Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels 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 and asset recovery services on its own loan portfolio, as well as asset recovery services on FFELP loans owned by other institutions. It also owns, originates, acquires, and services refinance and in-school private education loans; and offers healthcare services that include revenue cycle outsourcing, accounts receivable management, extended business office support, consulting engagement, and public health programs, as well as business processing services to state governments, agencies, court systems, municipalities, and parking and tolling authorities. In addition, the company provides customizable solutions for its clients that include hospitals, hospital systems, medical centers, large physician groups, other healthcare providers, and public health departments; and corporate liquidity portfolio services. Navient Corporation was founded in 1973 and is headquartered in Wilmington, Delaware.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. Citigroup raised their price target on Navient from $16.00 to $18.00 in a research note on Thursday, July 28th. Compass Point reduced their price objective on Navient to $15.00 in a research note on Monday, July 25th. Keefe, Bruyette & Woods dropped their target price on Navient from $18.00 to $17.00 in a report on Monday, July 11th. Finally, Barclays dropped their target price on Navient from $25.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, July 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $17.86.
Navient Stock Up 0.8 %
Shares of NAVI traded up $0.14 during trading hours on Friday, hitting $16.83. 48,141 shares of the company were exchanged, compared to its average volume of 1,089,553. Navient has a 52 week low of $12.45 and a 52 week high of $23.80. The company has a debt-to-equity ratio of 23.14, a quick ratio of 15.69 and a current ratio of 15.69. The company has a market cap of $2.39 billion, a PE ratio of 4.36 and a beta of 1.67. The firm's 50 day moving average is $14.94 and its 200-day moving average is $16.20.
Navient (NASDAQ:NAVI - Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The credit services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.09. Navient had a return on equity of 12.79% and a net margin of 18.11%. During the same quarter in the previous year, the firm posted $0.94 earnings per share. On average, equities research analysts forecast that Navient will post 3.41 EPS for the current fiscal year.
Navient Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were issued a $0.16 dividend. The ex-dividend date was Thursday, June 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.80%. Navient's payout ratio is presently 16.58%.