Navient

Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Lending, Business Processing and Other. The Federal Education Loans segment owns FFELP Loans and performs servicing and asset recovery services on FFELP Loan portfolio. The Consumer Lending segment owns, originates, acquires and services high-quality private education loans. The Business Processing segment engages in the provision of government and healthcare services. The Other segment consists of corporate liquidity portfolio, gains and losses incurred on the repurchase of debt, unallocated expenses of shared services and restructuring/other reorganization expenses. The company was founded on November 7, 2013 and is headquartered in Wilmington, DE.

Earnings data Q1 2024

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Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Lending, Business Processing and Other. The Federal Education Loans segment owns FFELP Loans and performs servicing and asset recovery services on FFELP Loan portfolio. The Consumer Lending segment owns, originates, acquires and services high-quality private education loans. The Business Processing segment engages in the provision of government and healthcare services. The Other segment consists of corporate liquidity portfolio, gains and losses incurred on the repurchase of debt, unallocated expenses of shared services and restructuring/other reorganization expenses. The company was founded on November 7, 2013 and is headquartered in Herndon, VA.

A fall in core NII and total other income, and higher expenses hinder Navient's (NAVI) second-quarter 2023 earnings.

Navient (NAVI) Q2 Earnings Miss on NII Dip, Expenses Rise

Navient Corporation (NASDAQ:NAVI ) Q2 2023 Earnings Conference Call July 26, 2023 8:00 AM ET Company Participants Jen Earyes - VP, IR Dave Yowan - CEO Joe Fisher - CFO Conference Call Participants Bill Ryan - Seaport Research Partners Jeff Adelson - Morgan Stanley Rick Shane - JPMorgan Sanjay Sakhrani - KBW Giuliano Bologna - Compass Point Operator Good day. And thank you for standing by.

Navient Corporation (NAVI) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Navient (NAVI) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Navient (NAVI) Q2 Earnings: A Look at Key Metrics

Navient (NAVI) came out with quarterly earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.92 per share a year ago.

Navient (NAVI) Misses Q2 Earnings and Revenue Estimates

HERNDON, Va., July 26, 2023 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, today posted its 2023 second quarter financial results. The complete financial results release is available on the company's website at Navient.com/investors. The results will also be available on Form 8-K on the SEC's website at www.sec.gov.

Navient posts second quarter 2023 financial results

Navient (NAVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Navient (NAVI) to Report a Decline in Earnings: What to Look Out for

Declining NII, weakening loan demand, and a rise in expenses are likely to affect Navient's (NAVI) Q2 results. Nonetheless, growth in fee income is likely to support financials.

Navient's (NAVI) Q2 Earnings to be Hit by Decline in NII

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SoFi, Navient, and SLM stand to benefit from payment resumption as some borrowers will need to extend and refinance their loans. The Biden administration is considering alternatives to provide relief to borrowers, which may affect the timing of student loan repayments.

These 3 Stocks Benefit From Student Loan Repayments, but Only 1 Is a Long-Term Buy

HERNDON, Va., July 11, 2023 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, will host an audio webcast to review its 2023 second quarter financial results on Wednesday, July 26, 2023, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov.

Navient to announce second quarter 2023 results, host earnings webcast on July 26

Navient provides student loans and should benefit from the recent debt ceiling deal, which resumes student loan payments later this year. There could be an uptick in student loan re-financings if borrowers look to extend the duration of their loans.

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WILMINGTON, Del., June 05, 2023 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, announced that it plans to transition outstanding U.S. Dollar (USD) LIBOR-indexed Navient-issued instruments to Secured Overnight Financing Rate (SOFR) after June 30, 2023. USD LIBOR will stop being published after June 30, 2023 and will be replaced by SOFR in many financial contracts.

Navient completes plans for orderly LIBOR transition

Navient (NAVI) reported earnings 30 days ago. What's next for the stock?

Why Is Navient (NAVI) Down 8% Since Last Earnings Report?

Navient's (NAVI) focus on in-school loan originations and recurring revenue business model aid top-line growth. However, low liquidity, limited growth prospects and loan repricing risks are concerning.

High Loan Originations Aid Navient (NAVI) Amid Low Liquidity

WILMINGTON, Del., May 25, 2023 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, announced that its board of directors approved a 2023 second quarter dividend of $0.16 per share on the company's common stock.

Navient declares second quarter common stock dividend

March-April, 2022, UBS, Kiplinger, and Barron's analysts/reporters listed five-sets of stocks sorted=as: “Inflation-Busters.” Those five articles revealed 47 equities, with 42 paying dividends. This over one-year-old list continues to beat-back rampant inflation.

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WILMINGTON, Del., April 27, 2023 (GLOBE NEWSWIRE) -- The Boys & Girls Club of Delaware, a seasoned leader in youth development, and Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, are hosting a college planning conference to help young people and their families access career and college planning resources.

Boys & Girls Clubs of Delaware, Navient to host May 6 college planning conference

Navient Corporation (NAVI) Q1 2023 Earnings Call Transcript.

Navient Corporation (NAVI) Q1 2023 Earnings Call Transcript

A fall in core net interest income (NII) and total other income, as well as higher expenses, hinders Navient's (NAVI) first-quarter 2023 earnings. However, a decrease in expenses acts as a tailwind.

Navient (NAVI) Q1 Earnings & NII Top Estimates, Provisions Dip

The headline numbers for Navient (NAVI) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Navient (NAVI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Navient (NAVI) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.90 per share a year ago.

Navient (NAVI) Beats Q1 Earnings and Revenue Estimates

WILMINGTON, Del., April 26, 2023 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, today posted its 2023 first quarter financial results. The complete financial results release is available on the company's website at Navient.com/investors. The results will also be available on Form 8-K on the SEC's website at www.sec.gov.

Navient posts first quarter 2023 financial results

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Recessionary fears and worsening asset quality hurt the Zacks Consumer Loans industry players. Efforts to digitize operations, decent loan demand and the easing lending standards will aid companies like Credit Acceptance (CACC), SLM Corp (SLM) and Navient (NAVI).

News for Navient Stock (NAVI)