||Low|
|7/20/2017||BMO Capital Markets||Reiterated Rating||Hold||$17.00 -> $16.00||High|
|7/14/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$20.00||Low|
|6/12/2017||Stifel Nicolaus||Boost Price Target||Hold||$24.00 -> $26.00||Low|
|4/12/2017||Barclays PLC||Set Price Target||Buy||$20.00||Low|
|4/3/2017||J P Morgan Chase & Co||Lower Price Target||Neutral||$17.00 -> $16.00||Low|
|1/6/2017||DA Davidson||Initiated Coverage||Buy||$21.00||N/A|
|7/20/2016||Goldman Sachs Group, Inc. (The)||Downgrade||Buy -> Neutral||$15.00||N/A|
|1/3/2016||Janney Montgomery Scott||Reiterated Rating||Buy||N/A|
Earnings History for Navient Corporation (NASDAQ:NAVI)Earnings History by Quarter for Navient Corporation (NASDAQ NAVI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/18/2017||Q2 2017||$0.41||$0.43||$331.67 million||$343.00 million||View||N/A|
|4/18/2017||Q1 2017||$0.42||$0.36||$345.60 million||$334.00 million||View||N/A|
|1/24/2017||Q416||$0.44||$0.43||$365.50 million||$378.00 million||View||N/A|
|10/18/2016||Q3||$0.48||$0.50||$391.75 million||$405.00 million||View||N/A|
|7/19/2016||Q216||$0.45||$0.47||$406.00 million||$429.00 million||View||N/A|
|4/19/2016||Q1||$0.41||$0.43||$413.00 million||$486.00 million||View||N/A|
|1/26/2016||Q4||$0.49||$0.48||$460.20 million||$445.00 million||View||Listen|
|10/20/2015||Q3||$0.48||$0.47||$466.00 million||$553.00 million||View||Listen|
|7/21/2015||Q215||$0.40||$0.40||$472.00 million||$549.00 million||View||Listen|
|4/21/2015||Q115||$0.50||$0.48||$497.00 million||$583.00 million||View||N/A|
|1/21/2015||Q414||$0.53||$0.53||$542.00 million||$614.00 million||View||N/A|
|10/15/2014||Q314||$0.52||$0.52||$530.00 million||$912.00 million||View||N/A|
|7/16/2014||Q311||$0.55||$0.56||$572.33 million||$662.00 million||View||N/A|
Earnings Estimates for Navient Corporation (NASDAQ:NAVI)
2017 EPS Consensus Estimate: $1.80
2018 EPS Consensus Estimate: $1.84
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Navient Corporation (NASDAQ:NAVI)
|Most Recent Dividend:||9/15/2017|
|Payout Ratio:||33.68% (Trailing 12 Months of Earnings) |
36.57% (Based on This Year's Estimates)
34.59% (Based on Next Year's Estimates)
Dividend History by Quarter for Navient Corporation (NASDAQ NAVI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Navient Corporation (NASDAQ:NAVI)
Insider Ownership Percentage: 1.68%Insider Trades by Quarter for Navient Corporation (NASDAQ:NAVI)
Institutional Ownership Percentage: 93.02%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|4/24/2017||Gilleland Diane Suitt||Director||Sell||5,467||$15.89||$86,870.63|| |
|8/19/2016||William M Diefenderfer III||Director||Sell||16,300||$14.20||$231,460.00|| |
|7/26/2016||Bates Ann Torre||Director||Sell||9,000||$14.23||$128,070.00|| |
|2/9/2016||John F. Remondi||CEO||Buy||80,000||$8.79||$703,200.00|| |
|2/4/2016||Mark L Heleen||EVP||Buy||3,800||$9.39||$35,682.00|| |
|10/30/2015||Katherine A Lehman||Director||Buy||2,500||$13.22||$33,050.00|| |
|2/6/2015||John M Kane||COO||Sell||1,402||$21.38||$29,974.76|| |
|2/6/2015||Somsak Chivavibul||CFO||Sell||1,184||$21.38||$25,313.92|| |
|2/6/2015||Timothy J Iv Hynes||Insider||Sell||1,118||$21.38||$23,902.84|| |
|2/4/2015||John M Kane||COO||Sell||1,670||$20.93||$34,953.10|| |
|2/4/2015||Somsak Chivavibul||CFO||Sell||1,408||$20.93||$29,469.44|| |
