Oppenheimer analyst Dominick Gabriele maintained a Hold rating on Navient (NASDAQ: NAVI) today. The company’s shares closed yesterday at $11.85, close to its 52-week low of $11.71.
Gabriele said:
“NAVI reported GAAP EPS of $0.43, “core” EPS ex one-time expenses (worth additional $0.03) of $0.53, vs. our $0.50E. Better results came from stronger “core” PPE. There are some headwinds to EPS growth in 2019 vs. 2018 as NIM could compress from expected penetration of refinance originations in the consumer segment. Revenue could face pressure from loss of a Puerto Rico toll partnership. That said we think that growth in refinance although putting pressure on near-term earnings could ultimately become an avenue to offset FFELP loans running off. We think that profitability is likely lower than one would expect by the time they bump up against SLM as both companies try to grow/maintain their businesses. Capital return continues with a $1.065B share repurchase plan outstanding.”
According to TipRanks.com, Gabriele is a 1-star analyst with an average return of -1.0% and a 25.0% success rate. Gabriele covers the Financial sector, focusing on stocks such as Capital One Financial, Synchrony Financial, and American Express.
The the analyst consensus on Navient is currently a Hold rating.
See today’s analyst top recommended stocks >>
Navient’s market cap is currently $3.14B and has a P/E ratio of 10.77. The company has a Price to Book ratio of 0.85.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 Family Education Loan Program (FFELP) Loans, Private Education Loans, Business Services, and Other.
