Nelnet (NNI) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $1.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.39. Analysts expectations of $218.81 million. During the same quarter in the previous year, the company posted $1.37 EPS.
Many Wall Street Analysts have commented on Nelnet. Company shares were Reiterated by Compass Point on Mar 7, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $48 .
Nelnet closed down -0.38 points or -0.92% at $40.82 with 60,589 shares getting traded on Wednesday. Post opening the session at $40.72, the shares hit an intraday low of $40.63 and an intraday high of $41.735 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 17, 2016, William J Munn (Secy/Chief Legal Off/Gen Coun) sold 1,000 shares at $38.84 per share price. According to the SEC, on Aug 13, 2015, Kathleen Anne Farrell (director) sold 5,000 shares at $41.02 per share price.
Nelnet Inc. is a provider of educational services in loan servicing payment processing education planning and asset management. The Company’s products and services help students and families plan prepare and pay for their education and make the administrative and financial processes more efficient for schools and financial organizations. The company operates through three segments: Student Loan and Guaranty Servicing segment which focuses on student loan servicing student loan servicing-related technology solutions and outsourcing services for lenders guaranty agencies and other entities; Tuition Payment Processing and Campus Commerce segment which provides products and services to help students and families manage the payment of education costs at all levels (K-12 and higher education) and Asset Generation and Management segment which Includes the acquisition and management of the Company’s student loan assets.