Announcement • Jul 02
Navient Corporation to Report Q2, 2026 Results on Aug 06, 2026 Navient Corporation announced that they will report Q2, 2026 results at 4:00 PM, US Eastern Standard Time on Aug 06, 2026 Declared Dividend • May 29
First quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 5th June 2026 Payment date: 19th June 2026 Dividend yield will be 8.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (19% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. Announcement • May 24
Navient Corporation Declares Second Quarter 2026 Common Stock Dividend, Payable on June 19, 2026 Navient Corporation announced that its board of directors approved a 2026 second quarter dividend of $0.16 per share on the company's common stock. The second quarter 2026 dividend will be paid on June 19, 2026, to shareholders of record at the close of business on June 5, 2026. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Chairman of the Board Ed Bramson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 03
Navient Corporation to Report Q1, 2026 Results on Apr 29, 2026 Navient Corporation announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on Apr 29, 2026 Announcement • Feb 24
Navient Corporation, Annual General Meeting, Jun 16, 2026 Navient Corporation, Annual General Meeting, Jun 16, 2026. Announcement • Feb 21
Navient Declares First Quarter Common Stock Dividend, Payable on March 20, 2026 Navient announced that its board of directors approved a 2026 first quarter dividend of $0.16 per share on the company's common stock. The first quarter 2026 dividend will be paid on Mar. 20, 2026, to shareholders of record at the close of business on Mar. 6, 2026. Announcement • Jan 14
Navient Corporation to Report Q4, 2025 Results on Jan 28, 2026 Navient Corporation announced that they will report Q4, 2025 results at 7:00 AM, US Eastern Standard Time on Jan 28, 2026 Announcement • Nov 13
Navient Corporation Approves Dividend for the Fourth Quarter of 2025, Payable on December 19, 2025 Navient Corporation announced that its board of directors approved a 2025 fourth quarter dividend of $0.16 per share on the company's common stock. The fourth quarter 2025 dividend will be paid on December 19, 2025, to shareholders of record at the close of business on December 5, 2025. Announcement • Oct 08
Navient Corporation to Report Q3, 2025 Results on Oct 29, 2025 Navient Corporation announced that they will report Q3, 2025 results at 7:00 AM, US Eastern Standard Time on Oct 29, 2025 Announcement • Aug 15
Navient Corporation Declares Third Quarter Common Stock Dividend, Payable on September 19, 2025 Navient Corporation announced that its board of directors approved a 2025 third quarter dividend of $0.16 per share on the company's common stock. The third quarter 2025 dividend will be paid on September 19, 2025, to shareholders of record at the close of business on September 5, 2025. Announcement • Jul 16
Navient Corporation to Report Q2, 2025 Results on Jul 30, 2025 Navient Corporation announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Jul 30, 2025 Announcement • Jun 30
Navient Corporation(NasdaqGS:NAVI) dropped from Russell 2000 Dynamic Index Navient Corporation(NasdaqGS:NAVI) dropped from Russell 2000 Dynamic Index Announcement • Jun 06
Navient Corporation Announces Linda Mills Did Not Stand for Reelection as Director Navient Corporation held its 2025 Annual Meeting of Shareholders on June 05, 2025, Linda Mills did not stand for reelection at the 2025 annual meeting. Ms. Mills joined the Navient board of directors in 2014 and served as chair since 2019. Announcement • May 09
Navient Corporation Declares Dividend for the Second Quarter of 2025, Payable on June 20, 2025 Navient Corporation declared dividend of $0.16 per share on the company's common stock for the second quarter of 2025. The dividend will be paid on June 20, 2025, to shareholders of record at the close of business on June 6, 2025. Announcement • Apr 09
Navient Corporation to Report Q1, 2025 Results on Apr 30, 2025 Navient Corporation announced that they will report Q1, 2025 results at 7:00 AM, US Eastern Standard Time on Apr 30, 2025 Announcement • Feb 27
Navient Corporation, Annual General Meeting, Jun 17, 2025 Navient Corporation, Annual General Meeting, Jun 17, 2025. Location: vitual meeting, United States Announcement • Feb 22
Navient Declares 2025 First Quarter Common Stock Dividend, Payable on March 21, 2025 Navient announced that its board of directors approved a 2025 first quarter dividend of $0.16 per share on the company's common stock. The first quarter 2025 dividend will be paid on March 21, 2025, to shareholders of record at the close of business on March 7, 2025. Announcement • Jan 08
