Get Stock Quote Here Navient (NAVI) is a publicly traded U.S. corporation based in Wilmington, Delaware whose operations include servicing and collecting on student loans. Managing nearly $300 billion in student loans for more than 12 million customers, the company was formed in 2014 by the split of Sallie Mae into two distinct entities, Sallie Mae Bank and Navient. Navient employs 6,000 individuals at offices across the U.S.
Q3 ER Estimates: Earnings Whisper: $0.46 Consensus: $0.47 Revenue: $389.00 Mil Date & Time of ER: Tuesday Oct 18 4:35 PM ET
Upcoming dividend information: Ex-Div-Date: 11/30/16 Payment Date: 12/16/16 Dividend: $0.16 Current Price: $17.62 Annual Yield: 3.63%
EPS miss of $0.06, revenue miss with decline of -30% from last year. And this goes up +6% after hours. Was reading a couple days ago that this is one of the frontrunners for a big government contract. Which may or may not happen; this article sets the stage: https://www.nytimes.com/2017/04/14/...-department-federal-student-loan-program.html If this does get a big government contract (possibly the primary servicer of student loans--but who knows what this administration is going to do), to go along with P/E of 7 and 4.3% dividend, you can see why this is going up--the reward:risk is just too great to pass up here.
Now down -2.6% AH. Perhaps the earlier +6% was traders anticipating a beat. See what it does tomorrow
