Nelnet (NYSE:NNI) Earning Favorable Media Coverage, Accern Reports
Headlines about Nelnet (NYSE:NNI) have trended positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nelnet earned a news impact score of 0.31 on Accern’s scale. Accern also assigned media stories about the credit services provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the next several days.
Separately, BidaskClub upgraded Nelnet from a “sell” rating to a “hold” rating in a research report on Friday, June 9th.
Shares of Nelnet (NNI) traded down 1.39% during midday trading on Tuesday, hitting $48.20. The company had a trading volume of 97,941 shares. The firm has a market capitalization of $2.03 billion, a P/E ratio of 7.91 and a beta of 0.97. The stock has a 50 day moving average price of $47.57 and a 200 day moving average price of $45.77. Nelnet has a 1-year low of $33.91 and a 1-year high of $55.01.
Nelnet (NYSE:NNI) last released its earnings results on Monday, August 7th. The credit services provider reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. Nelnet had a net margin of 20.47% and a return on equity of 10.03%. The company had revenue of $161.70 million for the quarter, compared to analysts’ expectations of $182.02 million. During the same quarter in the previous year, the company earned $1.13 EPS. On average, equities analysts anticipate that Nelnet will post $4.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, August 30th. Nelnet’s dividend payout ratio (DPR) is 9.20%.
In related news, major shareholder Angie Muhleisen sold 2,000 shares of Nelnet stock in a transaction on Monday, July 17th. The shares were sold at an average price of $47.57, for a total transaction of $95,140.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 45.40% of the stock is currently owned by insiders.
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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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