Navient Corporation (NAVI) Receives Media Impact Rating of 0.07
Media headlines about Navient Corporation (NASDAQ:NAVI) have trended somewhat positive on Tuesday, Accern reports. The research firm ranks 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 one, with scores nearest to one being the most favorable. Navient Corporation earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news articles about the credit services provider an impact score of 44.5315821281742 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Stupefying Stocks Navient Corporation (NASDAQ:NAVI) a Credit Services Company – The Stock Street (press release) (thestreetpoint.com)
- EQUITY ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Navient Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 15, 2017 – NAVI (finance.yahoo.com)
- Navient partners with United Way campaign (citizensvoice.com)
Several research analysts recently weighed in on the stock. BidaskClub cut shares of Navient Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Compass Point cut shares of Navient Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $16.50 to $15.50 in a research report on Thursday, October 5th. Zacks Investment Research raised Navient Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. BMO Capital Markets cut their target price on Navient Corporation from $16.00 to $14.00 and set a “market perform” rating for the company in a research note on Thursday, October 19th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $16.00 target price on shares of Navient Corporation in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.00.
Shares of Navient Corporation (NAVI) traded down $0.23 on Tuesday, reaching $12.59. The company’s stock had a trading volume of 3,921,628 shares, compared to its average volume of 2,855,241. The stock has a market capitalization of $3,280.00, a price-to-earnings ratio of 7.06 and a beta of 2.35. 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 Corporation has a 1-year low of $11.48 and a 1-year high of $17.95.
Navient Corporation (NASDAQ:NAVI) last released its quarterly earnings data on Tuesday, October 17th. The credit services provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $343.00 million during the quarter, compared to analyst estimates of $361.33 million. Navient Corporation had a return on equity of 14.09% and a net margin of 10.88%. The business’s quarterly revenue was down 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 earnings per share. equities research analysts anticipate that Navient Corporation will post 1.76 EPS for the current year.
Navient Corporation announced that its board has authorized a share repurchase plan on Wednesday, October 4th that authorizes the company to buyback shares. This buyback authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Thursday, November 30th. Navient Corporation’s dividend payout ratio (DPR) is presently 35.16%.
In related news, CFO Christian M. Lown acquired 6,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was purchased at an average price of $12.35 per share, with a total value of $74,100.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John M. Kane sold 28,886 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $15.00, for a total value of $433,290.00. The disclosure for this sale can be found here. Corporate insiders own 1.68% of the company’s stock.
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About Navient Corporation
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).
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