Nelnet

Nelnet, Inc. engages in the provision of education-related products and services, as well as loan asset management. It operates through the business following segments: Loan Systems & Servicing, Education Technology, Services and Payment Processing, Communications, and Asset Generation and Management. The System & Servicing segment specializes in student loan portfolio and the portfolios of third parties such as loan conversion activities, application processing, borrower updates, customer service, payment processing, due diligence procedures, funds management reconciliations, and claim processing. The Education Technology, Services and Payment Processing segment provides products and services to help students and families manage the payment of education costs at all levels, as well as school information system software for private and faith-based schools that help schools automate administrative processes such as admissions, scheduling, student billing, attendance, and grade book management. The Communications segment is the operation of Allo Communications LLC which provides pure optic service to homes and businesses for internet, broadband, television, and telephone services. The Asset Generation & Management segment is the acquisition, management, and ownership of student loan assets. The company was founded by Michael S. Dunlap and Stephen F. Butterfield in 1977 and is headquartered in Lincoln, NE.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Nelnet, Inc. engages in loan servicing and education technology, services, and payment processing. It operates through the following segments: Loan Servicing and Systems (LSS), Education Technology Services and Payment Processing (ETSP), Asset Generation and Management (AGM), and Nelnet Bank. The LSS segment focuses on servicing federally owned student loans for the department. The ETSP segment provides education and payment technology and services for K-12 schools, higher education institutions, churches, and businesses in the United States and internationally. The AGM segment includes the acquisition, management, and ownership of its loan assets. The Nelnet Bank segment focuses on the private education and consumer loan marketplace. The company was founded by Michael S. Dunlap and Stephen F. Butterfield on December 21, 1977 and is headquartered in Lincoln, NE.

Nelnet reported a challenging quarter with earnings and revenue both below analyst estimates.

Nelnet: Q3 Earnings Miss, Revenue Slides

LINCOLN, Neb. , Nov. 7, 2024 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $2.4 million, or $0.07 per share, for the third quarter of 2024, compared with GAAP net income of $44.4 million, or $1.18 per share, for the same period a year ago.

Nelnet Reports Third Quarter 2024 Results

LINCOLN, Neb. , Oct. 14, 2024 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the third quarter ended September 30, 2024, after the close of the New York Stock Exchange on Thursday, November 7, 2024.

Nelnet to Announce Third Quarter Results

Shares have risen 20% since my previous recommendation where I estimated intrinsic value per share of $145. Owing to strong performance within Nelnet Business Services, where income grew 42% year over year in Q2, I have raised my estimate for intrinsic value to $162 per share. Meanwhile management continues to return capital to shareholders through dividends and buybacks.

Nelnet: Attractive Valuation At A Large Discount To Intrinsic Value

LINCOLN, Neb. , Aug. 8, 2024  /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $45.1 million, or $1.23 per share, for the second quarter of 2024, compared with GAAP net income of $27.4 million, or $0.73 per share, for the same period a year ago.

Nelnet Reports Second Quarter 2024 Results

Nelnet (NNI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Nelnet (NNI) Upgraded to Strong Buy: Here's What You Should Know

LINCOLN, Neb. , July 23, 2024 /PRNewswire/ -- FACTS®, a Nelnet company (NYSE: NNI), announced at the recent FACTS Elevate Conference the consolidation of multiple Nelnet brands into the FACTS brand.

FACTS Expands Education Technology Suite to Serve Corporate and Faith-Based Organizations

LINCOLN, Neb. , July 11, 2024 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the second quarter ended June 30, 2024, after the close of the New York Stock Exchange on Thursday, August 8, 2024.

Nelnet to Announce Second Quarter Results

DXP Enterprises

Howmet Aerospace

HWM, DXPE and NNI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 17, 2024.

Best Momentum Stock to Buy for May 17th

Nelnet topped earnings and revenue estimates for the quarter, driven by strong performance from its education-services division. The company is also reducing its share count in a period when the stock has been stuck in neutral.

Why NelNet Stock Is Popping Higher Today

LINCOLN, Neb. , May 9, 2024 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $73.2 million, or $1.97 per share, for the first quarter of 2024, compared with GAAP net income of $26.5 million, or $0.71 per share, for the same period a year ago.

Nelnet Reports First Quarter 2024 Results

Nelnet is a conglomerate with ownership in high-quality businesses, trading at a large discount to its intrinsic value. Management has a long history of consistently increasing shareholder returns through smart capital allocation. Today the business trades at only a slight premium to book value, which limits downside, presenting a very attractive risk/reward profile for investors.

Nelnet: An Appealing Valuation Emerges After A Challenging 2023

LINCOLN, Neb. , April 17, 2024 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced it will release earnings for the first quarter ended March 31, 2024, after the close of the New York Stock Exchange on Thursday, May 9, 2024.