Navient Corporation to Report Q4, 2024 Results on Jan 29, 2025 Navient Corporation announced that they will report Q4, 2024 results at 7:00 AM, US Eastern Standard Time on Jan 29, 2025 Announcement • Nov 14
Navient Corporation Declares 2024 Fourth Quarter Dividend, Payable on December 20, 2024 Navient Corporation announced that its board of directors approved a 2024 fourth quarter dividend of $0.16 per share on the company's common stock. The fourth quarter 2024 dividend will be paid on December 20, 2024, to shareholders of record at the close of business on December 6, 2024. Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.019 loss per share (vs US$0.66 profit in 3Q 2023) Third quarter 2024 results: US$0.019 loss per share (down from US$0.66 profit in 3Q 2023). Revenue: US$354.0m (up 1.1% from 3Q 2023). Net loss: US$2.00m (down 102% from profit in 3Q 2023). Revenue is expected to decline by 22% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 9.9%. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Oct 17
Navient Corporation Announces Executive Changes On October 11, 2024, the Board of Directors (the “Board”) of Navient Corporation (the “Company”) approved certain changes to the Company’s leadership team, following the successful sale of the Company’s healthcare services business in September 2024 and in connection with substantial progress made on its previously announced strategic actions. Effective October 11, 2024, Troy Standish, the Company’s Executive Vice President, Asset Management and Business Processing Operations, expanded his responsibilities by assuming the title of Executive Vice President & Chief Operating Officer. Mr. Standish’s responsibilities include overseeing the Company’s operations, the Company’s business processing solutions business, and the Company’s outsourced student loan servicing relationships. Mr. Standish will also continue to play a lead role in the execution of the Company’s strategic actions. Also as part of these leadership team changes, John Kane, the Company’s Group President, Business Processing Solutions, will depart the Company at the end of 2024. Mr. Standish, age 50, joined Sallie Mae in 2000. For more than 20 years, he has held various operational leadership roles throughout the Company, including most recently managing loan operations for the Company’s student loan portfolio and overseeing business processing operations as Executive Vice President, Asset Management and Business Processing Operations since April 2024. Mr. Standish is an active volunteer in the greater Wilkes-Barre, Pennsylvania, area. He serves as a Commissioner on the Pennsylvania Early Learning Investment Commission, a partnership of business leaders dedicated to making the success of every child in Pennsylvania a top priority. He has served as Chair of the Board of both the United Way of Wyoming Valley and the Greater Wilkes-Barre Chamber of Business and Industry. Announcement • Oct 02
Navient Corporation to Report Q3, 2024 Results on Oct 30, 2024 Navient Corporation announced that they will report Q3, 2024 results at 7:00 AM, US Eastern Standard Time on Oct 30, 2024 Announcement • Sep 20
Coding Solutions Acquisition, Inc. completed the acquisition of Xtend Healthcare LLC from Navient Corporation (NasdaqGS:NAVI). Coding Solutions Acquisition, Inc. agreed to acquire Xtend Healthcare LLC from Navient Corporation (NasdaqGS:NAVI) for approximately $370 million on August 7, 2024. A cash consideration of $365 million will be paid by Coding Solutions Acquisition, Inc. As part of consideration, $365 million is paid towards common equity of Xtend Healthcare LLC. The transaction is subject to subject to antitrust regulations and the expected to close by the end of September with subject to customary adjustments. As of June 30, 2024, the bookvalue of the Healthcare Services business was approximately $136 million, including $113 million of goodwill and acquired intangible assets. CorroHealth will continue to operate Xtend from its Hendersonville offices. As part of the agreement, approximately 950 employees will join CorroHealth. Latham & Watkins LLP acted as legal advisor for Coding Solutions Acquisition, Inc. Wilmer Cutler Pickering Hale and Dorr LLP acted as legal advisor for Navient Corporation. Houlihan Lokey, Inc. acted as financial advisor for Navient Corporation.
