Navient Corporation (NASDAQ:NAVI) is reporting third quarter earnings results on Tuesday 20th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.78 per share.
For the full year, analysts predict revenues of $ 1180.64 million, while looking forward to income of $ 2.91 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.95 ~ $ 3.00 per share
Click Here For More Historical Outlooks Of Navient Corporation
Previous Quarter Performance
Navient Corporation revealed income for the second quarter of $ 0.91 per share, from the revenue of $ 329.00 million. The quarterly earnings grew 22.97 percent while revenues escalated 11.15 percent compared with the same quarter last year.
Street analysts expected Navient Corporation to report income of $ 0.46 per share on revenue of $ 272.00 million for the second quarter. The bottom line results beat street analysts by $ 0.45 or 97.83 percent, at the same time, top line results outshined analysts by $ 57.00 million or 20.96 percent.
Stock Performance
Shares of Navient Corporation traded low $ -0.05 or -0.51 percent on Monday, reaching $ 9.74 with volume of 1.78 million shares. Navient Corporation has traded high as $ 9.99 and has cracked $ 9.71 on the downward trend
According to the previous trading day, closing price of $ 9.74, representing a 140.54 % increase from the 52 week low of $ 4.07 and a 36.84 % decrease over the 52 week high of $ 15.50.
The company has a market capital of $ 1.89 billion and is part of the Financial Services sector and Credit Services industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.16 per share on August 7, 2020. The dividend were payable on September 18, 2020 to holders of record as of the close of business on September 4, 2020 and ex-dividend date on September 3, 2020.
Conference Call
Navient Corporation will be hosting a conference call at 8:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.navient.com
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.
