About Navient (NASDAQ:NAVI)
Navient Corporation provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States. The company operates in three segments: Federal Family Education Loan Program (FFELP) Loans, Private Education Loans, and Business Services. It holds the portfolio of education loans insured or guaranteed under the FFELP, as well as the portfolio of private education loans; and originates private education refinance loans. The company also services education loans owned by the United States Department of Education, financial institutions, and nonprofit education lenders. In addition, it offers asset recovery services for loans and receivables on behalf of guarantors of FFELP loans and higher education institutions. Further, the company provides asset recovery and other business processing services for federal, state, court, and municipal clients; public authorities; and health care organizations. Navient Corporation was founded in 1973 and is headquartered in Wilmington, Delaware.
Industry, Sector and Symbol
Industry Security brokers & dealers
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:NAVI
CUSIPN/A
Phone302-283-8000
Debt
Debt-to-Equity Ratio30.13%
Current Ratio22.35%
Quick Ratio22.35%
Price-To-Earnings
Trailing P/E Ratio7.49
Forward P/E Ratio6.93
P/E Growth1.16
Sales & Book Value
Annual Sales$5.18 billion
Price / Sales0.68
Cash Flow$1.9925 per share
Price / Cash6.64
Book Value$13.25 per share
Price / Book1.00
Profitability
EPS (Most Recent Fiscal Year)$1.79
Net Income$292 million
Net Margins5.94%
Return on Equity13.90%
Return on Assets0.42%
Miscellaneous
Employees6,700
Outstanding Shares264,590,000
Navient (NASDAQ:NAVI) Frequently Asked Questions
What is Navient's stock symbol?
Navient trades on the NASDAQ under the ticker symbol "NAVI."
How often does Navient pay dividends? What is the dividend yield for Navient?
Navient declared a quarterly dividend on Wednesday, April 4th. Investors of record on Friday, June 1st will be given a dividend of $0.16 per share on Friday, June 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, May 31st. View Navient's Dividend History.
How will Navient's stock buyback program work?
Navient announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 5th 2017, which permits the company to buyback shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.
How were Navient's earnings last quarter?
Navient Corp (NASDAQ:NAVI) released its earnings results on Tuesday, January, 23rd. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.42 by $0.01. The credit services provider earned $366 million during the quarter, compared to analysts' expectations of $362.33 million. Navient had a net margin of 5.94% and a return on equity of 13.90%. During the same quarter in the previous year, the company posted $0.43 earnings per share. View Navient's Earnings History.
When is Navient's next earnings date?
What guidance has Navient issued on next quarter's earnings?
Navient issued an update on its FY18 earnings guidance on Wednesday, January, 24th. The company provided earnings per share guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus estimate of $1.86.
What price target have analysts set for NAVI?
11 brokers have issued 12-month price targets for Navient's shares. Their forecasts range from $14.00 to $26.00. On average, they expect Navient's share price to reach $18.00 in the next year. View Analyst Ratings for Navient.
Are investors shorting Navient?
Navient saw a increase in short interest in the month of March. As of March 15th, there was short interest totalling 14,819,523 shares, an increase of 15.6% from the February 28th total of 12,823,277 shares. Based on an average daily trading volume, of 1,960,622 shares, the days-to-cover ratio is currently 7.6 days. Currently, 5.7% of the company's stock are short sold.
Who are some of Navient's key competitors?
Some companies that are related to Navient include Virtu Financial (VIRT), Stifel (SF), Waddell & Reed (WDR), WisdomTree Investments (WETF), Piper Jaffray (PJC), GAMCO Investors (GBL), Investment Technology Group (ITG), Greenhill & Co., Inc. (GHL), Cowen Group (COWN), JMP Group (JMP), China Finance Online (JRJC) and Gleacher & Co. Ltd. (GLCH).
Who are Navient's key executives?
Navient's management team includes the folowing people:
- Mr. John F. Remondi, Pres, CEO & Director (Age 55)
- Mr. Timothy J. Hynes IV, Exec. VP of Consumer Lending (Age 48)
- Mr. John M. Kane, Group Pres of Bus. Processing Solutions (Age 49)
- Mr. John F. Whorley Jr., Group Pres of Asset Management and Servicing (Age 56)
- Mr. Christian M. Lown, Exec. VP & CFO (Age 48)
Has Navient been receiving favorable news coverage?
