Live News • Jun 30
Nelnet Bank Unveils Graduate Loan Options as Students Seek Federal Alternatives Nelnet Bank has rolled out new graduate student loan products in response to federal Grad PLUS loan changes taking effect on July 1, offering multiple repayment options and a streamlined application process for affected borrowers.
The bank reports a significant rise in inquiries from graduate students seeking alternatives to federal Grad PLUS loans, suggesting early traction for the new private financing options.
Nelnet’s stock trades at $132.92, with the share price up 3.0% year to date.
The move gives Nelnet another way to tap demand in graduate lending at a time when some students are reassessing reliance on federal programs. The key watchpoint is credit performance and pricing: private graduate loans can be attractive for well-qualified borrowers, but they also add exposure to consumer credit risk and regulatory scrutiny around student lending practices. Upcoming Dividend • May 26
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 01 June 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.9%). Declared Dividend • May 11
First quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 1st June 2026 Payment date: 15th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 8.6% over the next year. However, it would need to fall by 88% to increase the payout ratio to a potentially unsustainable range. Live News • May 09
Nelnet Misses Q1 Revenue Targets and Integrates Canadian Acquisition Nelnet reported Q1 2026 revenue that was up 10.3% year over year but below market expectations, with non-GAAP earnings per share also below analyst estimates.
GAAP net income for Q1 2026 was US$71.1 million, or US$1.97 per share, compared with US$82.6 million, or US$2.26 per share, in the same quarter a year earlier.
The company completed the acquisition of a Canadian firm in February 2026, now integrated into its Loan Servicing and Systems segment, and declared a second-quarter dividend of US$0.33 per share payable on June 15, 2026.
For you as an investor, the latest quarter shows a mix of top-line growth and weaker earnings relative to analyst expectations. Revenue rose 10.3% compared with Q1 2025, yet both revenue and non-GAAP earnings per share came in below market estimates, and GAAP net income and earnings per share were lower than a year earlier. Management, led by CEO Jeff Noordhoek, described the start of 2026 as strong across all business segments.
The Canadian acquisition adds to Nelnet’s Loan Servicing and Systems footprint and broadens its reach into a new geography. This may affect the mix of business within that segment over time. The decision to declare a US$0.33 per share dividend for the second quarter indicates that the board is continuing a regular cash return to shareholders despite the earnings shortfall. Investors may want to monitor future quarters to see how the new acquisition is reflected in segment results and whether earnings trends align more closely with market expectations. Announcement • Apr 15
Nelnet, Inc. to Report Q1, 2026 Results on May 07, 2026 Nelnet, Inc. announced that they will report Q1, 2026 results After-Market on May 07, 2026 Announcement • Apr 03
Nelnet, Inc., Annual General Meeting, May 14, 2026 Nelnet, Inc., Annual General Meeting, May 14, 2026. Location: at the nelnet center fountain suites event studio, 121 south 13th street, nebraska, lincoln, United States Reported Earnings • Feb 27
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$11.79 (up from US$5.02 in FY 2024). Revenue: US$1.68b (up 24% from FY 2024). Net income: US$428.5m (up 133% from FY 2024). Profit margin: 26% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 70%. Revenue is forecast to stay flat during the next 2 years compared to a 13% growth forecast for the Consumer Finance industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 20
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 27 February 2026. Payment date: 13 March 2026. Payout ratio is a comfortable 9.6% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.4%). Declared Dividend • Feb 02
Third quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 27th February 2026 Payment date: 13th March 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 5.7% over the next 2 years. However, it would need to fall by 89% to increase the payout ratio to a potentially unsustainable range. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 01 December 2025. Payment date: 15 December 2025. Payout ratio is a comfortable 9.6% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (1.4%). Announcement • Nov 21
Mars Energy LLC acquired Nelnet Renewable Energy from Nelnet, Inc. (NYSE:NNI). Mars Energy LLC acquired Nelnet Renewable Energy from Nelnet, Inc. (NYSE:NNI) on November 20, 2025. Following the acquisition, Nelnet Renewable Energy will operate as MARS Energy Solutions. Additionally, Eric Peterman, founder of Nelnet Renewable Energy, will be the chief executive officer of MARS Energy Solutions, alongside Jess Baker, a current senior leader at MARS Energy Solutions.
