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

Nelnet (NYSE:NNI) posted its quarterly earnings data on Thursday. The credit services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.21, Zacks reports. Nelnet had a net margin of 5.54% and a return on equity of 3.78%.

Nelnet Price Performance

NYSE NNI opened at $112.07 on Friday. The company has a market cap of $4.07 billion, a P/E ratio of 36.86 and a beta of 0.91. Nelnet has a 1 year low of $83.75 and a 1 year high of $127.32. The company has a fifty day simple moving average of $109.24 and a 200 day simple moving average of $110.61. The company has a current ratio of 31.47, a quick ratio of 31.47 and a debt-to-equity ratio of 2.78.

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 is currently 36.84%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Nelnet from a “hold” rating to a “buy” rating in a report 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.