Press coverage about NAVI stock has trended somewhat positive on Friday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Navient earned a media sentiment score of 0.09 on Accern's scale. They also assigned press coverage about the credit services provider an impact score of 45.89 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
How do I buy shares of Navient?
Shares of NAVI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Navient's stock price today?
One share of NAVI stock can currently be purchased for approximately $13.23.
How big of a company is Navient?
Navient has a market capitalization of $3.51 billion and generates $5.18 billion in revenue each year. The credit services provider earns $292 million in net income (profit) each year or $1.79 on an earnings per share basis. Navient employs 6,700 workers across the globe.
How can I contact Navient?
Navient's mailing address is 123 JUSTISON STREET, WILMINGTON DE, 19801. The credit services provider can be reached via phone at 302-283-8000 or via email at [email protected]
MarketBeat Community Rating for Navient (NAVI)
MarketBeat's community ratings are surveys of what our community members think about Navient and other stocks. Vote "Outperform" if you believe NAVI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NAVI will underperform the S&P 500 over the long term. You may vote once every thirty days.
Navient (NASDAQ:NAVI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
11 Wall Street analysts have issued ratings and price targets for Navient in the last 12 months. Their average twelve-month price target is $18.00, suggesting that the stock has a possible upside of 36.05%. The high price target for NAVI is $26.00 and the low price target for NAVI is $14.00. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.36 | 2.25 | 2.25 | 2.45 |
| Ratings Breakdown: | 1 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
7 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
7 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $18.00 | $17.60 | $17.50 | $18.2727 |
| Price Target Upside: | 36.05% upside | 21.30% upside | 25.27% upside | 52.53% upside |
Navient (NASDAQ:NAVI) Consensus Price Target History
Navient (NASDAQ:NAVI) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
Navient (NASDAQ:NAVI) Dividend Information
Navient pays an annual dividend of $0.64 per share, with a dividend yield of 4.84%. NAVI's next quarterly dividend payment will be made on Friday, June 15. Navient pays out 35.75% of its earnings out as a dividend.
| Next Dividend: | 6/15/2018 |
| Annual Dividend: | $0.64 |
| Dividend Yield: | 4.84% |
| Payout Ratio: | 35.75% (Trailing 12 Months of Earnings)
33.51% (Based on This Year's Estimates)
33.51% (Based on Next Year's Estimates)
|
Navient (NASDAQ:NAVI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/4/2018 | quarterly | $0.16 | 4.98% | 5/31/2018 | 6/1/2018 | 6/15/2018 |
| 2/6/2018 | quarterly | $0.16 | 4.65% | 3/1/2018 | 3/2/2018 | 3/16/2018 |
| 11/14/2017 | Quarterly | $0.16 | 5.08% | 11/30/2017 | 12/1/2017 | 12/15/2017 |
| 8/11/2017 | quarterly | $0.16 | 4.68% | 8/30/2017 | 9/1/2017 | 9/15/2017 |
| 4/6/2017 | quarterly | $0.16 | 4.38% | 5/31/2017 | 6/2/2017 | 6/16/2017 |
| 2/7/2017 | quarterly | $0.16 | 4.17% | 3/1/2017 | 3/3/2017 | 3/17/2017 |
| 10/7/2016 | quarterly | $0.16 | 4.4% | 11/30/2016 | 12/2/2016 | 12/16/2016 |
| 8/5/2016 | quarterly | $0.16 | 4.4% | 8/31/2016 | 9/2/2016 | 9/16/2016 |
| 4/6/2016 | quarterly | $0.16 | 5.51% | 6/1/2016 | 6/3/2016 | 6/17/2016 |
| 1/27/2016 | quarterly | $0.16 | 6.76% | 3/2/2016 | 3/4/2016 | 3/18/2016 |
| 10/30/2015 | quarterly | $0.16 | 4.85% | 12/2/2015 | 12/4/2015 | 12/18/2015 |
| 7/31/2015 | quarterly | $0.16 | 4.08% | 9/2/2015 | 9/4/2015 | 9/18/2015 |
