Nelnet, Inc. (NNI) Posts Earnings Results, Hits Expectations
Nelnet, Inc. (NYSE:NNI) posted its quarterly earnings data on Monday. The credit services provider reported $1.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.08, Briefing.com reports. Nelnet had a return on equity of 10.03% and a net margin of 20.47%. During the same period in the previous year, the firm earned $1.13 earnings per share.
Shares of Nelnet (NYSE NNI) traded up 0.83% during mid-day trading on Monday, hitting $48.88. The company had a trading volume of 75,209 shares. The firm has a market capitalization of $2.06 billion, a P/E ratio of 8.02 and a beta of 0.97. The firm has a 50-day moving average price of $47.31 and a 200 day moving average price of $45.72. Nelnet has a 12 month low of $33.91 and a 12 month high of $55.01.
In related news, major shareholder Angie Muhleisen sold 2,000 shares of Nelnet stock in a transaction on Monday, July 17th. The stock was sold at an average price of $47.57, for a total transaction of $95,140.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 45.40% of the company’s stock.
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Separately, BidaskClub cut Nelnet from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
Nelnet Company Profile
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.
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