Last $46.95 USD
Change Today +0.33 / 0.71%
Volume 44.5K
As of 10:19 AM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

nelnet inc-cl a (NNI) Snapshot

Open
$46.61
Previous Close
$46.62
Day High
$47.00
Day Low
$46.61
52 Week High
02/6/15 - $48.80
52 Week Low
05/16/14 - $38.42
Market Cap
2.2B
Average Volume 10 Days
49.4K
EPS TTM
$6.63
Shares Outstanding
34.7M
EX-Date
02/25/15
P/E TM
7.1x
Dividend
$0.40
Dividend Yield
0.86%
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.

3,100 Employees
Last Reported Date: 02/27/15
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. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Nelnet, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. The company reported GAAP net income attributable to the company of $73.6 million, or $1.59 per basic and diluted share, for the fourth quarter of 2014, compared with GAAP net income of $70.5 million, or $1.52 per basic and diluted share, for the same period a year ago. The increase in earnings for the fourth quarter of 2014 compared with the same period in 2013 was due to an increase in net interest income earned from the company's student loan portfolio and an increase in income from repurchases of the company's debt. This increase was partially offset by the expected decrease in net income from the company's Student Loan and Guaranty Servicing operating segment and a decrease in income from gains on investments and investment advisory fees. Total interest income was $184,553,000 compared to $167,871,000 a year ago. Income before income taxes was $103,955,000 compared to $108,644,000 a year ago. GAAP net income attributable to the company for the year ended December 31, 2014 was $307.6 million, or $6.62 per basic and diluted share, compared with GAAP net income of $302.7 million or $6.50 per basic and diluted share, for 2013. Excluding derivative market value and foreign currency adjustments, net income in 2014 was $284.2 million, or $6.12 per share, compared with $272.5 million, or $5.85 per share, for 2013. Total interest income was $709,800,000 compared to $644,810,000 a year ago. Income before income taxes was $469,519,000 compared to $465,534,000 a year ago.

Nelnet Seeks Acquisitions

Jeff Noordhoek, Chief Executive Officer of Nelnet, Inc. (NYSE:NNI) said, "In 2015, we expect to be able to make investments in diversification and private education loan partnerships, as well as continuing to find federal student loan portfolios to acquire."

Nelnet, Inc. Declares First Quarter Cash Dividend, Payable on March 13, 2015

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 13, 2015, to shareholders of record at the close of business on February 27, 2015.

 

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Industry Analysis

NNI

Industry Average

Valuation NNI Industry Range
Price/Earnings 7.0x
Price/Sales 2.3x
Price/Book 1.3x
Price/Cash Flow 6.6x
TEV/Sales NM Not Meaningful
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