Headlines about Nelnet (NYSE:NNI) have been trending positive on Saturday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nelnet earned a daily sentiment score of 0.30 on Accern’s scale. Accern also gave press coverage about the credit services provider an impact score of 45.4078906883488 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Nelnet (NYSE NNI) opened at $57.87 on Friday. Nelnet has a 1-year low of $37.94 and a 1-year high of $59.68. The firm has a market capitalization of $2.40 billion, a PE ratio of 12.33 and a beta of 1.06. The company has a current ratio of 135.54, a quick ratio of 9.42 and a debt-to-equity ratio of 10.70.
Nelnet (NYSE:NNI) last issued its quarterly earnings results on Monday, August 7th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.08. Nelnet had a return on equity of 9.65% and a net margin of 20.19%. The business had revenue of $161.70 million during the quarter, compared to analyst estimates of $182.02 million. During the same quarter in the prior year, the business posted $1.13 EPS.
NNI has been the topic of a number of recent analyst reports. TheStreet upgraded Nelnet from a “d+” rating to a “c” rating in a report on Tuesday, August 8th. Credit Suisse Group raised their target price on Nelnet from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. BidaskClub cut Nelnet from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Compass Point cut Nelnet from a “buy” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a report on Wednesday, August 9th.
In other Nelnet news, insider William J. Munn sold 1,000 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $55.00, for a total value of $55,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Angie Muhleisen sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $48.38, for a total value of $96,760.00. The disclosure for this sale can be found here. Insiders sold a total of 8,000 shares of company stock valued at $407,520 in the last quarter. 45.40% of the stock is currently owned by company insiders.
Nelnet Company Profile
Nelnet, Inc focuses on delivering education-related products and services and student loan asset management. The Company is engaged in student loan servicing, tuition payment processing and school information systems, and communications. The Company’s segments include Loan Systems and Servicing, Tuition Payment Processing and Campus Commerce, Communications, Asset Generation and Management, and Corporate and Other Activities.
What are top analysts saying about Nelnet Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Nelnet Inc. and related companies.