About Nelnet (NYSE:NNI)
Nelnet, Inc. focuses on delivering education-related products and services and student loan asset management. The Company is engaged in student loan servicing, tuition payment processing and school information systems, and communications. The Company's segments include Loan Systems and Servicing, Tuition Payment Processing and Campus Commerce, Communications, Asset Generation and Management, and Corporate and Other Activities. The Company earns fee-based revenue through its Loan Systems and Servicing, Tuition Payment Processing, and Communications operating segments. In addition, the Company earns interest income on its student loan portfolio in its Asset Generation and Management operating segment. Corporate and Other Activities include real estate and other investments. The Company, through Allo Communications LLC, is engaged in the sale of advanced telecommunication services, including Internet, broadband, telephone, and television services.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Credit Services
- Sub-Industry: Consumer Finance
- Symbol: NYSE:NNI
- CUSIP: 64031N10
- Web: www.nelnet.net
- Market Cap: $1.7 billion
- Outstanding Shares: 42,215,000
- 50 Day Moving Avg: $43.82
- 200 Day Moving Avg: $47.24
- 52 Week Range: $31.49 - $55.01
Sales & Book Value:
- Trailing P/E Ratio: 6.62
- Foreward P/E Ratio: 9.17
- P/E Growth: -1.53
- Annual Revenue: $830.63 million
- Price / Sales: 2.05
- Book Value: $49.94 per share
- Price / Book: 0.81
- Annual Dividend: $0.56
- Dividend Yield: 1.4%
- Net Margins: 20.23%
- Return on Equity: 11.83%
- Return on Assets: 0.78%
- Debt-to-Equity Ratio: 12.78%
- Current Ratio: 197.01%
- Quick Ratio: 197.01%
- Average Volume: 80,489 shs.
- Beta: 1.07
- Short Ratio: 2.69
Frequently Asked Questions for Nelnet (NYSE:NNI)
What is Nelnet's stock symbol?
Nelnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "NNI."
How often does Nelnet pay dividends? What is the dividend yield for Nelnet?
Nelnet declared a quarterly dividend on Thursday, May 11th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.14 per share on Thursday, June 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Tuesday, May 30th. View Nelnet's Dividend History.
How were Nelnet's earnings last quarter?
Nelnet, Inc. (NYSE:NNI) posted its earnings results on Monday, May, 8th. The company reported $1.23 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.24 by $0.01. The business earned $183.82 million during the quarter, compared to analyst estimates of $191.87 million. Nelnet had a net margin of 20.23% and a return on equity of 11.83%. Nelnet's revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. View Nelnet's Earnings History.
Where is Nelnet's stock going? Where will Nelnet's stock price be in 2017?
2 brokerages have issued 1-year price objectives for Nelnet's stock. Their forecasts range from $47.00 to $48.00. On average, they expect Nelnet's stock price to reach $47.50 in the next twelve months. View Analyst Ratings for Nelnet.
Who are some of Nelnet's key competitors?
Some companies that are related to Nelnet include FirstCash (FCFS), Blackhawk Network Holdings (HAWK), LendingClub Corp (LC), Green Dot (GDOT), Qiwi PLC (QIWI), Triangle Capital (TCAP), PHH (PHH), World Acceptance Corp. (WRLD), Federal Agricultural Mortgage Corp. (AGM), EZCORP (EZPW), Everi Holdings (EVRI), Enova International (ENVA), NewStar Financial (NEWS), On Deck Capital (ONDK), Regional Management Corp (RM), Planet Payment (PLPM), CPI Card Group (PMTS) and Consumer Portfolio Services (CPSS).
Who owns Nelnet stock?
Nelnet's stock is owned by a number of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (5.31%), Vanguard Group Inc. (4.79%), Farmers & Merchants Investments Inc. (4.35%), LSV Asset Management (2.42%), Boston Partners (2.42%) and Prudential Financial Inc. (0.98%). View Institutional Ownership Trends for Nelnet.
Who sold Nelnet stock? Who is selling Nelnet stock?
Nelnet's stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Wellington Management Group LLP, Farmers & Merchants Investments Inc., Morgan Stanley, Renaissance Technologies LLC, JPMorgan Chase & Co., Genovese Burford & Brothers Wealth & Retirement Plan Management LLC and Boston Partners. View Insider Buying and Selling for Nelnet.
Who bought Nelnet stock? Who is buying Nelnet stock?
Nelnet's stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Dimensional Fund Advisors LP, LSV Asset Management, Seizert Capital Partners LLC, Schwab Charles Investment Management Inc., Citadel Advisors LLC, AQR Capital Management LLC and WBI Investments Inc.. View Insider Buying and Selling for Nelnet.
How do I buy Nelnet stock?
Shares of Nelnet can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Nelnet stock cost?
One share of Nelnet stock can currently be purchased for approximately $40.36.