Nelnet to Announce First Quarter Results

LINCOLN, Neb. , April 12, 2024 /PRNewswire/ -- Nelnet Renewable Energy today announced a strategic shift in its solar engineering, procurement, and construction (EPC) operations to focus exclusively on the commercial solar market.

Nelnet Renewable Energy Sharpens Focus on Commercial Solar

NEW YORK , April 11, 2024 /PRNewswire/ -- Sunrock Distributed Generation, a commercial solar and clean energy development and management platform, announces today its tax equity partnership with Nelnet, Inc. (NYSE: NNI), marking a significant step towards enhancing energy sustainability, building power grid resiliency, and reducing carbon emissions in local communities. The partnership combines the extensive expertise of Sunrock and Nelnet to finance and construct ongoing portfolios of distributed generation assets across several states including California, Illinois, New Jersey, and New York.

Sunrock DG and Nelnet Partner for Renewable Distributed Generation Projects

LINCOLN, Neb. , Feb. 27, 2024 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported a GAAP net loss of $8.6 million, or $0.23 per share, for the fourth quarter of 2023, compared with GAAP net income of $30.8 million, or $0.83 per share, for the same period a year ago.

Nelnet Reports Fourth Quarter 2023 Results

LINCOLN, Neb. , Feb. 1, 2024 /PRNewswire/ -- Nelnet, Inc. (NYSE: NNI) today announced 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 $0.28 per share.

Nelnet to Announce Fourth Quarter Results; Board Approves Dividend

ACNB

Associated Banc-Corp

Churchill Downs

CRA International

Dolby Laboratories

Hartford Financial Services Group

Hubbell

Lancaster Colony

Landmark Bancorp

Lockheed Martin

McDonald's

NIKE

Principal Financial Group

Power Integrations

Schwab US Dividend Equity ETF

Stepan

Tennant

Three dividend kings are featured this week: Stepan Company, Tennant Company, and Lancaster Colony Corporation. December is the last opportunity for companies to announce yearly dividend increases. Tables and metrics are provided for investors to prioritize current yield and historical dividend growth rates.

19 Upcoming Dividend Increases, Including 3 Kings

Merck

Agilent Technologies

Automatic Data Processing

American Equity Investment Life

Assurant

Atmos Energy

Becton, Dickinson and Co.

Cencora Inc

CubeSmart

Emerson Electric

Evergy Inc

Huntington Ingalls Industries

Hormel Foods

Matthews International

McCormick

Motorola Solutions

Royal Gold

Roper Technologies

Snap-on

Spire

York Water

Investors were rewarded with 10%+ dividend increases from Snap-on Tools and ADP in the first half of November. Other companies that rewarded investors in the first two weeks of the month were Emerson, which extended its dividend growth streak to 67 years, and utilities Atmos and Evergy. The second half of the month will bring dividend increases from Nike, Merck, Hormel and Agilent, among others.

Nike, Merck Among 13 Companies To Announce Annual Dividend Increases In Second Half Of November

LINCOLN, Neb. , Nov. 7, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $45.3 million, or $1.21 per share, for the third quarter of 2023, compared with GAAP net income of $104.8 million, or $2.80 per share, for the same period a year ago.

Nelnet Reports Third Quarter 2023 Results

OKLAHOMA CITY--(BUSINESS WIRE)---- $Nelnet #DataBreach--Federman & Sherwood successfully opposed two motions to dismiss in the pending data breach litigation against Nelnet, Inc. and the Oklahoma Student Loan Authority in the United States District Court for the Western District of Oklahoma. To read these Orders, please visit: https://www.federmanlaw.com/blog/federman-sherwood-announces-court-denies-nelnet-and-oslas-motions-to-dismiss-case. If you wish to discuss this action or obtain further information, please c.

Federman & Sherwood Announces Recent Success Against Nelnet, Inc. and the Oklahoma Student Loan Authority

Navient

SoFi Technologies

Stocks of companies related to student loans have experienced a drop in value ahead of the restart of student loan payments after a three-year pause and amid the Biden administration's efforts to cancel some of that debt.

Student Loan Stocks Drop Ahead of Restart of Payments

Nelnet has a strong track record of growth, similar to Berkshire Hathaway. The company did well with its student loan business but is now diversifying out of the industry.

This Hidden Dividend Grower Can Provide Monster Returns for Your Portfolio

Chegg

Celsius Holdings

Earnings from Chegg, Celsius, and Nelnet show why it pays to watch cash flow and how businesses can shore themselves up when there's cash on hand.

Follow the Cash: Celsius, Chegg, Nelnet

LINCOLN, Neb. , Aug. 8, 2023 /PRNewswire/ -- GRNE Solar, a premier solar engineering, procurement and construction (EPC) firm, announced today it has transitioned to the Nelnet Renewable Energy brand.

GRNE Solar Rebrands as Nelnet Renewable Energy

News for Nelnet Stock (NNI)