News articles about Nelnet (NYSE:NNI) have been trending somewhat negative this week, AlphaOne reports. AlphaOne, a subsidiary of Accern, ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Nelnet earned a media sentiment score of -0.07 on AlphaOne’s scale. AlphaOne also assigned news coverage about the credit services provider an impact score of 79 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next few days.
Several research analysts have commented on the company. TheStreet downgraded Nelnet from a “c-” rating to a “d+” rating in a research report on Thursday, March 23rd. Credit Suisse Group AG downgraded Nelnet from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 31st.
Nelnet (NYSE:NNI) last announced its earnings results on Monday, May 8th. The credit services provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by $0.01. Nelnet had a return on equity of 11.83% and a net margin of 20.23%. The business had revenue of $183.82 million during the quarter, compared to analysts’ expectations of $191.87 million. During the same quarter in the previous year, the firm earned $1.43 EPS. Nelnet’s quarterly revenue was down 4.3% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.14 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.39%. Nelnet’s payout ratio is presently 10.07%.
In other news, insider William J. Munn sold 998 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $45.00, for a total value of $44,910.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 45.40% of the stock is owned by insiders.
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Nelnet, Inc focuses on delivering education-related products and services and student loan asset management. The Company is engaged in student loan servicing, tuition payment processing and school information systems, and communications. The Company’s segments include Loan Systems and Servicing, Tuition Payment Processing and Campus Commerce, Communications, Asset Generation and Management, and Corporate and Other Activities.
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