Nelnet (NYSE:NNI) released its earnings data on Thursday. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.12, StockRatingsNetwork.com reports. During the same quarter in the prior year, the company posted $1.12 earnings per share.
Shares of Nelnet (NYSE:NNI) traded up 8.53% on Friday, hitting $44.66. The stock had a trading volume of 40,091 shares. Nelnet has a 52 week low of $23.17 and a 52 week high of $43.86. The stock’s 50-day moving average is $40.69 and its 200-day moving average is $38.49. The company has a market cap of $2.071 billion and a price-to-earnings ratio of 7.40.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.97%.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Nelnet from $39.00 to $44.00 in a research note to investors on Monday, August 12th. They now have an “outperform” rating on the stock. Analysts at Compass Point raised their price target on shares of Nelnet from $44.00 to $47.00 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock.
Nelnet, Inc is an education services company focused primarily on providing fee-based processing services and education-related products and services in four core areas: asset management and finance, loan servicing, payment processing, and enrollment services (NYSE:NNI).
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