Benzinga | Oct 20, 2020 04:50PM EDT

Navient: Q3 Earnings Insights

Shares of Navient (NASDAQ:NAVI) fell 7.58% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 58.46% over the past year to $1.03, which beat the estimate of $0.78.

Revenue of $321,000,000 rose by 3.88% year over year, which beat the estimate of $281,740,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Navient hasn't issued any revenue guidance for the time being.

Recent Stock Performance

52-week high: $15.50

Company's 52-week low was at $4.07

Price action over last quarter: Up 27.19%

Company Description

Navient Corp is a financial services company that provides education loan management and business processing services to education, healthcare, and government clients at the federal, state, and local levels. The company operates in Delaware, western New York, northern Pennsylvania, Indiana, Tennessee, Texas, and Virginia, among other locations. The company has three primary reportable business segments: Federal Education Loans, Consumer Lending and Business Processing. The company's fourth and other segment relates to financial results of the company's holding company, including activities related to repurchases of debt, corporate liquidity portfolio, and unallocated overhead and regulatory-related costs.