nelnet inc-cl a (NNI:New York)
nelnet inc-cl a (NNI) Snapshot
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Open
$37.42
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Previous Close
$37.37
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Day High
$37.60
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Day Low
$36.22
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52 Week High
05/28/13 - $39.98
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52 Week Low
06/21/12 - $20.68
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Market Cap
1.7B
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Average Volume 10 Days
102.4K
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EPS TTM
$4.50
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Shares Outstanding
35.0M
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EX-Date
05/29/13
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P/E TM
8.1x
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Dividend
$0.40
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Dividend Yield
3.86%
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Related News
nelnet inc-cl a (NNI) Related Businessweek News
No Related Businessweek News Foundnelnet inc-cl a (NNI) Details
Nelnet, Inc., an education services company, provides processing services, and education-related products and services in the areas of asset management and finance, loan servicing, payment processing, and enrollment services in the United States. The company operates in four segments: Student Loan and Guaranty Servicing, Tuition Payment Processing and Campus Commerce, Enrollment Services, and Asset Generation and Management. The Student Loan and Guaranty Servicing segment engages in loan origination activities, loan conversion activities, application processing, borrower updates, payment processing, due diligence procedures, funds management reconciliations, and claim processing for the company’s student loan portfolio and the portfolios of third parties. This segment also provides software and data center, borrower and loan updates, default aversion tracking, claim processing, and post-default collection services for guarantee agencies; student loan servicing software; and information technology products and services in areas of educational loan software, technical consulting, enterprise content management, outsourcing, and back office support. The Tuition Payment Processing and Campus Commerce segment offers products and services to manage the payment of education costs at various levels; and education-focused technologies, services, and support solutions to schools for collection and processing of commerce data. The Enrollment Services segment provides inquiry, agency, software licensing, and digital marketing services, as well as content solutions. The Asset Generation and Management segment engages in the acquisition, management, and ownership of the company’s student loan assets. The company serves students and families; colleges and universities; private, faith-based, and other K-12 schools; lenders, servicers, and state agencies in education finance; and government entities. Nelnet, Inc. was founded in 1977 and is headquartered in Lincoln, Nebraska.
nelnet inc-cl a (NNI) Top Compensated Officers
nelnet inc-cl a (NNI) Key Developments
Nelnet, Inc.'s Board of Directors declared a second quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.10 per share. The dividend will be paid on June 14, 2013, to shareholders of record at the close of business on May 31, 2013. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported GAAP net income attributable to the company of $68.1 million, or $1.46 per share, compared with GAAP net income of $43.1 million, or $0.91 per share, for the same period a year ago. Excluding the derivative market value and foreign currency adjustments, net income was $62.3 million, or $1.34 per share, compared with $52.7 million, or $1.11 per share, for the same period in 2012. Strong first-quarter 2013 earnings were driven by an increase in net interest income earned on the company's loan portfolio, an increase in revenue from the company's fee-based businesses, and a decrease in operating expenses. Net interest income was $98.8 million compared with $84.9 million a year ago. Income before income taxes was $106.8 million compared with $66.5 million a year ago.
Nelnet, Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 09, 2013
Nelnet, Inc., Annual General Meeting, May 23, 2013., at 08:30 Central Standard Time. Location: Embassy Suites. Agenda: To elect eight directors nominated by the board of directors to serve until the 2014 annual meeting of shareholders; to ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for 2013; to conduct an advisory vote to approve the company's executive compensation; and to transact such other business if properly introduced.
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Industry Analysis
NNI
Industry Average
| Valuation | NNI | Industry Range |
| Price/Earnings | 8.7x |
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| Price/Sales | 2.5x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | 7.5x |
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| TEV/Sales | NM | Not Meaningful |
Post a JobJobs
- Cherry Hill, NJ | NelnetPosted: May 25
- Cherry Hill, NJ | NelnetPosted: Apr 01
- Cherry Hill, NJ | NelnetPosted: Apr 23
- Cherry Hill, NJ | NelnetPosted: May 03
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