Nelnet (NYSE:NNI) Posts Earnings Results, Beats Expectations By $0.21 EPS

Nelnet (NYSE:NNI) released its quarterly earnings results on Thursday. The credit services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.21, Zacks reports. Nelnet had a net margin of 5.54% and a return on equity of 3.78%.

Nelnet Stock Performance

Shares of NNI opened at $112.07 on Friday. The company’s 50 day moving average price is $109.24 and its 200 day moving average price is $110.61. Nelnet has a 52 week low of $83.75 and a 52 week high of $127.32. The company has a market capitalization of $4.07 billion, a PE ratio of 36.86 and a beta of 0.91. The company has a debt-to-equity ratio of 2.78, a quick ratio of 31.47 and a current ratio of 31.47.

Nelnet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, February 28th. Nelnet’s payout ratio is presently 36.84%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Nelnet from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd.

Nelnet Company Profile

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.