Consensus Ratings for Nelnet (NYSE:NNI) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.
|Ratings Breakdown: ||1 Hold Rating, 1 Buy Rating|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$47.50 (17.69% upside)|
Analysts' Ratings History for Nelnet (NYSE:NNI)
(Data available from 5/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|1/31/2017||Credit Suisse Group AG||Downgrade||Outperform -> Neutral||N/A|
|8/8/2016||Compass Point||Lower Price Target||Buy||$50.00 -> $47.00||N/A|
Earnings History for Nelnet (NYSE:NNI)Earnings History by Quarter for Nelnet (NYSE:NNI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/8/2017||Q1 2017||$1.24||$1.23||$191.87 million||$183.82 million||View||N/A|
|2/27/2017||Q416||$1.13||$1.05||$181.28 million||$271.86 million||View||N/A|
|11/9/2016||Q3||$1.13||$1.36||$183.39 million||$244.87 million||View||N/A|
|8/4/2016||Q2||$1.28||$1.13||$193.85 million||$150.63 million||View||N/A|
|5/5/2016||Q116||$1.41||$1.43||$218.81 million||$186.47 million||View||N/A|
|2/25/2016||Q415||$1.31||$1.31||$215.92 million||$251.14 million||View||N/A|
|11/5/2015||Q315||$1.47||$1.43||$229.88 million||$199.91 million||View||N/A|
|5/7/2015||Q115||$1.51||$1.37||$201.60 million||$219.66 million||View||N/A|
|2/26/2015||Q414||$1.48||$1.60||$206.61 million||$222.36 million||View||N/A|
|11/6/2014||Q314||$1.48||$1.45||$231.80 million||$189.40 million||View||N/A|
|8/7/2014||Q214||$1.44||$1.51||$230.60 million||$233.06 million||View||N/A|
|5/8/2014||Q114||$1.48||$1.56||$226.94 million||$224.78 million||View||N/A|
|8/8/2013||Q2 2013||$1.25||$1.53||$209.31 million||View||N/A|
|5/9/2013||Q1 2013||$1.31||$1.34||$208.00 million||View||N/A|
|2/28/2013||Q4 2012||$1.13||$1.05||$197.90 million||View||N/A|
Earnings Estimates for Nelnet (NYSE:NNI)
Current Year EPS Consensus Estimate: $4.48 EPS
Next Year EPS Consensus Estimate: $4.40 EPS
Current Dividend Information for Nelnet (NYSE:NNI)
|Dividend Growth:||7.70% (3 Year Average)|
|Payout Ratio:||10.07% (Trailing 12 Months of Earnings) |
12.50% (Based on This Year's Estimates)
12.73% (Based on Next Year's Estimates)
Dividend History by Quarter for Nelnet (NYSE:NNI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Nelnet (NYSE:NNI)
Insider Ownership Percentage: 45.40%Insider Trades by Quarter for Nelnet (NYSE:NNI)
Institutional Ownership Percentage: 41.40%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|4/20/2017||William J. Munn||Insider||Sell||998||$45.00||$44,910.00|| |
|11/7/2016||William J. Munn||Insider||Sell||1,000||$39.00||$39,000.00|| |
|3/16/2016||William J Munn||Insider||Sell||1,000||$38.84||$38,840.00|| |
|12/14/2015||William J. Munn||insider||Sell||1,000||$31.67||$31,670.00|| |
|6/15/2015||William J Munn||Insider||Sell||1,500||$42.45||$63,675.00|| |
|9/16/2014||William J Munn||Insider||Sell||1,000||$42.91||$42,910.00|| |
|8/11/2014||James D Kruger||CFO||Sell||10,000||$45.00||$450,000.00|| |
|6/3/2014||Michael D Reardon||Director||Sell||8,000||$40.44||$323,520.00|| |
|12/9/2013||William Munn||Insider||Sell||11,000||$42.85||$471,350.00|| |
|11/12/2013||Todd Eicher||Director||Sell||3,689||$44.10||$162,684.90|| |
|6/17/2013||Todd M Eicher||Director||Sell||4,436||$37.54||$166,527.44|| |
|6/5/2013||Terry J Heimes||CFO||Sell||21,412||$37.47||$802,307.64|| |
|10/5/2012||Angie Muhleisen||Major Shareholder||Sell||12,500||$23.94||$299,250.00|| |
|9/5/2012||Angie Muhleisen||Major Shareholder||Sell||12,500||$23.76||$297,000.00|| |
Headline Trends for Nelnet (NYSE:NNI)
Latest Headlines for Nelnet (NYSE:NNI)
|Nelnet Enters Oversold Territory|
www.nasdaq.com - May 17 at 6:48 PM
|Nelnet Student Loan Trust 2017-1 -- Moody's assigns provisional ratings to Nelnet Student Loan Trust 2017-1|
finance.yahoo.com - May 16 at 6:36 PM
|Nelnet, Inc. (NNI) Announces Quarterly Dividend of $0.14|
www.americanbankingnews.com - May 11 at 7:14 PM
