Nelnet (NYSE:NNI) Releases Earnings Results, Misses Expectations By $0.12 EPS

Nelnet (NYSE:NNI) announced its quarterly earnings data on Thursday. The credit services provider reported $0.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.12), Fidelity Earnings reports. The firm had revenue of $285.57 million during the quarter, compared to analysts’ expectations of $270.35 million. Nelnet had a return on equity of 9.61% and a net margin of 7.45%. During the same period last year, the company earned $1.14 earnings per share.

Shares of NYSE:NNI traded down $1.75 during midday trading on Friday, reaching $61.47. 132,483 shares of the company were exchanged, compared to its average volume of 66,121. The company has a current ratio of 70.11, a quick ratio of 70.11 and a debt-to-equity ratio of 9.15. The business’s fifty day moving average is $62.19 and its two-hundred day moving average is $61.91. Nelnet has a one year low of $47.59 and a one year high of $69.97. The stock has a market cap of $2.47 billion, a PE ratio of 11.32 and a beta of 0.36.

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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