Nelnet (NNI) Scheduled to Post Earnings on Thursday

Nelnet (NYSE:NNI) will be releasing 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) last released its quarterly earnings results on Thursday, August 8th. The credit services provider reported $1.20 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.13). The business 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 Stock Up 0.4 %

NNI stock opened at $114.39 on Thursday. The company’s 50 day simple moving average is $112.55 and its 200-day simple moving average is $106.64. The firm has a market capitalization of $4.15 billion, a PE ratio of 27.37 and a beta of 0.92. Nelnet has a 12 month low of $82.22 and a 12 month high of $116.13. The company has a debt-to-equity ratio of 2.97, a current ratio of 33.51 and a quick ratio of 33.51.

Nelnet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.28 per share. The ex-dividend date was Friday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 0.98%. Nelnet’s dividend payout ratio (DPR) is currently 26.79%.

Analysts Set New Price Targets

NNI has been the topic of a number of analyst reports. StockNews.com lowered shares of Nelnet from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. 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 note on Monday, August 12th.

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.