Nelnet (NNI) Given Daily Coverage Optimism Rating of 0.11
Headlines about Nelnet (NYSE:NNI) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nelnet earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the credit services provider an impact score of 44.777167036194 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Nelnet (NYSE:NNI) traded up $0.15 during midday trading on Tuesday, reaching $54.55. 58,305 shares of the company were exchanged, compared to its average volume of 82,559. The company has a market cap of $2,188.53, a price-to-earnings ratio of 12.29 and a beta of 1.04. Nelnet has a 1-year low of $38.72 and a 1-year high of $59.68. The company has a current ratio of 159.08, a quick ratio of 159.08 and a debt-to-equity ratio of 10.44.
Nelnet (NYSE:NNI) last issued its quarterly earnings data on Tuesday, November 7th. The credit services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.10). The business had revenue of $194.43 million during the quarter, compared to the consensus estimate of $191.00 million. Nelnet had a net margin of 17.51% and a return on equity of 8.70%. The firm’s quarterly revenue was down 18.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, November 30th. This is a positive change from Nelnet’s previous quarterly dividend of $0.14. Nelnet’s dividend payout ratio (DPR) is 12.10%.
A number of research firms have recently commented on NNI. Credit Suisse Group increased their target price on shares of Nelnet from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Compass Point raised shares of Nelnet from a “neutral” rating to a “buy” rating in a report on Thursday, October 19th. Finally, TheStreet raised shares of Nelnet from a “d+” rating to a “c” rating in a report on Tuesday, August 8th.
In other Nelnet news, Director Michael D. Reardon sold 5,748 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $50.84, for a total transaction of $292,228.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Angie Muhleisen sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $52.75, for a total transaction of $105,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,748 shares of company stock valued at $714,568. 46.10% of the stock is owned by company insiders.
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.
Receive News & Ratings for Nelnet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nelnet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.