Navient Corporation (NASDAQ:NAVI) is reporting second quarter financial results on Tuesday 21st July 2020, after market close.
According to analysts surveyed by Thomson Reuters, NAVI is expected to report 2Q20 income of $ 0.46 per share from revenue of $ 272.00 million.
For the full year, analysts anticipate top line of $ 1107.43 million, while looking forward to income of $ 2.22 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.00 ~ $ 3.10 per share
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Previous Quarter Performance
Navient Corporation announced income for the first quarter of $ 0.51 per share, from the revenue of . The quarterly earnings decreased 12.20 percent while revenues compared with the same quarter last year.
According to street consensus, income of $ 0.60 was expected per share The bottom line results missed street analysts by $ 0.09 or 15 percent, at the same time, top line results analysts by $ 1.63 million or .
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NAVI was $ 7.06, representing a 73.46 % increase from the 52 week low of $ 4.07 and a 54.95 % decrease over the 52 week high of $ 15.67.
The company has a market capital of $ 1.37 billion and is part of the Financial Services sector and Credit Services industry.
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Recent Stock Dividend Announcement
On May 21, 2020, the board of directors authorized quarterly dividend of $ 0.16 per share to holders of record as of the close of business on June 5, 2020, with payment date of June 19, 2020 and ex-dividend date on June 4, 2020.
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.
