Nelnet, Inc. (NNI)

NYSE: NNI · IEX Real-Time Price · USD
94.94
+0.06 (0.06%)
Apr 24, 2024, 4:00 PM EDT - Market closed
0.06%
Market Cap 3.52B
Revenue (ttm) 1.15B
Net Income (ttm) 91.53M
Shares Out 37.04M
EPS (ttm) 2.45
PE Ratio 38.75
Forward PE 18.24
Dividend $1.12 (1.18%)
Ex-Dividend Date Feb 29, 2024
Volume 70,942
Open 94.20
Previous Close 94.88
Day's Range 94.09 - 95.34
52-Week Range 81.67 - 101.60
Beta 0.85
Analysts Hold
Price Target 95.00 (+0.06%)
Earnings Date May 9, 2024

About NNI

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. This segment also offers student loan servicing software; business process outsourcing services specialized in contact center management, such as inbound calls, outreach campaigns an... [Read more]

Industry Credit Services
Sector Financials
IPO Date Dec 11, 2003
Employees 7,550
Stock Exchange NYSE
Ticker Symbol NNI
Full Company Profile

Financial Performance

In 2023, Nelnet's revenue was $1.15 billion, a decrease of -23.66% compared to the previous year's $1.51 billion. Earnings were $91.53 million, a decrease of -77.53%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for NNI stock is "Hold" and the 12-month stock price forecast is $95.0.

Price Target
$95.0
(0.06% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Nelnet to Announce First Quarter Results

LINCOLN, Neb. , April 17, 2024 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the first quarter ended March 31, 2024, after the close of the New York Stock Excha...

7 days ago - PRNewsWire

Nelnet Renewable Energy Sharpens Focus on Commercial Solar

LINCOLN, Neb. , April 12, 2024 /PRNewswire/ -- Nelnet Renewable Energy today announced a strategic shift in its solar engineering, procurement, and construction (EPC) operations to focus exclusively o...

12 days ago - PRNewsWire

Sunrock DG and Nelnet Partner for Renewable Distributed Generation Projects

NEW YORK , April 11, 2024 /PRNewswire/ -- Sunrock Distributed Generation, a commercial solar and clean energy development and management platform, announces today its tax equity partnership with Nelne...

13 days ago - PRNewsWire

Nelnet Reports Fourth Quarter 2023 Results

LINCOLN, Neb. , Feb. 27, 2024 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported a GAAP net loss of $8.6 million, or $0.23 per share, for the fourth quarter of 2023, compared with GAAP net income of $3...

2 months ago - PRNewsWire

Nelnet to Announce Fourth Quarter Results; Board Approves Dividend

LINCOLN, Neb. , Feb. 1, 2024 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced the Nelnet Board of Directors declared a first quarter cash dividend on the company's outstanding shares of Class ...

2 months ago - PRNewsWire

Nelnet Reports Third Quarter 2023 Results

LINCOLN, Neb. , Nov. 7, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $45.3 million, or $1.21 per share, for the third quarter of 2023, compared with GAAP net income of $10...

6 months ago - PRNewsWire

Federman & Sherwood Announces Recent Success Against Nelnet, Inc. and the Oklahoma Student Loan Authority

OKLAHOMA CITY--(BUSINESS WIRE)---- $Nelnet #DataBreach--Federman & Sherwood successfully opposed two motions to dismiss in the pending data breach litigation against Nelnet, Inc. and the Oklahoma Stud...

6 months ago - Business Wire

Nelnet to Announce Third Quarter Results

LINCOLN, Neb. , Oct. 17, 2023 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the third quarter ended September 30, 2023, after the close of the New York Stock Ex...

6 months ago - PRNewsWire

Student Loan Stocks Drop Ahead of Restart of Payments

Stocks of companies related to student loans have experienced a drop in value ahead of the restart of student loan payments after a three-year pause and amid the Biden administration's efforts to canc...

Other symbols: NAVISLMSOFI
7 months ago - PYMNTS

GRNE Solar Rebrands as Nelnet Renewable Energy

LINCOLN, Neb. , Aug. 8, 2023 /PRNewswire/ -- GRNE Solar, a premier solar engineering, procurement and construction (EPC) firm, announced today it has transitioned to the Nelnet Renewable Energy brand.

