Navient reports Q2 adjusted EPS 70c, consensus 74c

Reports Q2 total revenue $116M, with adjusted revenue $221M, consensus $223.17M. “Over my first 10 weeks, my priority has been to undertake an in-depth review of our businesses,” said David Yowan, president and CEO of Navient. “We are evaluating a broad range of alternative impactful strategies that deliver value to our shareholders. In the meantime, we remain focused on our efforts to maximize cash flows from our loan portfolios, enhance the value of our growth businesses, maintain a strong balance sheet, distribute excess capital, and continuously simplify the business and increase efficiency. Our strong second-quarter results reflect this solid foundation of assets, capabilities and people.”