Navient Corp (NASDAQ:NAVI) – Investment analysts at Oppenheimer upped their Q1 2019 earnings per share (EPS) estimates for shares of Navient in a report released on Monday, March 25th, according to Zacks Investment Research. Oppenheimer analyst D. Gabriele now forecasts that the credit services provider will post earnings of $0.49 per share for the quarter, up from their prior forecast of $0.48. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Navient’s FY2020 earnings at $2.06 EPS.
Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Navient from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Zacks Investment Research cut shares of Navient from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. JPMorgan Chase & Co. upgraded shares of Navient from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $13.00 to $12.00 in a research report on Wednesday, January 16th. Finally, ValuEngine upgraded shares of Navient from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.55.
Navient (NASDAQ:NAVI) last issued its earnings results on Tuesday, January 22nd. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. Navient had a net margin of 7.04% and a return on equity of 14.08%. The business had revenue of $307.00 million for the quarter, compared to analyst estimates of $315.67 million. During the same quarter in the prior year, the business posted $0.43 EPS.
A number of hedge funds have recently added to or reduced their stakes in the business. Doyle Wealth Management bought a new stake in Navient in the 4th quarter valued at $46,000. Bessemer Group Inc. boosted its holdings in Navient by 165.5% in the 4th quarter. Bessemer Group Inc. now owns 5,437 shares of the credit services provider’s stock valued at $48,000 after purchasing an additional 3,389 shares during the period. Jane Street Group LLC bought a new stake in Navient in the 4th quarter valued at $93,000. Janus Henderson Group PLC bought a new stake in Navient in the 3rd quarter valued at $151,000. Finally, Signition LP boosted its holdings in Navient by 13.6% in the 4th quarter. Signition LP now owns 11,362 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 1,358 shares during the period. Institutional investors own 96.26% of the company’s stock.
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 in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program 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, and federal education loans owned by the United States Department of Education and other institutions.
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