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
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Customers Net Income grew by |
NNI's Customers Net Profit Margin grew to |
210.46 % |
6.13 %
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Stock Performances by Major Competitors |
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Nelnet Inc
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.
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Dividend
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...
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Nelnet Inc
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.
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Nelnet Inc
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.
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Nelnet Inc
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.
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Per Share |
Current |
Earnings (TTM) |
2.44 $ |
Revenues (TTM) |
51.72 $
|
Cash Flow (TTM) |
- |
Cash |
4.5 $
|
Book Value |
86.24 $
|
Dividend (TTM) |
1.06 $ |
|
Per Share |
|
Earnings (TTM) |
2.44 $
|
Revenues (TTM) |
51.72 $ |
Cash Flow (TTM) |
- |
Cash |
4.5 $
|
Book Value |
86.24 $ |
Dividend (TTM) |
1.06 $ |
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