|Nelnet, Inc. breached its 50 day moving average in a Bearish Manner : NNI-US : May 10, 2017|
finance.yahoo.com - May 10 at 12:03 PM
|Nelnet, Inc. (NNI) Posts Earnings Results|
www.americanbankingnews.com - May 9 at 4:02 PM
|Nelnet Reports First Quarter 2017 Results|
finance.yahoo.com - May 8 at 6:20 PM
|Nelnet posts 1Q profit|
marketbeat.com - May 8 at 5:17 PM
|Positive News Coverage Unlikely to Impact Nelnet (NNI) Share Price|
www.americanbankingnews.com - May 4 at 1:21 AM
|Somewhat Favorable News Coverage Extremely Likely to Impact Nelnet (NNI) Stock Price|
www.americanbankingnews.com - April 27 at 3:32 PM
|Nelnet (NNI) Getting Somewhat Favorable News Coverage, Study Shows|
www.americanbankingnews.com - April 22 at 9:13 AM
|Insider Selling: Nelnet, Inc. (NNI) Insider Sells 998 Shares of Stock|
www.americanbankingnews.com - April 21 at 9:28 PM
|Nelnet, Inc. breached its 50 day moving average in a Bullish Manner : NNI-US : April 21, 2017|
finance.yahoo.com - April 21 at 9:32 AM
|Nelnet to Announce First Quarter Results on May 8|
finance.yahoo.com - April 14 at 6:32 PM
|Nelnet Student Loan Trust 2013-2 -- Moody's upgrades Cl. B of Nelnet Student Loan Trust 2013-2|
finance.yahoo.com - April 13 at 6:37 PM
|TheStreet Lowers Nelnet, Inc. (NNI) to D+|
www.americanbankingnews.com - March 26 at 11:43 PM
|Notable Thursday Option Activity: YHOO, ENV, NNI|
www.nasdaq.com - March 3 at 9:04 AM
|4:17 pm Nelnet misses by $0.08|
us.rd.yahoo.com - February 28 at 10:28 AM
|Q4 2016 Nelnet Inc Earnings Release - After Market Close|
us.rd.yahoo.com - February 27 at 5:51 PM
|Nelnet Reports Fourth Quarter 2016 Results|
us.rd.yahoo.com - February 27 at 5:51 PM
|NELNET INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits|
us.rd.yahoo.com - February 27 at 5:50 PM
|Post Earnings Coverage as Visa Reported Robust Results: Revenue Surged 25%, Adjusted EPS Soared 23%|
finance.yahoo.com - February 16 at 6:24 PM
|Nelnet, Inc. Announces Results to Date of Cash Tender Offer and Consent Solicitation for 7.400% Fixed-to-Floating Rate Capital Efficient Notes|
finance.yahoo.com - February 6 at 9:33 AM
|Nelnet Board Approves Dividend|
finance.yahoo.com - February 3 at 7:39 PM
|Moody's upgrades three tranches in Nelnet Education Loan Funding, Inc. (2004 Indenture)|
www.moodys.com - January 31 at 7:48 PM
|Nelnet, Inc. Increases Tender Offer Consideration of Cash Tender Offer and Consent Solicitation for 7.400% Fixed-to-Floating Rate Capital Efficient Notes|
finance.yahoo.com - January 31 at 12:32 AM
|Nelnet, Inc. Announces Cash Tender Offer and Consent Solicitation for 7.400% Fixed-to-Floating Rate Capital Efficient Notes|
finance.yahoo.com - January 23 at 7:11 PM
|Nelnet to Announce Fourth Quarter and Year-End Results on Feb. 27|
finance.yahoo.com - January 12 at 7:29 PM
|Moody's takes action on two tranches from Nelnet Student Loan Trust 2014-2|
www.moodys.com - January 5 at 8:52 PM
|NELNET INC Files SEC form 8-K, Entry into a Material Definitive Agreement|
biz.yahoo.com - December 14 at 7:32 PM
|NELNET INC Financials|
finance.yahoo.com - November 17 at 6:08 PM
|Nelnet downgraded by Credit Suisse|
finance.yahoo.com - November 14 at 6:46 PM
|Nelnet Reports Third Quarter 2016 Results|
finance.yahoo.com - November 9 at 6:22 PM
|Nelnet (NNI) Announces Rescheduling of Q3 Report; Cites Accounting Issue|
www.streetinsider.com - November 4 at 5:57 PM
|Q3 2016 Nelnet Inc Earnings Release - After Market Close|
biz.yahoo.com - November 3 at 10:26 AM
|Moody's takes rating actions on 12 of Nelnet's FFELP securitizations|
www.moodys.com - September 12 at 6:07 PM
|Ex-Dividend Reminder: Nelnet, Pennsylvania REIT and Trustmark|
www.nasdaq.com - August 26 at 6:13 PM
|Moody's takes rating actions on 19 Nelnet's FFELP student loan securitizations|
www.moodys.com - August 18 at 6:36 PM
Nelnet (NNI) Chart for Monday, May, 22, 2017