| 5/26/2015 | quarterly | $0.16 | 3.35% | 6/3/2015 | 6/5/2015 | 6/19/2015 |
| 1/27/2015 | quarterly | $0.16 | 3.23% | 3/4/2015 | 3/6/2015 | 3/20/2015 |
| 10/9/2014 | quarterly | $0.15 | 3.5% | 12/3/2014 | 12/5/2014 | 12/19/2014 |
| 10/9/2014 | quarterly | $0.15 | | | 12/5/2014 | 12/26/2014 |
| 8/14/2014 | quarterly | $0.15 | 3.53% | 9/10/2014 | 9/12/2014 | 9/26/2014 |
| 5/22/2014 | quarterly | $0.15 | | 6/4/2014 | 6/6/2014 | 6/20/2014 |
(Data available from 1/1/2013 forward)
Navient (NASDAQ NAVI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.68%
Institutional Ownership Percentage: 97.87%
Navient (NASDAQ NAVI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 1/29/2018 | Stephen M. Hauber | SVP | Sell | 17,423 | $14.40 | $250,891.20 | |  |
| 10/20/2017 | Christian M. Lown | CFO | Buy | 6,000 | $12.35 | $74,100.00 | | |
| 9/26/2017 | John M. Kane | EVP | Sell | 28,886 | $15.00 | $433,290.00 | | |
| 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 | 88,737 | |
| 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 | 1,409,232 | |
| 2/4/2016 | Mark L Heleen | EVP | Buy | 3,800 | $9.39 | $35,682.00 | 91,519 | |
| 10/30/2015 | Katherine A Lehman | Director | Buy | 2,500 | $13.22 | $33,050.00 | 9,629 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Navient (NASDAQ NAVI) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Navient Corp (NAVI) Expected to Post Quarterly Sales of $313.00 Million
www.americanbankingnews.com - April 19 at 2:50 AM |
 | Report: Majority of millennials are on top of their finances
finance.yahoo.com - April 18 at 5:36 PM |
| Navient (NAVI) Cut to Hold at Zacks Investment Research
www.americanbankingnews.com - April 18 at 12:50 PM |
| $0.42 Earnings Per Share Expected for Navient Corp (NAVI) This Quarter
www.americanbankingnews.com - April 17 at 3:50 PM |
| BlackRock (BLK) and Navient (NAVI) Financial Analysis
www.americanbankingnews.com - April 17 at 9:21 AM |
| Navient (NAVI) Scheduled to Post Earnings on Tuesday
www.americanbankingnews.com - April 17 at 4:27 AM |
| Navient (NAVI) Rating Lowered to Hold at BidaskClub
www.americanbankingnews.com - April 16 at 5:54 PM |
| Pioneer Credit Recovery employees and their families join Family Reading Night
finance.yahoo.com - April 16 at 5:12 PM |
 | Report: Developing Opportunities within Amicus Therapeutics, Rite Aid, Navient, ProPetro Holding, Pfizer, and Sysco ...
globenewswire.com - April 16 at 8:27 AM |
| Wedbush Weighs in on Navient Corp's Q1 2018 Earnings (NAVI)
www.americanbankingnews.com - April 16 at 1:19 AM |
| Wedbush Weighs in on Navient Corp's Q2 2018 Earnings (NAVI)
www.americanbankingnews.com - April 13 at 8:47 AM |
| Head-To-Head Analysis: Navient (NAVI) vs. WisdomTree Investments (WETF)
www.americanbankingnews.com - April 12 at 9:10 AM |
| Navient Corp (NAVI) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - April 11 at 9:57 AM |
| Navient to announce first-quarter 2018 results on April 24, host earnings call on April 25
globenewswire.com - April 10 at 5:21 PM |
| Navient to announce first-quarter 2018 results on April 24, host earnings call on April 25
finance.yahoo.com - April 10 at 5:21 PM |
| Class-action lawsuit against student loan giant brings hope to borrowers in bankruptcy
finance.yahoo.com - April 9 at 5:11 PM |
| Navient (NAVI) Upgraded by Compass Point to "Buy"
www.americanbankingnews.com - April 9 at 12:42 PM |
| Navient (NAVI) Scheduled to Post Quarterly Earnings on Monday
www.americanbankingnews.com - April 9 at 1:24 AM |
 | The Worst Student Loan Servicers Going Into 2018
www.investopedia.com - April 7 at 8:42 AM |
| Zacks Investment Research Upgrades Navient (NAVI) to Buy
www.americanbankingnews.com - April 6 at 1:55 PM |
