Nelnet (NYSE:NNI) Issues Earnings Results

Nelnet (NYSE:NNI - Get Free Report) issued its earnings results on Thursday. The credit services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.37 by $0.44, Zacks reports. The company had revenue of $579.96 million during the quarter. Nelnet had a net margin of 4.43% and a return on equity of 3.81%. During the same quarter in the previous year, the firm posted $1.47 earnings per share.

Nelnet Stock Performance

Shares of NYSE:NNI traded up $10.55 during midday trading on Friday, reaching $109.10. 183,747 shares of the company traded hands, compared to its average volume of 89,757. The firm's fifty day moving average price is $93.06 and its two-hundred day moving average price is $88.88. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 44.71 and a beta of 0.84. The company has a quick ratio of 35.15, a current ratio of 35.15 and a debt-to-equity ratio of 3.67. Nelnet has a 12 month low of $81.67 and a 12 month high of $109.76.

Nelnet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 1.03%. Nelnet's payout ratio is 45.90%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Nelnet from a "buy" rating to a "hold" rating in a research report on Tuesday, April 16th.

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.