Nelnet (NNI) Scheduled to Post Quarterly Earnings on Thursday

Nelnet (NYSE:NNI) will be announcing 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. Individual interested in listening to the company’s earnings conference call can do so using this link.

Nelnet (NYSE:NNI) last posted its quarterly earnings results on Thursday, May 9th. The credit services provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.44. The business had revenue of $579.96 million for the quarter. Nelnet had a net margin of 6.54% and a return on equity of 4.17%. During the same quarter in the prior year, the business posted $1.47 EPS. 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 %

Shares of NNI stock opened at $105.44 on Wednesday. The company has a debt-to-equity ratio of 3.25, a quick ratio of 48.33 and a current ratio of 48.33. Nelnet has a fifty-two week low of $81.67 and a fifty-two week high of $114.26. The company has a market cap of $3.83 billion, a PE ratio of 28.50 and a beta of 0.91. The stock’s fifty day moving average price is $104.47 and its two-hundred day moving average price is $97.32.

Nelnet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Friday, May 31st. Nelnet’s dividend payout ratio is presently 30.27%.

Insider Buying and Selling

In other news, Director Kathleen Anne Farrell sold 1,700 shares of the company’s stock in a transaction that occurred on 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 owns 16,894 shares of the company’s stock, valued at $1,718,626.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 50.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NNI. StockNews.com upgraded shares of Nelnet from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. TD Cowen raised their target price on shares of Nelnet from $90.00 to $96.00 and gave the company a “hold” rating in a research report on Tuesday, May 14th.

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.