 | The Biggest Movers: Navient Gains, Micron Slumps
www.barrons.com - April 6 at 8:41 AM |
| Q4 2018 EPS Estimates for Navient Corp (NAVI) Decreased by Analyst
www.americanbankingnews.com - April 6 at 8:18 AM |
| The Biggest Movers: Navinet Gains, Micron Slumps
finance.yahoo.com - April 5 at 5:09 PM |
| Navient declares second quarter common stock dividend
finance.yahoo.com - April 5 at 10:28 AM |
| Navient statement on schedule 13D filing by Canyon Capital Advisors
finance.yahoo.com - April 5 at 10:28 AM |
| [$$] States Target Consumer Issues as Federal Oversight Eases
finance.yahoo.com - April 5 at 10:28 AM |
| Brokers Offer Predictions for Navient Corp's Q2 2018 Earnings (NAVI)
www.americanbankingnews.com - April 5 at 8:36 AM |
| Financial Analysis: Cowen (COWN) & Navient (NAVI)
www.americanbankingnews.com - April 5 at 5:24 AM |
| Analyzing MarketAxess (MKTX) and Navient (NAVI)
www.americanbankingnews.com - April 5 at 3:23 AM |
| Navient Corp (NAVI) Announces $0.16 Quarterly Dividend
www.americanbankingnews.com - April 4 at 5:58 PM |
| Compass Point Upgrades Navient (NAVI) to Buy
www.americanbankingnews.com - April 4 at 5:18 PM |
| AG Shapiro: Redlining investigation to include credit unions, online lenders
finance.yahoo.com - April 3 at 5:23 PM |
| Navient (NAVI) Downgraded by ValuEngine to Hold
www.americanbankingnews.com - April 3 at 11:39 AM |
| Head-To-Head Review: Investment Technology Group (ITG) versus Navient (NAVI)
www.americanbankingnews.com - April 2 at 9:30 AM |
| Zacks: Analysts Anticipate Navient Corp (NAVI) Will Post Quarterly Sales of $337.67 Million
www.americanbankingnews.com - April 2 at 3:02 AM |
| Navient Corp (NAVI) Expected to Post Earnings of $0.43 Per Share
www.americanbankingnews.com - March 31 at 3:14 PM |
| Navient Foundation supports YMCA of Delaware's Black Achievers Program annual college tour
globenewswire.com - March 29 at 5:19 PM |
| Navient Foundation supports YMCA of Delaware’s Black Achievers Program annual college tour
finance.yahoo.com - March 29 at 5:19 PM |
| SLM Student Loan Trust 2004-2 -- Moody's reviews for downgrade three classes of notes from two SLM student loan ABS securitizations
finance.yahoo.com - March 29 at 8:40 AM |
| Navient Corp (NAVI) Short Interest Up 15.6% in March
www.americanbankingnews.com - March 29 at 3:10 AM |
| Jefferies Group Reiterates Hold Rating for Navient (NAVI)
www.americanbankingnews.com - March 29 at 12:00 AM |
 | Navient's (NAVI) Ratings Affirmed by Moody's, Outlook Stable
www.zacks.com - March 26 at 5:08 PM |
| Navient's (NAVI) Ratings Affirmed by Moody's, Outlook Stable
finance.yahoo.com - March 26 at 5:08 PM |
| Navient Foundation supports college tour for at-risk youth
finance.yahoo.com - March 26 at 5:08 PM |
| Navient (NAVI) Rating Lowered to Strong Sell at BidaskClub
www.americanbankingnews.com - March 24 at 3:53 PM |
| Navient Corp (NAVI) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - March 17 at 10:10 AM |
| $337.67 Million in Sales Expected for Navient Corp (NAVI) This Quarter
www.americanbankingnews.com - March 16 at 5:52 AM |
| Navient recognizes Wilmington employee for his efforts in supporting Puerto Rico in the wake of Hurricane Maria
finance.yahoo.com - March 15 at 5:56 PM |
| Navient Corp (NAVI) Expected to Announce Earnings of $0.43 Per Share
www.americanbankingnews.com - March 14 at 2:53 PM |
| Navient (NAVI) Cut to "Hold" at Zacks Investment Research
www.americanbankingnews.com - March 13 at 3:45 PM |
Navient (NASDAQ:NAVI) SEC Filings
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Navient (NASDAQ:NAVI) Income Statement, Balance Sheet and Cash Flow Statement
Navient (NASDAQ NAVI) Stock Chart for Friday, April, 20, 2018
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