Last $39.31 USD
Change Today +0.13 / 0.33%
Volume 98.4K
NNI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

nelnet inc-cl a (NNI) Snapshot

Open
$39.46
Previous Close
$39.18
Day High
$39.81
Day Low
$39.09
52 Week High
11/29/13 - $45.49
52 Week Low
04/17/13 - $31.76
Market Cap
1.8B
Average Volume 10 Days
102.3K
EPS TTM
$6.15
Shares Outstanding
35.0M
EX-Date
02/26/14
P/E TM
6.4x
Dividend
$0.40
Dividend Yield
1.02%
Current Stock Chart for NELNET INC-CL A (NNI)

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nelnet 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 is involved in loan servicing activities, such as loan conversion activities, application processing, borrower updates, customer service, 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; and student loan servicing software. The Tuition Payment Processing and Campus Commerce segment offers products and services to help students and families to manage the payment of education costs at various levels; and education-focused technologies, services, and support solutions to schools for collecting and processing commerce data. The Enrollment Services segment provides inquiry generation, inquiry management agency services, inquiry management software, digital marketing services, and content solutions. The Asset Generation and Management segment is engaged in the acquisition, management, and ownership of the company’s student loan assets. Its customers include students and families; colleges and universities, primarily financial aid, business, and admissions offices; private, faith-based, and other K-12 schools; lenders, servicers, and state agencies in education finance; and government entities. The company was founded in 1978 and is headquartered in Lincoln, Nebraska.

2,800 Employees
Last Reported Date: 02/27/14
Founded in 1978

nelnet inc-cl a (NNI) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $1.1M
President
Total Annual Compensation: $529.0K
Executive Chairman and Chairman of Executive ...
Total Annual Compensation: $1.0M
Chief Operating Officer
Total Annual Compensation: $1.0M
Chief Governance Officer, General Counsel and...
Total Annual Compensation: $407.1K
Compensation as of Fiscal Year 2013.

nelnet inc-cl a (NNI) Key Developments

Nelnet, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Nelnet, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. The company reported GAAP net income attributable to company shareholders of $70.5 million, or $1.52 per basic and diluted share, for the fourth quarter of 2013, compared with GAAP net income of $56.6 million, or $1.20 per share, for the same period a year ago. Excluding derivative market value and foreign currency adjustments, net income was $70.1 million, or $1.51 per share, for the fourth quarter of 2013, compared with $48.1 million, or $1.02 per share, for the same period in 2012. The company reported income from derivative market value and foreign currency adjustments of $0.4 million after tax, or $0.01 per share, for the fourth quarter of 2013, compared with income of $8.5 million after tax, or $0.18 per share, for the fourth quarter of 2012. The increase in net income in 2013 compared with 2012 was due to increases in net interest income earned on the company's student loan portfolio and increases in income from the company's fee-based businesses and other investments. Net interest income was $108.736 million against $90.598 million a year ago. Income before income taxes was $108.644 million against $92.752 million a year ago. GAAP net income attributable to company shareholders for the year ended December 31, 2013 was $302.7 million, or $6.50 per basic and diluted share, compared with GAAP net income of $178.0 million, or $3.76 per share, for 2012. Excluding derivative market value and foreign currency adjustments, net income in 2013 was $272.5 million, or $5.85 per share, compared with $207.4 million, or $4.38 per share, for 2012. The derivative market value and foreign currency adjustments were income of $30.1 million after tax, or $0.65 per share, during 2013, compared with an expense of $29.4 million after tax, or $0.62 per share, for 2012. Net interest income was $413.875 million against $345.287 million a year ago. Income before income taxes was $465.534 million against $274.505 million a year ago.

Nelnet, Inc. Approves Amendment to Article III of the Bylaws of the Company

Nelnet, Inc. announced that on February 6, 2014, the Board of Directors of the company approved an amendment, effective immediately, to Article III of the bylaws of the company to address recent changes to the company's officers.

Nelnet Approves Dividend, Payable on March 14, 2014

The Nelnet Board of Directors declared a first 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 March 14, 2014, to shareholders of record at the close of business on February 28, 2014.

 

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Industry Analysis

NNI

Industry Average

Valuation NNI Industry Range
Price/Earnings 6.0x
Price/Sales 2.0x
Price/Book 1.3x
Price/Cash Flow 5.7x
TEV/Sales NM Not Meaningful
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