Nelnet (NYSE:NNI - Get Free Report) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Nelnet to post earnings of $1.36 per share for the quarter.
Nelnet (NYSE:NNI - Get Free Report) last released its earnings results on Thursday, August 8th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.33 by ($0.13). The company had revenue of $324.90 million during the quarter. Nelnet had a net margin of 7.44% and a return on equity of 4.71%. On average, analysts expect Nelnet to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Nelnet Trading Down 1.5 %
Shares of NNI traded down $1.69 during trading hours on Thursday, hitting $112.70. The stock had a trading volume of 47,879 shares, compared to its average volume of 75,709. Nelnet has a 12-month low of $82.22 and a 12-month high of $116.13. The firm has a market cap of $4.09 billion, a P/E ratio of 26.96 and a beta of 0.92. The company has a debt-to-equity ratio of 2.97, a quick ratio of 33.51 and a current ratio of 33.51. The company's fifty day simple moving average is $112.64 and its 200 day simple moving average is $106.70.
Nelnet Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, August 30th. Nelnet's payout ratio is currently 26.79%.
Analysts Set New Price Targets
Several equities analysts have recently commented on NNI shares. TD Cowen increased their price target on shares of Nelnet from $96.00 to $98.00 and gave the stock a "hold" rating in a research report on Monday, August 12th. StockNews.com lowered shares of Nelnet from a "buy" rating to a "hold" rating in a research note on Monday, August 12th.
Check Out Our Latest Analysis on Nelnet
Nelnet Company Profile
(
Get Free Report)
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.
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