Why NelNet Stock Is Popping Higher Today [Yahoo! Finance]
Nelnet, Inc. (NNI)
US:NYSE Investor Relations:
nelnet.com/investors
Company Research
Source: Yahoo! Finance
Nelnet shares traded up 10% in the final hour of trading Friday following the strong report. Strong showing in a challenging economy Nelnet is a collection of assets including student and consumer lending, payment processing, banking , as well as an investment portfolio with exposure to a number of different sectors. The company earned $1.81 per share in Q1, easily topping Wall Street's $1.37 per-share estimate and an improvement of 23% year over year. Revenue came in at $385.4 million, topping the $364 million consensus estimate. The company's business of providing services and payments for the education sector was a particular standout, with net income up more than 25% compared to a year ago. "Our core businesses performed well in an uncertain environment," CEO Jeff Noordhoek said in a statement. "We continue to look for market opportunities to capitalize on our strong liquidity position, including investing in our current businesses, loan acquisitions, strategic acquisition
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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
- Most Shareholders Will Probably Find That The Compensation For Nelnet, Inc.'s (NYSE:NNI) CEO Is Reasonable [Yahoo! Finance]Yahoo! Finance
- Nelnet Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
NNI
Earnings
- 5/9/24 - Beat
NNI
Sec Filings
- 5/21/24 - Form 8-K
- 5/20/24 - Form 3
- 5/9/24 - Form 10-Q
- NNI's page on the SEC website