Nelnet (NNI) Scheduled to Post Earnings on Thursday

Nelnet (NYSE:NNI) will announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $1.37 per share for the quarter.

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

Nelnet Stock Up 0.9 %

Nelnet stock opened at $97.46 on Tuesday. The firm has a market capitalization of $3.61 billion, a P/E ratio of 39.94 and a beta of 0.84. The company has a 50-day simple moving average of $91.95 and a 200-day simple moving average of $88.51. Nelnet has a one year low of $81.67 and a one year high of $101.60. The company has a debt-to-equity ratio of 3.67, a quick ratio of 35.15 and a current ratio of 35.15.

Wall Street Analysts Forecast Growth

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.