Navient (NASDAQ:NAVI) is scheduled to be announcing its earnings results after the market closes on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.42 per share for the quarter.

Navient (NASDAQ:NAVI) last posted its quarterly earnings data on Tuesday, October 17th. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $343.00 million for the quarter, compared to analyst estimates of $361.33 million. Navient had a net margin of 10.88% and a return on equity of 14.09%. The business’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. On average, analysts expect Navient to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Navient (NASDAQ:NAVI) opened at $13.88 on Tuesday. The stock has a market cap of $3,650.61, a P/E ratio of 7.67, a PEG ratio of 1.25 and a beta of 2.37. Navient has a 12 month low of $11.48 and a 12 month high of $17.05. The company has a debt-to-equity ratio of 30.58, a quick ratio of 33.10 and a current ratio of 33.10.

Navient announced that its board has initiated a share repurchase plan on Wednesday, October 4th that permits the company to buyback outstanding shares. This buyback authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

A number of analysts have recently issued reports on NAVI shares. Zacks Investment Research lowered shares of Navient from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Barclays reiterated an “overweight” rating and set a $17.00 price objective on shares of Navient in a research note on Tuesday, November 14th. ValuEngine upgraded shares of Navient from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. UBS Group started coverage on shares of Navient in a research note on Monday, January 8th. They set a “market perform” rating on the stock. Finally, Jefferies Group reiterated a “hold” rating and set a $16.00 price objective on shares of Navient in a research note on Monday, October 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $17.36.

In related news, CFO Christian M. Lown purchased 6,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was acquired at an average price of $12.35 per share, for a total transaction of $74,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.68% of the stock is currently owned by insiders.

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About Navient

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).

Earnings History for Navient (NASDAQ:NAVI)

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