Nelnet (NYSE:NNI) Issues Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Nelnet (NYSE:NNI) announced its earnings results on Thursday. The credit services provider reported $0.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.12), Fidelity Earnings reports. Nelnet had a net margin of 7.45% and a return on equity of 9.61%. The company had revenue of $285.57 million during the quarter, compared to analyst estimates of $270.35 million. During the same quarter last year, the business earned $1.14 EPS.

NYSE NNI traded down $1.75 on Friday, hitting $61.47. 132,483 shares of the stock were exchanged, compared to its average volume of 66,121. The company has a quick ratio of 70.11, a current ratio of 70.11 and a debt-to-equity ratio of 9.15. Nelnet has a fifty-two week low of $47.59 and a fifty-two week high of $69.97. The company has a market cap of $2.47 billion, a PE ratio of 11.32 and a beta of 0.36. The company has a 50-day moving average price of $62.19 and a 200-day moving average price of $61.91.

Separately, ValuEngine downgraded shares of Nelnet from a “hold” rating to a “sell” rating in a research note on Friday, September 20th.

Nelnet Company Profile

Nelnet, Inc provides education related products and services, and loan asset management services worldwide. The company's Loan Servicing and Systems is involved in loan servicing activities, such as loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing activities for student loan portfolio and third-party clients.

See Also: How to Calculate Compound Annual Growth Rate (CAGR)

Earnings History for Nelnet (NYSE:NNI)

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