9 months ago - PRNewsWire

Nelnet Reports Second Quarter 2023 Results

LINCOLN, Neb. , Aug. 7, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $28.3 million, or $0.75 per share, for the second quarter of 2023, compared with GAAP net income of $8...

9 months ago - PRNewsWire

Nelnet Awarded GSA Schedule to Expand Support for Government Agencies

LINCOLN, Neb. , July 26, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI), a student loan servicing, back-office, contact center, and technology provider for government agencies, is pleased to announce its lat...

9 months ago - PRNewsWire

Nelnet to Announce Second Quarter Results

LINCOLN, Neb. , July 13, 2023 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the second quarter ended June 30, 2023, after the close of the New York Stock Exchan...

10 months ago - PRNewsWire

Nelnet Reports First Quarter 2023 Results

LINCOLN, Neb. , May 8, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $26.5 million, or $0.71 per share, for the first quarter of 2023, compared with GAAP net income of $186...

1 year ago - PRNewsWire

Nelnet Awarded U.S. Department of Education's USDS Loan Servicing Contract

LINCOLN, Neb. , April 25, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced its Nelnet Diversified Services division has been awarded a Unified Servicing and Data Solution (USDS) contract by the...

1 year ago - PRNewsWire

Student loan ‘train wreck': As return of regular payments loom, servicers have less staff to field expected deluge of calls

Borrowers are slated to resume student loan payments in a few months and if they need help, it may be harder to get someone on the phone than in the recent past.

1 year ago - Market Watch

Nelnet Announces Reduction of Staff Due to Contract Changes Impacting Student Loan Servicing

LINCOLN, Neb. , March 23, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced a staffing reduction to address lower pricing and reduced servicing volume for the company's federal servicing contrac...

1 year ago - PRNewsWire

Nelnet Reports Fourth Quarter 2022 Results

LINCOLN, Neb. , Feb. 28, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $30.8 million, or $0.83 per share, for the fourth quarter of 2022, compared with GAAP net income of $...

1 year ago - PRNewsWire

Nelnet Announces Changes to Staffing Capacity in Student Loan Servicing Division

LINCOLN, Neb. , Jan. 18, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced changes to manage excess staff capacity due to delays in the government's student debt relief and return to repayment p...

1 year ago - PRNewsWire

Nelnet Mourns the Loss of Board Member William Cintani

LINCOLN, Neb. , Dec. 16, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) today announced with great sadness that board member William "Bill" Cintani passed away on December 10, 2022.

1 year ago - PRNewsWire

GRNE Solar Announces New Office Location in Loveland, Colorado

GRNE Solar, a leading Midwest EPC solar installer, announces it is bringing its decades of solar experience to the sunny state of Colorado. PALATINE, Ill.

1 year ago - PRNewsWire

Nelnet Reports Third Quarter 2022 Results

LINCOLN, Neb. , Nov. 7, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $104.8 million, or $2.80 per share, for the third quarter of 2022, compared with GAAP net income of $5...

1 year ago - PRNewsWire

Shareholder Alert: Grabar Law Office Investigates Shareholder Claims Against Officers and Directors of Nelnet, Inc. (NNI)

Philadelphia, Pennsylvania--(Newsfile Corp. - September 12, 2022) - Consumer class actions have been filed against Nelnet (NYSE: NNI) over an apparent data breach that allegedly impacted 2.5 million a...

1 year ago - Newsfile Corp

PaymentSpring Announces Name Change to Nelnet Payment Services

LINCOLN, Neb. , Aug. 10, 2022 /PRNewswire/ -- PaymentSpring, a division of Nelnet, Inc. (NYSE: NNI) and a leader in secure payment technology for education and non-profits across the United States, ha...

1 year ago - PRNewsWire

Nelnet Reports Second Quarter 2022 Results

LINCOLN, Neb. , Aug. 8, 2022 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $85.1 million, or $2.26 per share, for the second quarter of 2022, compared with GAAP net income of $8...

1 year ago - PRNewsWire