NAVI Stock Recent News

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.

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.

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 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.

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.

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) 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.

WILMINGTON, Del., April 05, 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 first quarter financial results on Wednesday, April 26, 2023, at 8:00 a.m. Eastern Time. The results are scheduled to be released by 7:00 a.m. on SEC.gov and on Navient.com/investors. The live audio webcast and presentation slides also will be available on Navient.com/investors under Events & Presentations.

Navient (NAVI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Navient (NAVI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.