Coding Solutions Acquisition, Inc. completed the acquisition of Xtend Healthcare LLC from Navient Corporation (NasdaqGS:NAVI) on September 19, 2024. As part of the agreement, more than 925 Xtend employees joined the CorroHealth team. New Risk • Sep 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (16% net profit margin). Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Vice Chair of the Board of Directors Ed Bramson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 19
Second quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 6th September 2024 Payment date: 20th September 2024 Dividend yield will be 4.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 15
Navient Corporation Declares Third Quarter Common Stock Dividend, Payable on September 20, 2024 Navient Corporation announced that its board of directors approved a 2024 third quarter dividend of $0.16 per share on the company's common stock. The third quarter 2024 dividend will be paid on September 20, 2024, to shareholders of record at the close of business on September 6, 2024. Announcement • Aug 14
Coding Solutions Acquisition, Inc. agreed to acquire an unknown majority stake in Xtend Healthcare LLC from Navient Corporation (NasdaqGS:NAVI) for approximately $370 million. Coding Solutions Acquisition, Inc. agreed to acquire Xtend Healthcare LLC from Navient Corporation (NasdaqGS:NAVI) for approximately $370 million on August 7, 2024. A cash consideration of $365 million will be paid by Coding Solutions Acquisition, Inc. As part of consideration, $365 million is paid towards common equity of Xtend Healthcare LLC. The transaction is subject to subject to antitrust regulations and the expected to close by the end of September with subject to customary adjustments. As of June 30, 2024, the bookvalue of the Healthcare Services business was approximately $136 million, including $113 million of goodwill and acquired intangible assets. CorroHealth will continue to operate Xtend from its Hendersonville offices. As part of the agreement, approximately 950 employees will join CorroHealth. Latham & Watkins LLP acted as legal advisor for Coding Solutions Acquisition, Inc. Wilmer Cutler Pickering Hale and Dorr LLP acted as legal advisor for Navient Corporation. Houlihan Lokey, Inc. acted as financial advisor for Navient Corporation. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$0.32 (vs US$0.53 in 2Q 2023) Second quarter 2024 results: EPS: US$0.32 (down from US$0.53 in 2Q 2023). Revenue: US$233.0m (down 21% from 2Q 2023). Net income: US$36.0m (down 46% from 2Q 2023). Profit margin: 16% (down from 22% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 41% p.a. on average during the next 2 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 10%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jul 11
Navient Corporation to Report Q2, 2024 Results on Jul 24, 2024 Navient Corporation announced that they will report Q2, 2024 results at 7:00 AM, US Eastern Standard Time on Jul 24, 2024 Declared Dividend • Jun 03
First quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 7th June 2024 Payment date: 21st June 2024 Dividend yield will be 4.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.5% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 24
Navient Declares Second Quarter Common Stock Dividend, Payable on June 21, 2024 Navient announced that its board of directors approved a 2024 second quarter dividend of $0.16 per share on the company's common stock. The second quarter 2024 dividend will be paid on June 21, 2024, to shareholders of record at the close of business on June 7, 2024. New Risk • Apr 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.3% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (17% net profit margin). Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$0.65 (vs US$0.86 in 1Q 2023) First quarter 2024 results: EPS: US$0.65 (down from US$0.86 in 1Q 2023). Revenue: US$275.0m (down 18% from 1Q 2023). Net income: US$73.0m (down 34% from 1Q 2023). Profit margin: 27% (down from 33% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 30% p.a. on average during the next 2 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 9.8%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Apr 12
Navient Corporation, Annual General Meeting, May 23, 2024 Navient Corporation, Annual General Meeting, May 23, 2024, at 08:00 Eastern Daylight. Agenda: To consider election of directors; to consider ratify the appointment of KPMG LLP as Navient's independent registered public accounting firm for 2024; to consider Approving, in a non-binding advisory vote, the compensation paid to Navient's named executive officers; to approve the Navient Corporation 2024 Omnibus Incentive Plan to replace the expiring 2014 Omnibus Incentive Plan; and to consider other business issues. Announcement • Apr 11
Navient Corporation to Report Q1, 2024 Results on Apr 24, 2024 Navient Corporation announced that they will report Q1, 2024 results at 7:00 AM, US Eastern Standard Time on Apr 24, 2024 Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$1.87 (vs US$4.54 in FY 2022) Full year 2023 results: EPS: US$1.87 (down from US$4.54 in FY 2022). Revenue: US$1.16b (down 30% from FY 2022). Net income: US$228.0m (down 65% from FY 2022). Profit margin: 20% (down from 39% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 35% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 12%. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 3.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 16
