Nelnet Reports First Quarter 2024 Results
Nelnet, Inc. (NNI)
US:NYSE Investor Relations:
nelnet.com/investors
Company Research
Source: PR Newswire
LINCOLN, Neb., May 9, 2024 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $73.2 million, or $1.97 per share, for the first quarter of 2024, compared with GAAP net income of $26.5 million, or $0.71 per share, for the same period a year ago.Net income, excluding derivative market value adjustments[1], was $67.2 million, or $1.81 per share, for the first quarter of 2024, compared with $54.9 million, or $1.47 per share, for the same period in 2023."We are extremely pleased with the results of the first quarter," said Jeff Noordhoek, chief executive officer of Nelnet. "Our core businesses performed well in an uncertain environment. We continue to look for market opportunities to capitalize on our strong liquidity position, including investing in our current businesses, loan acquisitions, strategic acquisitions and investments, and capital management initiatives. Year to date, we have repurchased almost 818,000 shares of our common stock at a price we believe is extrem
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News
- Nelnet, Inc. (NYSE: NNI) had its price target raised by analysts at TD Cowen from $90.00 to $96.00. They now have a "hold" rating on the stock.MarketBeat
- Nelnet, Inc. (NYSE: NNI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Nelnet First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Why NelNet Stock Is Popping Higher Today [Yahoo! Finance]Yahoo! Finance
- Most Shareholders Will Probably Find That The Compensation For Nelnet, Inc.'s (NYSE:NNI) CEO Is Reasonable [Yahoo! Finance]Yahoo! Finance
NNI
Earnings
- 5/9/24 - Beat
NNI
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 5/6/24 - Form DEFA14A
- NNI's page on the SEC website