|
Price: $110.7500
$-0.18 
-0.162%
|
| Day's High:
| $111.685
| Week Perf:
| 1.85 %
|
| Day's Low: |
$ 110.14 |
30 Day Perf: |
4.63 % |
| Volume (M): |
35 |
52 Wk High: |
$ 127.32 |
| Volume (M$): |
$ 3,898 |
52 Wk Avg: |
$103.64 |
| Open: |
$110.16 |
52 Wk Low: |
$83.75 |
|
|
| Market Capitalization (Millions $) |
4,035 |
| Shares
Outstanding (Millions) |
36 |
| Employees |
5,511 |
| Revenues (TTM) (Millions $) |
2,434 |
| Net Income (TTM) (Millions $) |
83 |
| Cash Flow (TTM) (Millions $) |
106 |
| Capital Exp. (TTM) (Millions $) |
60 |
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 |
|
7.43 %
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| Stock Performances by Major Competitors |
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| Business Update
Published Thu, Dec 5 2024 4:47 PM UTC
Nelnet and Edge Focus Strengthen Partnership Amid Mixed Financial PerformanceIn a significant move within the financial services ecosystem, Edge Focus, a prominent fintech entity specializing in consumer finance, has deepened its existing partnership with Nelnet, Inc. (NYSE: NNI) through a strategic equity investment. This collaboration signifies an evolving alliance with s...
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| Nelnet Inc
The Consumer Financial Services company, Nelnet Inc, has delivered outstanding financial results in its first quarter of 2024. With a revenue surge of 70.767% to $507.85 million and a remarkable EPS growth of 177.46% to $1.97 per share, the company has truly exceeded expectations.
Compared to its industry peers, Nelnet Inc has outperformed significantly, with revenue growth far surpassing the average of its competitors. This exceptional performance reflects the company's strong position in the market and its effective business strategies.
Moreover, Nelnet Inc's focus on improving profit margins is evident in its net margin of 13.98% and operating margin of 18.53%. The company's bottom-line growth of 208.5% to $71.008 million further demonstrates its financial strength and resilience.
In addition to its impressive financial results, Nelnet Inc's recent announcement of a cash dividend on its outstanding shares of Class A and Class B common stock underscores its commitment to creating value for shareholders. The dividend payment of $0.28 per share reflects the company's confidence in its future growth prospects and financial stabilityLooking ahead, the recent market performance of Nelnet Inc shares, with a 1.1% increase over the past five days and a year-to-date performance of 0.3%, indicates positive investor sentiment towards the company. Trading 7.9% above its 52-week low, Nelnet Inc is well-positioned for continued success and growth in the coming quarters.
Overall, the combination of strong financial results, commitment to shareholder value, and positive market performance bodes well for Nelnet Inc's future prospects. As the company navigates through the challenging economic landscape, it is poised to emerge as a leader in the Consumer Financial Services industry.
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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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| Per Share |
Current |
| Earnings (TTM) |
3.04 $ |
| Revenues (TTM) |
66.8 $
|
| Cash Flow (TTM) |
2.92 $ |
| Cash |
6.03 $
|
| Book Value |
88.12 $
|
| Dividend (TTM) |
1.11 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
3.04 $
|
| Revenues (TTM) |
66.8 $ |
| Cash Flow (TTM) |
2.92 $ |
| Cash |
6.03 $
|
| Book Value |
88.12 $ |
| Dividend (TTM) |
1.11 $ |
|
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| |
| Loan Servicing and Systems |
|
 0.86 % |
of total Revenue |
| Education Technology Services and Payments |
|
18.82 % |
of total Revenue |
| Eliminations |
|
-0.87 % |
of total Revenue |
| Loan servicing and systems revenue |
|
17.23 % |
of total Revenue |
| Loan servicing and systems revenue Loan Servicing and Systems |
|
17.23 % |
of total Revenue |
| Education technology services and payments Education Technology Services and Payments |
|
18.82 % |
of total Revenue |
| Solar construction revenue |
|
3.08 % |
of total Revenue |
| Solar construction revenue Corporate and Other Activities |
|
3.08 % |
of total Revenue |
| Commercial revenue |
|
2.99 % |
of total Revenue |
| Residential revenue |
|
0.09 % |
of total Revenue |
| Government loan servicing |
|
13.57 % |
of total Revenue |
| Private education and consumer loan servicing |
|
2.08 % |
of total Revenue |
| FFELP loan servicing |
|
0.47 % |
of total Revenue |
| Software services |
|
0.83 % |
of total Revenue |
| Outsourced services |
|
0.28 % |
of total Revenue |
| Education technology services and payments revenue |
|
18.82 % |
of total Revenue |
| Tuition payment plan services |
|
5.04 % |
of total Revenue |
| Payment processing |
|
8.89 % |
of total Revenue |
| Education technology services |
|
4.79 % |
of total Revenue |
| Other |
|
0.1 % |
of total Revenue |
| Investment Advice |
|
0.22 % |
of total Revenue |
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