Navient Corporation Declares Dividend for the First Quarter of 2024, Payable on March 15, 2024 Navient Corporation announced that its board of directors approved a 2024 first quarter dividend of $0.16 per share on the company's common stock. The first quarter 2024 dividend will be paid on March 15, 2024, to shareholders of record at the close of business on March 1, 2024. Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: US$1.87 (vs US$4.54 in FY 2022) Full year 2023 results: EPS: US$1.87 (down from US$4.54 in FY 2022). Revenue: US$1.16b (down 30% from FY 2022). Net income: US$228.0m (down 65% from FY 2022). Profit margin: 20% (down from 39% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 35% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 14%. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Feb 01
Now 21% undervalued Over the last 90 days, the stock has risen 5.7% to €16.44. The fair value is estimated to be €20.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to decline by 35% per annum. Earnings are also forecast to decline by 12% per annum over the same time period. Announcement • Jan 31
Navient Corporation to Report Q4, 2023 Results on Jan 31, 2024 Navient Corporation announced that they will report Q4, 2023 results at 7:00 AM, US Eastern Standard Time on Jan 31, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$0.66 (vs US$0.76 in 3Q 2022) Third quarter 2023 results: EPS: US$0.66 (down from US$0.76 in 3Q 2022). Revenue: US$350.0m (down 3.3% from 3Q 2022). Net income: US$79.0m (down 25% from 3Q 2022). Profit margin: 23% (down from 29% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 35% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 11%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Announcement • Oct 26
Navient Corporation Reports Charge Offs for the Third Quarter Ended September 30, 2023 Navient Corporation reported charge offs for the third quarter ended September 30, 2023. For the quarter, the company reported Net charge-offs of $114 million against $141 million a year ago. Announcement • Oct 12
Navient Corporation to Report Q3, 2023 Results on Oct 25, 2023 Navient Corporation announced that they will report Q3, 2023 results at 7:00 AM, Eastern Standard Time on Oct 25, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.16 per share at 3.6% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.3%). Announcement • Aug 11
Navient Corporation Declares Third Quarter Common Stock Dividend, Payable on September 15, 2023 Navient announced that its board of directors approved a 2023 third quarter dividend of $0.16 per share on the company's common stock. The third quarter 2023 dividend will be paid on September 15, 2023, to shareholders of record at the close of business on September 1, 2023. Recent Insider Transactions • Aug 04
Chief Legal Officer recently sold €345k worth of stock On the 31st of July, Mark Heleen sold around 20k shares on-market at roughly €17.25 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$0.53 (vs US$1.23 in 2Q 2022) Second quarter 2023 results: EPS: US$0.53 (down from US$1.23 in 2Q 2022). Revenue: US$296.0m (down 32% from 2Q 2022). Net income: US$66.0m (down 63% from 2Q 2022). Profit margin: 22% (down from 41% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 21% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 8.5%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 12
Navient Corporation to Report Q2, 2023 Results on Jul 26, 2023 Navient Corporation announced that they will report Q2, 2023 results at 7:00 AM, US Eastern Standard Time on Jul 26, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €16.29, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Consumer Finance industry in Europe. Total returns to shareholders of 175% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €25.44 per share. Announcement • May 26
Navient Corporation Declares Second Quarter Common Stock Dividend, Payable on June 16, 2023 Navient announced that its board of directors approved a 2023 second quarter dividend of $0.16 per share on the company's common stock. The second quarter 2023 dividend will be paid on June 16, 2023, to shareholders of record at the close of business on June 2, 2023. Reported Earnings • Apr 27
First quarter 2023 earnings released: EPS: US$0.87 (vs US$1.69 in 1Q 2022) First quarter 2023 results: EPS: US$0.87 (down from US$1.69 in 1Q 2022). Revenue: US$336.0m (down 38% from 1Q 2022). Net income: US$111.0m (down 56% from 1Q 2022). Profit margin: 33% (down from 47% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 14%. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$4.54 (vs US$4.22 in FY 2021) Full year 2022 results: EPS: US$4.54. Revenue: US$1.66b (down 27% from FY 2021). Net income: US$645.0m (down 10.0% from FY 2021). Profit margin: 39% (up from 32% in FY 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 31% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 9.4%. Reported Earnings • Jan 25
Full year 2022 earnings released: EPS: US$4.54 (vs US$4.22 in FY 2021) Full year 2022 results: EPS: US$4.54. Revenue: US$1.66b (down 27% from FY 2021). Net income: US$645.0m (down 10.0% from FY 2021). Profit margin: 39% (up from 32% in FY 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 33% p.a. on average during the next 2 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 9.0%. Announcement • Jan 10
Navient Corporation to Report Q4, 2022 Results on Jan 24, 2023 Navient Corporation announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Jan 24, 2023 Upcoming Dividend • Nov 24
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 01 December 2022. Payment date: 16 December 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.8%). Announcement • Nov 17