|2/4/2015||Timothy J Iv Hynes||Insider||Sell||1,404||$20.93||$29,385.72|| |
|2/3/2015||John M Kane||COO||Sell||1,735||$20.60||$35,741.00|| |
|2/3/2015||Somsak Chivavibul||CFO||Sell||1,023||$20.47||$20,940.81|| |
|11/19/2014||John M Kane||COO||Sell||23,767||$20.67||$491,263.89|| |
|8/1/2014||Barry Lawson Williams||Director||Sell||14,450||$17.42||$251,719.00|| |
Headline Trends for Navient Corporation (NASDAQ:NAVI)
Latest Headlines for Navient Corporation (NASDAQ:NAVI)
|Navient Corporation (NAVI) Expected to Announce Quarterly Sales of $339.50 Million|
www.americanbankingnews.com - September 18 at 1:14 AM
|Head-To-Head Analysis: Navient Corporation (NAVI) vs. The Competition|
www.americanbankingnews.com - September 17 at 2:48 PM
|Navient Corporation (NAVI) Stock Rating Upgraded by Zacks Investment Research|
www.americanbankingnews.com - September 13 at 1:04 PM
|Navient (NAVI) Presents At Barclays 2017 Global Financial Services Conference - Slideshow|
seekingalpha.com - September 12 at 5:19 AM
|S&P 500 Movers: EFX, NAVI - Presented by: The Aol. On Network|
www.nasdaq.com - September 9 at 6:33 AM
|Savannah resident Rachel George receives company award recognizing leadership in the workplace|
finance.yahoo.com - September 9 at 6:33 AM
|DeVos Tells CFPB to Back Off on Student Loans|
finance.yahoo.com - September 9 at 6:33 AM
|Navient Corporation (NAVI) Rating Increased to Outperform at Credit Suisse Group|
www.americanbankingnews.com - September 8 at 9:18 PM
|Thursday Sector Laggards: Financial, Services|
www.nasdaq.com - September 8 at 6:11 AM
|U.S. consumer agency defends student loan reforms from Republican attacks|
www.reuters.com - September 8 at 6:11 AM
|Financial watchdog defends student loan reforms from Republican attacks|
www.businessinsider.com - September 8 at 6:11 AM
|UPDATE: Compass Point Upgrades Navient Corporation (NAVI) to Buy - StreetInsider.com|
www.streetinsider.com - September 6 at 6:39 AM
|Risk Of Regulatory Hammer-Drop Diminishes, Is Navient A Buy Again?|
finance.yahoo.com - September 6 at 6:39 AM
|Robbins Arroyo LLP: Navient Corporation (NAVI) Violated the Law According to a Recently Filed Class Action|
finance.yahoo.com - August 31 at 7:41 AM
|$340.67 Million in Sales Expected for Navient Corporation (NAVI) This Quarter|
www.americanbankingnews.com - August 31 at 6:58 AM
|Navient Corporation (NAVI) and Navient Corp (NAVIV) Head to Head Comparison|
www.americanbankingnews.com - August 30 at 6:28 AM
|Navient Corporation (NAVI) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - August 29 at 10:42 AM
|Navient President and CEO to present at Barclays 2017 Global Financial Services Conference on Sept. 11|
finance.yahoo.com - August 29 at 4:02 AM
|First Week of April 2018 Options Trading For Navient|
www.nasdaq.com - August 26 at 7:34 AM
|Robbins Arroyo LLP Is Investigating the Officers and Directors of Navient Corporation (NAVI) on Behalf of Shareholders - Business Wire (press release)|
www.businesswire.com - August 25 at 9:01 AM
|Robbins Arroyo LLP Is Investigating the Officers and Directors of Navient Corporation (NAVI) on Behalf of Shareholders|
finance.yahoo.com - August 25 at 9:01 AM
|Haeggquist & Eck investigates nation's largest student loan company, Navient Corporation, for fraudulent accounting ... - Business Wire (press release)|
www.businesswire.com - August 23 at 9:03 AM
