Navient Reports First-Quarter 2016 Financial Results

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Compass Point Raises Price Target on Navient (NAVI) Following 1Q Earnings Call

April 20, 2016 1:25 PM EDT

Compass Point reiterated a Neutral rating on Navient Corporation (NASDAQ: NAVI), and raised the price target to $13.00 (from $11.00), following the company's 1Q earnings call. Management continues to expect the final outcome from Moody's and Fitch reviews to be more favorable than initial guidance/commentary. Also, given the resumption of FFELP ABS activity, management expects there to be renewed interest from legacy holders to sell their... More

Navient (NAVI) Tops Q1 EPS by 3c

April 19, 2016 4:18 PM EDT

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

This quarters 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... More