Navient previews second-quarter 2015 earnings, updates 2015 guidance
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Compass Point Cuts Price on Navient (NAVI) Following a Weak Pre-Announcement
July 14, 2015 7:03 AM EDTCompass Point reiterates a Neutral rating on Navient Corporation (NASDAQ: NAVI), and cuts the price target to $16.50 (from $22.00), after the company pre-announced weak 2Q15 earnings. Management lowered its 2015 core EPS guidance to $1.85, from $2.20. NAVI is expected to report its 2Q15 earnings on July 21st.... More
Navient (NAVI) Guides Q2 EPS Below Expectations, Cuts FY15 EPS Outlook
July 13, 2015 4:16 PM EDTNavient (NASDAQ: NAVI) announced that it expects second-quarter 2015 core earnings of approximately $0.40 diluted earnings per share, or GAAP earnings of approximately $0.47 diluted earnings per share. In addition, the company revised its guidance for full-year 2015 core earnings to approximately $1.85 diluted earnings per share.
*** The Street sees Q2 EPS of $0.55 and FY15 EPS of $2.20.
Expected second-quarter results and the revised core earnings guidance are driven primarily by the following factors:
As a result of aggressive market pricing for private education loan portfolios, the company has removed from 2015 guidance additional private loan... More