Navient Corporation Declares Dividend for the Fourth Quarter 2022, Payable on December 16, 2022 Navient Corporation announced that its board of directors approved a 2022 fourth quarter dividend of $0.16 per share on the company's common stock. The fourth quarter 2022 dividend will be paid on December 16, 2022, to shareholders of record at the close of business on December 2, 2022. Announcement • Oct 28
Navient Corporation Provides Earnings Guidance for the Year 2022 Navient Corporation provided earnings guidance for the year 2022. For the year, the company maintaining earnings per share guidance range of $3.35 to $3.45. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.75 (vs US$1.05 in 3Q 2021) Third quarter 2022 results: EPS: US$0.75 (down from US$1.05 in 3Q 2021). Revenue: US$362.0m (down 26% from 3Q 2021). Net income: US$105.0m (down 39% from 3Q 2021). Profit margin: 29% (down from 35% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Consumer Finance industry in Europe are expected to grow by 8.5%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Oct 12
Navient Corporation to Report Q3, 2022 Results on Oct 25, 2022 Navient Corporation announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Oct 25, 2022 Upcoming Dividend • Aug 25
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.0%). Announcement • Aug 12
Navient Declares Dividend for Third Quarter of 2022, Payable on September 16, 2022 Navient announced that its board of directors approved a 2022 third quarter dividend of $0.16 per share on the company's common stock. The third quarter 2022 dividend will be paid on September 16, 2022, to shareholders of record at the close of business on September 2, 2022. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$1.23 (vs US$1.06 in 2Q 2021) Second quarter 2022 results: EPS: US$1.23. Revenue: US$437.0m (down 14% from 2Q 2021). Net income: US$180.0m (down 2.7% from 2Q 2021). Profit margin: 41% (up from 36% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 51% compared to a 21% growth forecast for the industry in Germany. Announcement • Jul 13
Navient Corporation to Report Q2, 2022 Results on Jul 26, 2022 Navient Corporation announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 26, 2022 Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Michael Lawson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 26
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 17 June 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (4.5%). Announcement • May 20
Navient Declares Dividend for Second Quarter of 2022, Payable on June 17, 2022 Navient announced that its board of directors approved a 2022 second quarter dividend of $0.16 per share on the company's common stock. The second quarter 2022 dividend will be paid on June 17, 2022, to shareholders of record at the close of business on June 3, 2022. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$1.69 (vs US$2.02 in 1Q 2021) First quarter 2022 results: EPS: US$1.69 (down from US$2.02 in 1Q 2021). Revenue: US$544.0m (down 28% from 1Q 2021). Net income: US$255.0m (down 31% from 1Q 2021). Profit margin: 47% (down from 49% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 51% compared to a 81% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 22
Katherine Lehman to Leave Navient Board of Directors Navient announced that board member Katherine A. Lehman will not stand for reelection at Navient’s annual meeting of shareholders. Announcement • Apr 19
Navient Corporation, Annual General Meeting, Jun 02, 2022 Navient Corporation, Annual General Meeting, Jun 02, 2022. Announcement • Apr 07
Navient Corporation to Report Q1, 2022 Results on Apr 26, 2022 Navient Corporation announced that they will report Q1, 2022 results After-Market on Apr 26, 2022 Reported Earnings • Mar 01
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$4.22 (up from US$2.14 in FY 2020). Revenue: US$2.27b (up 48% from FY 2020). Net income: US$717.0m (up 74% from FY 2020). Profit margin: 32% (up from 27% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Over the next year, revenue is expected to shrink by 53% compared to a 91% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Feb 25
Navient Corporation Declares Dividend for the First Quarter of 2022, Payable on March 18, 2022 Navient Corporation announced that its board of directors approved a 2022 first quarter dividend of $0.16 per share on the company's common stock. The first quarter 2022 dividend will be paid on March 18, 2022, to shareholders of record at the close of business on March 4, 2022. Reported Earnings • Jan 26
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$4.23 (up from US$2.14 in FY 2020). Revenue: US$2.27b (up 48% from FY 2020). Net income: US$717.0m (up 74% from FY 2020). Profit margin: 32% (up from 27% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Over the next year, revenue is expected to shrink by 53% compared to a 100% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jan 14
Navient Corporation Reaches Agreements with State Attorneys General to Resolve Previously Disclosed Multistate Litigation and Investigations Navient announced that it has reached agreements with state attorneys general to resolve their previously disclosed multistate litigation and investigations. In the agreements, Navient expressly denies violating any law, including consumer-protection laws, or causing borrower harm. Navient also has agreed to maintain servicing practices that support borrower success. Navient will cancel loan balances of approximately 66,000 borrowers with certain qualifying private education loans that were originated largely between 2002 and 2010 and later defaulted and charged off. Navient will notify the affected borrowers and co-borrowers shortly after the agreements receive final court approvals. In addition, the company will make a one-time payment of approximately $145 million to the states. A portion of that payment will reimburse the states for their costs with the remaining funds to be used by the states to provide payments to certain student loan borrowers as determined by the states. Navient estimates that these costs are substantially lower than the expected costs of ongoing state-by-state litigation and investigations. Announcement • Dec 15
