Nelnet (NYSE:NNI) Releases Quarterly Earnings Results

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Nelnet (NYSE:NNI) released its quarterly 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 return on equity of 9.61% and a net margin of 7.45%. The firm had revenue of $285.57 million for the quarter, compared to analyst estimates of $270.35 million. During the same period in the prior year, the business earned $1.14 earnings per share.

Shares of Nelnet stock traded down $1.75 during mid-day trading on Friday, hitting $61.47. 132,483 shares of the stock were exchanged, compared to its average volume of 66,121. Nelnet has a twelve month low of $47.59 and a twelve month high of $69.97. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 11.32 and a beta of 0.36. The company has a 50-day simple moving average of $62.19 and a 200 day simple moving average of $61.91. The company has a current ratio of 70.11, a quick ratio of 70.11 and a debt-to-equity ratio of 9.15.

Separately, ValuEngine cut 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.

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Earnings History for Nelnet (NYSE:NNI)

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