Nelnet (NYSE:NNI) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Nelnet (NYSE:NNI) issued its quarterly earnings results on Thursday. The credit services provider reported $1.44 earnings per share (EPS) for the quarter, beating 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 Price Performance

Shares of NYSE NNI traded down $0.02 during mid-day trading on Thursday, hitting $112.07. 29,951 shares of the stock traded hands, compared to its average volume of 38,746. The company has a debt-to-equity ratio of 2.78, a current ratio of 31.47 and a quick ratio of 31.47. Nelnet has a twelve month low of $83.75 and a twelve month high of $127.32. The company has a market cap of $4.07 billion, a PE ratio of 36.86 and a beta of 0.91. The firm has a 50 day simple moving average of $109.12 and a two-hundred day simple moving average of $110.60.

Nelnet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, February 28th. Nelnet’s dividend payout ratio (DPR) is 36.84%.

Analysts Set New Price Targets

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

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.