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Nelnet Inc  (NNI)
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Price: $87.9000 $0.29 0.331%
Day's High: $88.78 Week Perf: -0.52 %
Day's Low: $ 87.10 30 Day Perf: -3.28 %
Volume (M): 157 52 Wk High: $ 101.60
Volume (M$): $ 13,765 52 Wk Avg: $90.94
Open: $87.10 52 Wk Low: $81.67



 Market Capitalization (Millions $) 3,284
 Shares Outstanding (Millions) 37
 Employees 3,400
 Revenues (TTM) (Millions $) 1,932
 Net Income (TTM) (Millions $) 54
 Cash Flow (TTM) (Millions $) -332
 Capital Exp. (TTM) (Millions $) 74

Nelnet Inc
Nelnet, Inc. is a diverse company with a focus on delivering education-related products and services and student loan asset management. The largest operating businesses engage in student loan servicing, tuition payment processing and school information systems, and telecommunications. A significant portion of the Companys revenue is net interest income earned on a portfolio of federally insured student loans. The Company also makes investments to further diversify the Company both within and outside of its historical core education-related businesses, including, but not limited to, investments in real estate and start-up ventures. Substantially all revenue from external customers is earned, and all long-lived assets are located, in the United States.

The Company was formed as a Nebraska corporation in 1978 to service federal student loans for two local banks. The Company built on this initial foundation as a servicer to become a leading originator, holder, and servicer of federal student loans, principally consisting of loans originated under the FFEL Program.

The Health Care and Education Reconciliation Act of 2010 (the “Reconciliation Act of 2010”) eliminated new loan originations under the FFEL Program effective July 1, 2010 and requires that all new federal student loan originations be made through the Federal Direct Loan Program. This law does not alter or affect the terms and conditions of existing FFELP loans.

As a result of the Reconciliation Act of 2010, the Company no longer originates new FFELP loans. However, a significant portion of the Companys income continues to be derived from its existing FFELP student loan portfolio. As of December 31, 2015, the Company had a $28.3 billion student loan portfolio that will amortize over the next approximately 25 years. Interest income on the Companys existing FFELP loan portfolio will decline over time as the portfolio is paid down. However, since July 1, 2010, the effective date on and after which no new loans could be originated under the FFEL Program, the Company has purchased $20.8 billion of FFELP loans from other FFELP loan holders looking to adjust their FFELP businesses. The Company believes there may be additional opportunities to purchase FFELP portfolios to generate incremental earnings and cash flow. However, since all FFELP loans will eventually run off, a key objective of the Company is to reposition the Company for the post-FFELP environment.

The Company has four reportable operating segments as summarized below.

Student Loan and Guaranty Servicing

Referred to as Nelnet Diversified Solutions (“NDS”)

Focuses on student loan servicing, student loan servicing-related technology solutions, and outsourcing services for lenders, guaranty agencies, and other entities

Includes the brands Nelnet Loan Servicing, Firstmark Services, Nelnet Guarantor Solutions, 5280 Solutions, CampusGuard, Proxi, and U-Fi

Tuition Payment Processing and Campus Commerce

Commonly known as Nelnet Business Solutions (“NBS”)

Focuses on tuition payment plans, financial needs assessment services, online payment and refund processing, and school information system software

Includes the brands FACTS Management and RenWeb

Asset Generation and Management

Includes the acquisition and management of the Companys student loan assets

Telecommunications

Includes the operations of Allo

Focuses on providing pure fiber optic service directly to homes and businesses for internet, television, and telephone services



   Company Address: 121 South 13th Street, Suite 100 Lincoln, 68508 NE
   Company Phone Number: 458-2370   Stock Exchange / Ticker: NYSE NNI
   


Customers Net Income grew by NNI's Customers Net Profit Margin grew to

210.46 %

6.13 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
DFS   -3.5%    
SLM   -2.29%    
BAC        0.14% 
C        2.05% 
COF   -2.85%    
FITB   -2.51%    
• View Complete Report
   



Nelnet Inc

Headline: Nelnet Inc's Revenue Surges in Fourth Quarter of 2023, but Profitability Remains Elusive

