Nelnet, Inc. (NYSE:NNI) will be posting its quarterly earnings results after the market closes on Tuesday, November 7th. Analysts expect Nelnet to post earnings of $1.11 per share for the quarter.
Nelnet (NYSE:NNI) last posted its quarterly earnings results on Monday, August 7th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The company had revenue of $161.70 million for the quarter, compared to analyst estimates of $182.02 million. Nelnet had a net margin of 20.19% and a return on equity of 9.65%. During the same period last year, the business posted $1.13 EPS.
Shares of Nelnet, Inc. (NNI) opened at $57.87 on Monday. The company has a quick ratio of 9.42, a current ratio of 135.54 and a debt-to-equity ratio of 10.70. The stock has a market cap of $2,403.80, a price-to-earnings ratio of 12.26 and a beta of 1.06. Nelnet, Inc. has a 12-month low of $37.94 and a 12-month high of $59.68.
Several analysts have recently weighed in on NNI shares. Credit Suisse Group lifted their target price on shares of Nelnet from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. BidaskClub lowered shares of Nelnet from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Compass Point upgraded shares of Nelnet from a “neutral” rating to a “buy” rating in a research report on Thursday, October 19th. Finally, TheStreet upgraded shares of Nelnet from a “d+” rating to a “c” rating in a research report on Tuesday, August 8th.
In other Nelnet news, major shareholder Angie Muhleisen sold 2,000 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $45.34, for a total value of $90,680.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William J. Munn sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $55.00, for a total transaction of $55,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,000 shares of company stock worth $407,520. 45.40% of the stock is owned by company insiders.
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.
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