Nelnet, Inc. (NNI) to Release Quarterly Earnings on Tuesday
Nelnet, Inc. (NYSE:NNI) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $1.11 per share for the quarter.
Nelnet (NYSE:NNI) last released its quarterly earnings data on Monday, August 7th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.08. The company had revenue of $161.70 million for the quarter, compared to analysts’ expectations of $182.02 million. Nelnet had a net margin of 20.19% and a return on equity of 9.65%. During the same quarter in the prior year, the firm earned $1.13 EPS. On average, analysts expect Nelnet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Nelnet, Inc. (NNI) opened at 58.23 on Tuesday. Nelnet, Inc. has a 52-week low of $37.86 and a 52-week high of $59.68. The stock’s 50 day moving average is $51.95 and its 200-day moving average is $47.11. The company has a market cap of $2.42 billion, a PE ratio of 9.44 and a beta of 1.00.
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In other Nelnet news, major shareholder Angie Muhleisen sold 2,000 shares of the company’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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider William J. Munn sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 19th. The stock was 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. Insiders have sold 8,000 shares of company stock worth $407,520 in the last quarter. 45.40% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on NNI shares. TheStreet upgraded shares of Nelnet from a “d+” rating to a “c” rating in a research report on Tuesday, August 8th. Credit Suisse Group boosted their price target 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 cut shares of Nelnet from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Compass Point cut shares of Nelnet from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Wednesday, August 9th.
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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