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
Stock Exchange NASDAQ
Industry Security brokers & dealers
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:NAVI
Previous SymbolNASDAQ:NAVIV
CUSIPN/A
Phone302-283-8000
Debt
Debt-to-Equity Ratio25.59
Current Ratio19.74
Quick Ratio19.74
Price-To-Earnings
Trailing P/E Ratio5.55
Forward P/E Ratio5.04
P/E GrowthN/A
Sales & Book Value
Annual Sales$5.18 billion
Price / Sales0.49
Cash Flow$1.8630 per share
Price / Cash Flow5.33
Book Value$13.25 per share
Price / Book0.75
Profitability
EPS (Most Recent Fiscal Year)$1.79
Net Income$292 million
Net Margins4.29%
Return on Equity13.43%
Return on Assets0.44%
Miscellaneous
Employees6,700
Outstanding Shares257,970,000
Market Cap$2.74 billion
OptionableOptionable
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 Monday, November 12th. Stockholders of record on Friday, December 7th will be paid a dividend of $0.16 per share on Friday, December 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date of this dividend is Thursday, December 6th. View Navient's Dividend History.
How will Navient's stock buyback program work?
Navient declared that its board has initiated a share buyback plan on Thursday, October 5th 2017, which authorizes the company to buyback shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.
How were Navient's earnings last quarter?
Navient Corp (NASDAQ:NAVI) announced its quarterly earnings results on Tuesday, October, 23rd. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. The credit services provider earned $327 million during the quarter, compared to analyst estimates of $310.17 million. Navient had a return on equity of 13.43% and a net margin of 4.29%. The business's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. View Navient's Earnings History.
When is Navient's next earnings date?
What price target have analysts set for NAVI?
7 analysts have issued 1 year price objectives for Navient's stock. Their predictions range from $15.00 to $18.00. On average, they expect Navient's share price to reach $16.1875 in the next twelve months. This suggests a possible upside of 63.0% from the stock's current price. View Analyst Price Targets for Navient.
What is the consensus analysts' recommendation for Navient?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Navient in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Navient.
Has Navient been receiving favorable news coverage?
News articles about NAVI stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Navient earned a news sentiment score of 0.7 on InfoTrie's scale. They also gave news headlines about the credit services provider a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term.
Who are some of Navient's key competitors?
Some companies that are related to Navient include Raymond James (RJF), MarketAxess (MKTX), SEI Investments (SEIC), Virtu Financial (VIRT), Stifel Financial (SF), Waddell & Reed Financial (WDR), Wisdom Tree Investments (WETF), Investment Technology Group (ITG), Piper Jaffray Companies (PJC), Associated Capital Group (AC), Gamco Investors (GBL), Greenhill & Co., Inc. (GHL), Freedom (FRHC), Cowen (COWN) and Oppenheimer (OPY).
Who are Navient's key executives?
Navient's management team includes the folowing people:
- Mr. John F. Remondi, Pres, CEO & Director (Age 55)
- Mr. Christian M. Lown, Exec. VP & CFO (Age 48)
- Mr. Timothy J. Hynes IV, Exec. VP & Chief Information Officer (Age 48)
- Mr. Mark L. Heleen, Chief Legal Officer, Exec. VP & Sec. (Age 55)
- Mr. John M. Kane, Group Pres of Bus. Processing Solutions (Age 49)
Who are Navient's major shareholders?
Navient's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Canyon Capital Advisors LLC (9.94%), Vanguard Group Inc. (9.26%), BlackRock Inc. (8.93%), Dimensional Fund Advisors LP (4.62%), LSV Asset Management (2.59%) and FMR LLC (2.21%). Company insiders that own Navient stock include Christian M Lown, Gilleland Diane Suitt, John M Kane and Stephen M Hauber. View Institutional Ownership Trends for Navient.
Which institutional investors are selling Navient stock?
NAVI stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, BlackRock Inc., Prudential Financial Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., Alliancebernstein L.P., FMR LLC and Morgan Stanley. View Insider Buying and Selling for Navient.
Which institutional investors are buying Navient stock?
NAVI stock was acquired by a variety of institutional investors in the last quarter, including WBI Investments Inc., Thornburg Investment Management Inc., Matarin Capital Management LLC, Man Group plc, WINTON GROUP Ltd, Assenagon Asset Management S.A., LSV Asset Management and Robeco Institutional Asset Management B.V.. View Insider Buying and Selling for Navient.
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 $9.93.
How big of a company is Navient?
Navient has a market capitalization of $2.74 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.
What is Navient's official website?
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 (NASDAQ 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.