Nelnet Inc, a consumer financial services company, recently reported strong revenue growth in the fourth quarter of 2023, with a 116.524% improvement year on year to $668.89 million. However, the company slipped into a shortfall of $-0.23 per share. This revenue surge aligns positively with the overall 18.26% improvement in the Consumer Financial Services industry during the same period.
In comparison to the previous reporting period, Nelnet Inc saw a decrease in EPS from $1.21 to $-0.23 per share, despite a 32.653% increase in revenue from $504.24 million. The company reported a net shortfall of $-29.913 million in the fourth quarter of 2023, compared to a net profit of $27.982 million in the same period the year before. Accounts receivable also decreased to $13,304.4 million, possibly due to slowing demand in the marketLooking at the financial results for the full year of 2023, Nelnet Inc reported revenue of $1.93 billion and earnings of $54.44 million. EPS dropped significantly by -77.38% to $2.45 per share from $10.83 in the previous year, while revenue increased by 27.76% from $1.51 billion.
In response to these financial results, Nelnet Inc's Board of Directors announced a first-quarter cash dividend of $0.28 per share on its outstanding Class A and Class B common stock. This decision underscores the company's dedication to creating value for its shareholders despite the challenges in the economic landscape.
The recent market performance of Nelnet Inc shares has shown a 1.1% increase over the past five days and a year-to-date performance of 0.3%. Currently, the shares are trading 7.9% above their 52-week low. Despite this, the stock is only 9.5% above its 52-week low, indicating potential room for growth.
Overall, Nelnet Inc's financial results reflect both positive revenue growth and challenges in earnings, but the company's commitment to shareholder value and market performance suggest potential for future growth and stability in the industry.

Dividend

Nelnet Announces Dividend and Continues Steady Performance Amidst Economic Uncertainty

Published Thu, Feb 1 2024 9:15 PM UTC



Nelnet Inc, a leading education finance and services company, recently declared a cash dividend on its outstanding shares of Class A and Class B common stock. This decision by the Nelnet Board of Directors reflects the company's commitment to creating value for shareholders amidst a challenging economic landscape. Additionally, we will examine the recent market per...

Nelnet Inc

Nelnet Inc Surges Ahead with Record 30.792% Revenue Growth in Q3 2023

Nelnet Inc, a prominent Consumer Financial Services company, announced its financial results for the third quarter of 2023. Despite the challenging environment faced by many entities in the same sector, Nelnet Inc managed to thrive during this period.
According to the company's financial report, Nelnet Inc experienced a significant decline in net profit per share compared to the previous year. The net profit per share dropped from $2.80 to $1.21, representing a decline of $1.21 per share. However, the company witnessed a remarkable growth in its revenue, which rose by 30.792% in comparison to the same period.

Nelnet Inc

Unprecedented Downturn Amid Q2 2023: Earnings per Share Plummet at Nelnet Inc Despite Slight Share Hike

During the past week, Nelnet Inc, a consumer financial services company, experienced a slight increase in its shares by 0.28%. This brings its year-to-date performance to 9.72%. However, it is important to note that Nelnet Inc shares are currently 2.9% short of the company's 52-week high.
In its Jun 30, 2023 report, Nelnet Inc announced a net profit per share of $0.75 and revenue of $297.39 million. This represents a significant decrease in net profit per share compared to the same time frame a year ago, where it earned $2.26 per share. Despite the decline in net profit per share, Nelnet Inc saw a positive increase in revenue by 37.445% during the comparable period.

Nelnet Inc

Nelnet Inc Faces Drastic Decline in Top-line and Bottom-line Performance During January to March 2023 Interval

Investors in the stock market should exercise caution when considering Nelnet Inc as a potential investment option, based on recent financial performance. The company's income and profits have experienced significant declines, with income falling sharply by -85.54% compared to the previous year and profits falling by -13.99% from the previous quarter.
Furthermore, Nelnet Inc's revenue also experienced a significant decline, with a -38.3% decrease from the corresponding quarter a year prior, and a -3.732% decrease sequentially. The company's earnings also fell by -87.55% from the previous year, indicating poor financial performance.






 

Nelnet Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Nelnet Inc does not provide revenue guidance.

Earnings Outlook
Nelnet Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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