Nelnet (NNI) Scheduled to Post Quarterly Earnings on Thursday

Nelnet (NYSE:NNI) is set to release its earnings data after the market closes on Thursday, May 9th. Analysts expect Nelnet to post earnings of $1.37 per share for the quarter.

Nelnet (NYSE:NNI) last issued its quarterly earnings results on Tuesday, February 27th. The credit services provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($1.19). The business had revenue of $260.66 million for the quarter. Nelnet had a return on equity of 3.81% and a net margin of 4.43%. On average, analysts expect Nelnet to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Nelnet Trading Down 1.2 %

NYSE NNI opened at $96.37 on Wednesday. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 39.50 and a beta of 0.84. The business’s fifty day moving average is $92.10 and its 200-day moving average is $88.59. The company has a debt-to-equity ratio of 3.67, a current ratio of 35.15 and a quick ratio of 35.15. Nelnet has a one year low of $81.67 and a one year high of $101.60.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Nelnet from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th.

About Nelnet

Nelnet, Inc engages in loan servicing, communications, education technology, services, and payment processing businesses worldwide. The Loan Servicing and Systems segment provides loan conversion, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliation, and claim processing services.