Nelnet (NYSE:NNI) Announces Earnings Results

Nelnet (NYSE:NNI) posted its quarterly earnings data 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. The firm had revenue of $401.61 million during the quarter, compared to the consensus estimate of $335.00 million. Nelnet had a net margin of 5.54% and a return on equity of 3.78%.

Nelnet Stock Performance

Shares of Nelnet stock opened at $122.27 on Friday. The company has a 50 day moving average of $109.56 and a 200-day moving average of $110.72. Nelnet has a 1-year low of $84.83 and a 1-year high of $127.32. The company has a current ratio of 31.47, a quick ratio of 31.47 and a debt-to-equity ratio of 2.78. The company has a market cap of $4.44 billion, a PE ratio of 40.22 and a beta of 0.91.

Nelnet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, February 28th. Nelnet’s dividend payout ratio (DPR) is presently 36.84%.

Analyst Upgrades and Downgrades

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

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.