Nelnet (NYSE:NNI) Announces Quarterly Earnings Results

Nelnet (NYSE:NNI) announced its earnings results on Thursday. The credit services provider reported $1.44 EPS for the quarter, topping 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%.

Nelnet Trading Down 0.0 %

Shares of NYSE:NNI traded down $0.02 during midday trading on Thursday, reaching $112.07. The company’s stock had a trading volume of 29,951 shares, compared to its average volume of 38,746. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 36.86 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 firm has a 50 day moving average price of $109.12 and a two-hundred day moving average price of $110.60. Nelnet has a fifty-two week low of $83.75 and a fifty-two week high of $127.32.

Nelnet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, February 28th. Nelnet’s dividend payout ratio is 36.84%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Nelnet from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd.

About Nelnet

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.