Navient (NAVI) Tops Q1 EPS by 3c

Navient (NASDAQ: NAVI) reported Q1 EPS of $0.44, $0.03 better than the analyst estimate of $0.41.

“This quarter’s results benefited from the continued improvement in credit. Our private education loans continue to demonstrate positive trends with lower delinquency rates and defaults. We have also seen an improving delinquency rate for the federal loans we service,” said Jack Remondi, Navient president and CEO. “This quarter we returned to the FFELP asset-backed market even as the rating agency reviews remain open. This demonstrates the strength of the collateral and structure of our deals as well as the attractiveness of the bonds to investors. We continue on track to meet our plan targets across our business lines.”

For earnings history and earnings-related data on Navient (NAVI) click here.

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