Levi & Korsinsky, LLP Announces a Proposed Settlement in the Navient Corporation Securities Litigation Levi & Korsinsky, LLP announced a proposed settlement in the Navient Corporation securities litigation, pursuant to Rule 23 of the Federal Rules of Civil Procedure that a hearing will be held on April 12, 2022, before the Honorable Robert B. Kugler, United States District Judge, in Courtroom 4D at the Mitchell H. Cohen Building & U.S. Courthouse, 4th & Cooper Streets, Camden, New Jersey 08101, for the purpose of determining, among other things, whether the following matters should be approved: (1) the proposed Settlement of the claims in the Litigation for the sum of $7,500,000.00 in cash should be approved by the Court as fair, reasonable and adequate to the Members of the Settlement Class; (2) whether, thereafter, the Litigation should be dismissed with prejudice as set in the Stipulation of Settlement dated November 16, 2021 ("Stipulation"); (3) whether the Plan of Allocation is fair, reasonable and adequate and therefore should be approved; and (5) whether the application of Lead Counsel for the payment of attorneys' fees and reimbursement of expenses incurred in connection with the Litigation and an award to the Lead Plaintiff should be approved. Announcement • Dec 14
Navient Corporation (NasdaqGS:NAVI) announces an Equity Buyback for $1,000 million worth of its shares. Navient Corporation (NasdaqGS:NAVI) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common stock. The repurchase program has no expiration date. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS US$1.05 (vs US$1.07 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$492.0m (down 1.4% from 3Q 2020). Net income: US$173.0m (down 16% from 3Q 2020). Profit margin: 35% (down from 42% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €16.37, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Consumer Finance industry in Europe. Total returns to shareholders of 66% over the past three years. Upcoming Dividend • Aug 26
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 17 September 2021. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.7%). Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS US$1.07 (vs US$0.64 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$511.0m (up 31% from 2Q 2020). Net income: US$185.0m (up 48% from 2Q 2020). Profit margin: 36% (up from 32% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 27
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 18 June 2021. Trailing yield: 3.7%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.5%). Announcement • May 21
Navient Declares 2021 Second Quarter Common Stock Dividend, Payable on June 18, 2021 Navient announced that its board of directors approved a 2021 second quarter dividend of $0.16 per share on the company's common stock. The second quarter 2021 dividend will be paid on June 18, 2021, to shareholders of record at the close of business on June 4, 2021. Recent Insider Transactions • May 09
Insider recently sold €187k worth of stock On the 6th of May, Stephen Hauber sold around 13k shares on-market at roughly €14.08 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €228k more than they sold in the last 12 months. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS US$2.02 (vs US$0.53 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$754.0m (up 480% from 1Q 2020). Net income: US$370.0m (up US$476.0m from 1Q 2020). Profit margin: 49% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Mar 04
Boys & Girls Clubs of America and Navient Partner to Bring Career and College Planning Resources to Support Equity for Youth in Under-Resourced Communities Boys & Girls Clubs of America and Navient are announcing a partnership to help young people and their families access career and college planning resources. With Navient’s support, Boys & Girls Clubs of America will launch education and community-based service programs to support and guide young people, including youth in under-resourced communities, on their career journeys. Through the partnership, teens will have access to additional tools to develop a career plan based on their interests and informed by data. Youth considering careers that require college degrees will receive support and tools to help them develop a personalized college plan. Navient research shows that young people who had clear career goals and caring mentors are much more likely to graduate from college. Research also shows that when young adults complete postsecondary education, they have distinctly stronger financial health, regardless of environmental factors that could have prohibited their success. Boys & Girls Clubs of America and Navient are partnering to further empower and enable young people who want to pursue higher education. Is New 90 Day High Low • Mar 03
New 90-day high: €10.71 The company is up 35% from its price of €7.93 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.65 per share. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS US$2.14 (vs US$2.60 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.53b (down 12% from FY 2019). Net income: US$412.0m (down 31% from FY 2019). Profit margin: 27% (down from 34% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 