|Haeggquist & Eck investigates nation’s largest student loan company, Navient Corporation, for fraudulent accounting practices and scheme to steer student loan borrowers into more expensive repayment plans|
finance.yahoo.com - August 23 at 9:03 AM
|Comparing PHH Corp (PHH) & Navient Corporation (NAVI)|
www.americanbankingnews.com - August 22 at 6:24 AM
|S&P 500 'Safer' Dividend Dog Net Gains Led By Navient Per August 1-Year Broker Estimates|
seekingalpha.com - August 21 at 8:17 PM
|Glens Falls resident takes home company award|
finance.yahoo.com - August 21 at 8:17 PM
|Navient (NAVI) Down 8.4% Since Earnings Report: Can It Rebound? - Nasdaq|
www.nasdaq.com - August 19 at 4:59 AM
|ETFs with exposure to Navient Corp. : August 16, 2017|
finance.yahoo.com - August 17 at 6:04 AM
|Pre-Market Technical Recap on Credit Services Stocks -- Navient, SLM Corp ...|
www.prnewswire.com - August 15 at 2:41 AM
|Xtend Healthcare announces expansion in healthcare information management|
finance.yahoo.com - August 15 at 2:41 AM
|See what the IHS Markit Score report has to say about Navient Corp.|
finance.yahoo.com - August 14 at 12:25 AM
|$340.67 Million in Sales Expected for Navient Corporation (NASDAQ:NAVI) This Quarter|
www.americanbankingnews.com - August 12 at 1:04 AM
|Navient Corporation (NAVI) Announces $0.16 Quarterly Dividend|
www.americanbankingnews.com - August 11 at 5:50 PM
|Navient declares third quarter common stock dividend |
finance.yahoo.com - August 11 at 6:47 AM
|$0.50 EPS Expected for Navient Corporation (NASDAQ:NAVI) This Quarter|
www.americanbankingnews.com - August 11 at 12:26 AM
|Judge rejects loan collector Navient's bid to dismiss US lawsuit - Reuters|
www.reuters.com - August 9 at 3:38 PM
|Navient's (NAVI) Plea to Dismiss CPFB's Lawsuit Rejected - Nasdaq|
www.nasdaq.com - August 9 at 3:38 PM
|Update in Lawsuit for Investors in shares of Navient Corp (NASDAQ: NAVI) Announced by Shareholders Foundation|
finance.yahoo.com - August 9 at 3:37 PM
|Judge rejects Navient's arguments that CFPB unconstitutional - Reuters|
www.reuters.com - August 7 at 10:53 PM
|Judge rejects loan collector Navient's bid to dismiss U.S. lawsuit|
finance.yahoo.com - August 7 at 10:53 PM
|Navient Can't Block US Claim It Duped Student Debtors - Bloomberg|
www.bloomberg.com - August 7 at 5:23 AM
|Navient Can’t Block U.S. Claim It Duped Student Debtors|
finance.yahoo.com - August 7 at 5:23 AM
|BidaskClub Downgrades Navient Corporation (NASDAQ:NAVI) to Sell|
www.americanbankingnews.com - August 5 at 6:46 PM
|Head-To-Head Contrast: OneMain Holdings (OMF) versus Navient Corporation (NASDAQ:NAVI)|
www.americanbankingnews.com - August 5 at 6:30 PM
|Navient Corporation (NASDAQ:NAVI) Given Consensus Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - August 4 at 10:44 AM
|Navient Corp. :NAVI-US: Earnings Analysis: Q2, 2017 By the Numbers : August 3, 2017|
finance.yahoo.com - August 4 at 6:12 AM
|Navient buys Milwaukee company for $80M|
www.bizjournals.com - August 3 at 6:08 AM
|Navient employees donate more than 20,000 items to aid service members, military veterans and first responders|
finance.yahoo.com - August 3 at 6:08 AM
|BRIEF-Navient Corp acquires Duncan Solutions for $80 mln|
www.reuters.com - August 2 at 6:13 AM
|10-Q: NAVIENT CORP|
www.marketwatch.com - August 2 at 6:13 AM
Navient Corporation (NAVI) Chart for Tuesday, September, 19, 2017