Nelnet (NYSE:NNI) Issues Earnings Results

Nelnet (NYSE:NNI - Get Free Report) issued its quarterly earnings results on Thursday. The credit services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.21, Zacks reports. Nelnet had a return on equity of 3.78% and a net margin of 5.54%. The company had revenue of $401.61 million during the quarter, compared to analysts' expectations of $335.00 million.

Nelnet Trading Down 1.8 %

Shares of NNI stock traded down $2.24 during mid-day trading on Monday, hitting $120.16. The company's stock had a trading volume of 66,954 shares, compared to its average volume of 41,084. The company has a market cap of $4.36 billion, a PE ratio of 39.52 and a beta of 0.91. The company has a debt-to-equity ratio of 2.78, a quick ratio of 31.47 and a current ratio of 31.47. The company's fifty day simple moving average is $109.56 and its 200-day simple moving average is $110.75. Nelnet has a 52 week low of $85.50 and a 52 week high of $127.32.

Nelnet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, February 28th. This represents a $1.12 dividend on an annualized basis and a yield of 0.93%. Nelnet's dividend payout ratio (DPR) is currently 22.40%.

Wall Street Analyst Weigh In

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

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Nelnet Company Profile

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.