MARKET COMPOSITE
NAVI - Navient Corp3:32:15 PM 4/25/2024
Price
$15.51
-0.58 (-3.60%)
Navient is a U.S. corporation based in Wilmington, Delaware, whose operations include servicing and collecting student loans. Managing nearly $300 billion in student loans for more than 12 million debtors, 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. As of 2018, Navient services 25% of student loans in the United States. Navient was established as Sallie Mae in 1973 as a Government-Sponsored Enterprise called Student Loan Marketing Association . The company was created by Congress to support the student loan program established by the Higher Education Act of 1965.
Financials
Quarterly financials
(USD)Mar 2024Q/Q
Revenue77MM-5%
Operating Income88MM-338%
Operating Expenses183MM-8%
Net Income73MM-361%
Compensation101MM+2%
Interest Expense875MM-5%
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Stock news

    Although the revenue and EPS for Navient (NAVI) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

    A rise in the total other income and a fall in expenses aid Navient's (NAVI) first-quarter 2024 earnings.

    HERNDON, Va., April 24, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, today posted its 2024 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 will hold a live audio webcast today, April 24, 2024, at 8 a.m. ET, hosted by David Yowan, pr

    Navient's (NAVI) Q1 results are expected to reflect sequential improvements in asset recovery and business-processing revenues, and NII. Servicing revenues are likely to have been affected.

    Sallie Mae (SLM) 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.

    HERNDON, Va., April 10, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, will host an audio webcast to review its 2024 first quarter financial results on Wednesday, April 24, 2024, 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

    HORSEHEADS, N.Y., April 09, 2024 (GLOBE NEWSWIRE) -- Duncan Solutions, a full-service transportation management company and a leading provider of parking and tolling management solutions, is pleased to welcome Jason Sutton as Senior Vice President, Parking and Mobility Solutions. “Jason brings decades of experience and an established track record of driving innovation in our industry,” says James Kennedy, Chief Operating Officer, Duncan Solutions. “His forward-looking thought leadership will be

    Navient (NAVI) gains from in-school originations and a recurring revenue business model. However, limited growth opportunities and unmanageable debt levels are near-term concerns.

    Navient Corporation ( NASDAQ:NAVI ) is about to trade ex-dividend in the next 4 days. The ex-dividend date is one...

    The board of Navient Corporation ( NASDAQ:NAVI ) has announced that it will pay a dividend on the 15th of March, with...