Nelnet (NYSE:NNI – Get Free Report) is scheduled to announce its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $1.33 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Nelnet (NYSE:NNI – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The credit services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.37 by $0.44. The firm had revenue of $579.96 million for the quarter. Nelnet had a return on equity of 4.17% and a net margin of 6.54%. During the same period last year, the firm posted $1.47 earnings per share. On average, analysts expect Nelnet to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Nelnet Trading Up 0.8 %
NNI opened at $105.44 on Wednesday. Nelnet has a 52-week low of $81.67 and a 52-week high of $114.26. The firm has a market capitalization of $3.83 billion, a P/E ratio of 28.50 and a beta of 0.91. The company has a quick ratio of 48.33, a current ratio of 48.33 and a debt-to-equity ratio of 3.25. The firm’s 50 day moving average is $104.47 and its 200-day moving average is $97.32.
Nelnet Dividend Announcement
Analyst Ratings Changes
A number of brokerages recently commented on NNI. StockNews.com raised Nelnet from a “hold” rating to a “buy” rating in a report on Monday, May 13th. TD Cowen increased their target price on Nelnet from $90.00 to $96.00 and gave the company a “hold” rating in a research note on Tuesday, May 14th.
Get Our Latest Stock Analysis on Nelnet
Insiders Place Their Bets
In related news, Director Kathleen Anne Farrell sold 1,700 shares of Nelnet stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $101.73, for a total value of $172,941.00. Following the completion of the transaction, the director now directly owns 16,894 shares in the company, valued at $1,718,626.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 50.10% of the stock is owned by company insiders.
About Nelnet
Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.
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