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NYSE:NNINelnet Stock Price, Forecast & News

$54.30
-0.58 (-1.06 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$53.45
Now: $54.30
$54.84
50-Day Range
$44.49
MA: $49.55
$54.88
52-Week Range
$36.70
Now: $54.30
$69.97
Volume268,600 shs
Average Volume124,706 shs
Market Capitalization$2.13 billion
P/E Ratio36.44
Dividend Yield1.47%
Beta0.52
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. This segment also provides student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns and sales, and interacting with customers through multi-channels. The Education Technology, Services, and Payment Processing segment offers managed tuition payment plans and billing services; assistance with financial needs assessment and donor management; school information system software that helps schools automate administrative processes; professional development and educational instruction services; and technology products that aid in teacher and student evaluations. It also offers technology and payments services, including electronic transfer and credit card processing, reporting, billing and invoicing, mobile and virtual terminal solutions, and specialized integrations to business software; and mobile first technology focused on increasing engagement, online giving, and communication for church and not-for-profit customers. Its Communications segment fiber optic service to homes and businesses for Internet, television, and telephone services. Its data services include high-speed Internet access; telephone services comprise local and long distance telephone service, hostedPBX services, and other basic services. Its Asset Generation and Management segment acquires, manages, and owns loan assets. It also provides investment advisory services. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 5.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.87 out of 5 stars


Industry, Sector and Symbol

Industry Personal credit institutions
Sub-IndustryConsumer Finance
SectorFinance
CUSIP64031N10
Phone402-458-2370

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.78 billion
Cash Flow$9.77 per share
Book Value$60.19 per share

Profitability

Net Income$141.80 million

Miscellaneous

Employees6,600
Market Cap$2.13 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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Nelnet (NYSE:NNI) Frequently Asked Questions

How has Nelnet's stock been impacted by COVID-19 (Coronavirus)?

Nelnet's stock was trading at $47.84 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NNI stock has increased by 13.5% and is now trading at $54.30. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Nelnet?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nelnet in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Nelnet.

When is Nelnet's next earnings date?

Nelnet is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Nelnet.

How were Nelnet's earnings last quarter?

Nelnet, Inc. (NYSE:NNI) released its earnings results on Thursday, May, 7th. The credit services provider reported ($0.62) EPS for the quarter, missing the Zacks' consensus estimate of $0.49 by $1.11. The credit services provider earned $245.70 million during the quarter, compared to the consensus estimate of $297.83 million. Nelnet had a net margin of 3.50% and a return on equity of 4.68%. During the same quarter in the previous year, the firm earned $1.61 EPS. View Nelnet's earnings history.

How often does Nelnet pay dividends? What is the dividend yield for Nelnet?

Nelnet declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 1st will be given a dividend of $0.20 per share on Monday, June 15th. This represents a $0.80 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, May 29th. View Nelnet's dividend history.

What price target have analysts set for NNI?

1 equities research analysts have issued 12-month price objectives for Nelnet's stock. Their forecasts range from $52.00 to $52.00. On average, they anticipate Nelnet's share price to reach $52.00 in the next twelve months. This suggests that the stock has a possible downside of 4.2%. View analysts' price targets for Nelnet.

Has Nelnet been receiving favorable news coverage?

Press coverage about NNI stock has been trending somewhat negative this week, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Nelnet earned a media sentiment score of -1.8 on InfoTrie's scale. They also gave media headlines about the credit services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Nelnet.

Are investors shorting Nelnet?

Nelnet saw a increase in short interest in June. As of June 30th, there was short interest totaling 237,500 shares, an increase of 18.3% from the June 15th total of 200,700 shares. Based on an average daily volume of 128,100 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.3% of the shares of the stock are sold short. View Nelnet's Current Options Chain.

Who are some of Nelnet's key competitors?

What other stocks do shareholders of Nelnet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nelnet investors own include Altria Group (MO), Consolidated Edison (ED), Enbridge (ENB), Edwards Lifesciences (EW), Metlife (MET), Pfizer (PFE), Shaw Communications (SJR), AT&T (T), Exxon Mobil (XOM) and Arconic (ARNC).

Who are Nelnet's key executives?

Nelnet's management team includes the following people:
  • Mr. Michael Sullivan Dunlap, Exec. Chairman (Age 55)
  • Mr. Jeffrey R. Noordhoek, Chief Exec. Officer (Age 53)
  • Mr. Timothy A. Tewes, Pres (Age 60)
  • Mr. James D. Kruger, Chief Financial Officer (Age 56)
  • Mr. Terry J. Heimes, Chief Operating Officer (Age 55)

What is Nelnet's stock symbol?

Nelnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "NNI."

How do I buy shares of Nelnet?

Shares of NNI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Nelnet's stock price today?

One share of NNI stock can currently be purchased for approximately $54.30.

How big of a company is Nelnet?

Nelnet has a market capitalization of $2.13 billion and generates $1.78 billion in revenue each year. Nelnet employs 6,600 workers across the globe.

What is Nelnet's official website?

The official website for Nelnet is www.nelnet.com.

How can I contact Nelnet?

Nelnet's mailing address is 121 SOUTH 13TH STREET SUITE 100, LINCOLN NE, 68508. The credit services provider can be reached via phone at 402-458-2370 or via email at [email protected]

This page was last updated on 7/11/2020 by MarketBeat.com Staff

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