Navient Corporation

NAVI

US63938C1080

Consumer Lending

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-10 pm EDT			5-day change	1st Jan Change
15.48 ^USD	+0.32%		-3.13%	-16.86%

Apr. 29	Navient Corporation Appoints Leadership Changes	CI
Apr. 25	Keefe, Bruyette & Woods Adjusts Price Target on Navient to $17 From $19, Keeps Market Perform Rating	MT

Navient Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

July 26, 2023 at 06:07 am EDT

Navient Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was USD 66 million compared to USD 180 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to USD 1.23 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 1.22 a year ago.
For the six months, net income was USD 177 million compared to USD 435 million a year ago. Basic earnings per share from continuing operations was USD 1.4 compared to USD 2.93 a year ago. Diluted earnings per share from continuing operations was USD 1.39 compared to USD 2.9 a year ago.

Latest news about Navient Corporation

Navient Corporation Appoints Leadership Changes	Apr. 29	CI
Keefe, Bruyette & Woods Adjusts Price Target on Navient to $17 From $19, Keeps Market Perform Rating	Apr. 25	MT
Deutsche Bank Adjusts Navient Price Target to $16 From $18, Maintains Hold Rating	Apr. 25	MT
Navient Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 24	CI
Navient Q1 Core Earnings, Revenue Fall; Shares Drop	Apr. 24	MT
Tranche Update on Navient Corporation's Equity Buyback Plan announced on December 13, 2021.	Apr. 24	CI
Transcript : Navient Corporation, Q1 2024 Earnings Call, Apr 24, 2024	Apr. 24
Navient Corporation Announces Not Standing for Reelection of Laura S. Unger to the Board	Apr. 11	CI
North American Morning Briefing : Focus Turns to -2-	Apr. 04	DJ
JPMorgan Upgrades Navient to Neutral From Underweight, Trims Price Target to $17 From $18	Apr. 03	MT
Navient Keeps Quarterly Dividend at $0.16 a Share, Payable March 15 to Shareholders as of March 1	Feb. 16	MT
Navient Corporation Declares Dividend for the First Quarter of 2024, Payable on March 15, 2024	Feb. 15	CI
Deutsche Bank Trims Navient Price Target to $18 From $19, Maintains Hold Rating	Feb. 01	MT
JPMorgan Trims Navient Price Target to $18 From $19, Maintains Underweight Rating	Feb. 01	MT
News Highlights : Top Financial Services News of the Day - Wednesday at 4 PM ET	Jan. 31	DJ
News Highlights : Top Financial Services News of the Day - Wednesday at 11 AM ET	Jan. 31	DJ
Tranche Update on Navient Corporation's Equity Buyback Plan announced on December 13, 2021.	Jan. 31	CI
Navient Q4 Core Earnings, Revenue Fall	Jan. 31	MT
Transcript : Navient Corporation, Q4 2023 Earnings Call, Jan 31, 2024	Jan. 31
News Highlights : Top Financial Services News of the Day - Wednesday at 7 AM ET	Jan. 31	DJ
Navient Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Jan. 31	CI
Navient Outlines Strategic Actions, Including Potential Sale of Business Processing Division	Jan. 31	MT
News Highlights : Top Financial Services News of the Day - Wednesday at 12 AM ET	Jan. 31	DJ
North American Morning Briefing : Microsoft Kicks -2-	Jan. 30	DJ
Biden Administration Approves Additional $4.9 Billion in Student Debt Relief for 73,600 Borrowers	Jan. 19	MT

Chart Navient Corporation

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Company Profile

Navient Corporation provides technology-enabled education finance and business processing solutions. The Company operates through three segments: Federal Education Loans, Consumer Lending and Business Processing. In the Federal Education Loans segment, it owns Federal Family Education Loan Program (FFELP) loans and performs servicing on this portfolio. It also service FFELP Loans owned by other institutions. In the Consumer Lending segment, it owns originates and services in-school and refinance Private Education Loans. In the Business Processing segment, it provides business processing solutions, such as omnichannel contact center services, workflow processing, and revenue cycle optimization. It offers solutions to federal agencies, state governments, tolling and parking authorities, and other public sector clients. The Company's clients include hospitals, hospital systems, medical centers, large physician groups, other healthcare providers and public health departments.

Sector

Consumer Lending

Calendar

2024-05-23 - Annual General Meeting

Related indices

Russell 2000

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Ratings for Navient Corporation

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

15.48 USD

Average target price

14.88 USD

Spread / Average Target

-3.91%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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