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 Ratio28.03
Current Ratio21.07
Quick Ratio21.07
Price-To-Earnings
Trailing P/E Ratio7.37
Forward P/E Ratio7.03
P/E Growth1.19
Sales & Book Value
Annual Sales$5.18 billion
Price / Sales0.67
Cash Flow$1.9716 per share
Price / Cash6.70
Book Value$13.25 per share
Price / Book1.00
Profitability
EPS (Most Recent Fiscal Year)$1.79
Net Income$292 million
Net Margins6.43%
Return on Equity13.91%
Return on Assets0.43%
Miscellaneous
Employees6,700
Outstanding Shares264,610,000
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 announced a quarterly dividend on Wednesday, April 4th. Investors of record on Friday, June 1st will be paid 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 is Thursday, May 31st. View Navient's Dividend History.
How will Navient's stock buyback program work?
Navient declared that its board has authorized a stock buyback program on Thursday, October 5th 2017, which authorizes the company to buyback outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's management believes its stock is undervalued.
How were Navient's earnings last quarter?
Navient Corp (NASDAQ:NAVI) posted its quarterly earnings results on Tuesday, April, 24th. The credit services provider reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. The credit services provider had revenue of $329 million for the quarter, compared to the consensus estimate of $313 million. Navient had a return on equity of 13.91% and a net margin of 6.43%. During the same quarter last year, the company earned $0.37 EPS. View Navient's Earnings History.
When is Navient's next earnings date?
What price target have analysts set for NAVI?
11 brokerages have issued twelve-month price targets for Navient's shares. Their forecasts range from $14.00 to $20.00. On average, they anticipate Navient's stock price to reach $16.7188 in the next year. View Analyst Ratings for Navient.
Who are some of Navient's key competitors?
Some companies that are related to Navient include Raymond James (RJF), SEI Investments (SEIC), MarketAxess (MKTX), Virtu Financial (VIRT), Stifel Financial (SF), Wisdom Tree Investments (WETF), Waddell & Reed Financial (WDR), Piper Jaffray Companies (PJC), Associated Capital Group (AC), Gamco Investors (GBL), Investment Technology Group (ITG), Greenhill & Co., Inc. (GHL), Cowen Inc Class A (COWN), Oppenheimer (OPY) and Siebert Financial (SIEB).
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?
News coverage about NAVI stock has trended somewhat positive this week, according to Accern. The research group scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public 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 0.08 on Accern's scale. They also gave news headlines about the credit services provider an impact score of 45.95 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Navient's major shareholders?
Navient's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Barrow Hanley Mewhinney & Strauss LLC (10.59%), Canyon Capital Advisors LLC (7.61%), Boston Partners (6.74%), BlackRock Inc. (6.43%), Dimensional Fund Advisors LP (4.48%) and Prudential Financial Inc. (2.81%). Company insiders that own Navient stock include Bates Ann Torre, Christian M Lown, Gilleland Diane Suitt, John M Kane, Stephen M Hauber and William M Diefenderfer III. 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 Legal & General Group Plc, Barrow Hanley Mewhinney & Strauss LLC, JPMorgan Chase & Co., BlackRock Inc., Millennium Management LLC, UBS Group AG, Northern Trust Corp and Alps Advisors Inc.. Company insiders that have sold Navient company stock in the last year include John M Kane and Stephen M Hauber. View Insider Buying and Selling for Navient.
Which institutional investors are buying Navient stock?
NAVI stock was purchased by a variety of institutional investors in the last quarter, including Canyon Capital Advisors LLC, Eaton Vance Management, Prudential Financial Inc., EJF Capital LLC, Dimensional Fund Advisors LP, Robeco Institutional Asset Management B.V., Todd Asset Management LLC and Boston Partners. 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 $13.21.
How big of a company is Navient?
Navient has a market capitalization of $3.54 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.