Mars Energy LLC completed the acquisition of Nelnet Renewable Energy from Nelnet, Inc. (NYSE:NNI) on November 20, 2025. Price Target Changed • Nov 10
Price target increased by 8.0% to US$135 Up from US$125, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$130. Stock is up 17% over the past year. The company is forecast to post earnings per share of US$6.53 for next year compared to US$5.02 last year. Declared Dividend • Nov 10
Third quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 1st December 2025 Payment date: 15th December 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 14% over the next year. However, it would need to fall by 89% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 07
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$2.94 (up from US$0.066 in 3Q 2024). Revenue: US$431.3m (up 49% from 3Q 2024). Net income: US$106.7m (up US$104.3m from 3Q 2024). Profit margin: 25% (up from 0.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 93%. Revenue is expected to decline by 3.1% p.a. on average during the next 2 years, while revenues in the Consumer Finance industry in the US are expected to grow by 14%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Nov 07
Nelnet, Inc. Declares Fourth Quarter Cash Dividend on Class A Common Stock and Class B Common Stock, Payable on December 15, 2025 The Nelnet, Inc. Board of Directors declared a fourth-quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.33 per share. The dividend will be paid on December 15, 2025, to shareholders of record at the close of business on December 1, 2025. Announcement • Oct 16
Nelnet, Inc. to Report Q3, 2025 Results on Nov 06, 2025 Nelnet, Inc. announced that they will report Q3, 2025 results After-Market on Nov 06, 2025 Recent Insider Transactions Derivative • Sep 08
Independent Lead Director notifies of intention to sell stock Thomas Henning intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of September. If the sale is conducted around the recent share price of US$129, it would amount to US$1.1m. Since March 2025, Thomas has owned 19.25k shares directly. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Upcoming Dividend • Aug 26
Upcoming dividend of US$0.30 per share Eligible shareholders must have bought the stock before 02 September 2025. Payment date: 16 September 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.3%). Declared Dividend • Aug 10
Second quarter dividend increased to US$0.30 Dividend of US$0.30 is 7.1% higher than last year. Ex-date: 2nd September 2025 Payment date: 16th September 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Aug 07
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$4.97 (up from US$1.24 in 2Q 2024). Revenue: US$522.7m (up 63% from 2Q 2024). Net income: US$181.5m (up 302% from 2Q 2024). Profit margin: 35% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 43%. Earnings per share (EPS) also surpassed analyst estimates by 160%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Consumer Finance industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Aug 07
Nelnet, Inc. Declares Third Quarter Cash Dividend on Class A Common Stock and Class B Common Stock, Payable on September 16, 2025 The Nelnet Board of Directors declared a third-quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.30 per share. The dividend will be paid on September 16, 2025, to shareholders of record at the close of business on September 2, 2025. Announcement • Jul 15
Nelnet, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Nelnet, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Upcoming Dividend • May 27
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 02 June 2025. Payment date: 16 June 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (1.6%). Price Target Changed • May 14
Price target increased by 8.7% to US$125 Up from US$115, the current price target is provided by 1 analyst. New target price is 6.2% above last closing price of US$118. Stock is up 6.3% over the past year. The company is forecast to post earnings per share of US$7.65 for next year compared to US$5.02 last year. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Earnings have declined by 13% per year over the past 5 years. Declared Dividend • May 12
First quarter dividend of US$0.28 announced Dividend of US$0.28 is the same as last year. Ex-date: 2nd June 2025 Payment date: 16th June 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 09
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$2.26 (up from US$1.97 in 1Q 2024). Revenue: US$383.2m (up 3.2% from 1Q 2024). Net income: US$82.6m (up 13% from 1Q 2024). Profit margin: 22% (up from 20% in 1Q 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Finance industry in the US. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • May 09
Nelnet Declares Second-Quarter Cash Dividend, Payable on June 16, 2025 The Nelnet Board of Directors declared a second-quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.28 per share. The dividend will be paid on June 16, 2025, to shareholders of record at the close of business on June 2, 2025. Announcement • Apr 16
Nelnet, Inc. to Report Q1, 2025 Results on May 08, 2025 Nelnet, Inc. announced that they will report Q1, 2025 results After-Market on May 08, 2025 Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. Independent Director Adam Peterson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Mar 04
Price target increased by 13% to US$120 Up from US$106, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$119. Stock is up 37% over the past year. The company is forecast to post earnings per share of US$6.50 for next year compared to US$5.02 last year. New Risk • Mar 04
New major risk - Revenue and earnings growth Earnings have declined by 8.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.0% operating cash flow to total debt). Earnings have declined by 8.3% per year over the past 5 years. Reported Earnings • Feb 28
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$5.02 (up from US$2.45 in FY 2023). Revenue: US$1.40b (up 19% from FY 2023). Net income: US$184.0m (up 101% from FY 2023). Profit margin: 13% (up from 7.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Finance industry in the US. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Feb 28
Nelnet, Inc., Annual General Meeting, May 15, 2025 Nelnet, Inc., Annual General Meeting, May 15, 2025. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 28 February 2025. Payment date: 14 March 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.6%). Declared Dividend • Feb 03
Third quarter dividend of US$0.28 announced Dividend of US$0.28 is the same as last year. Ex-date: 28th February 2025 Payment date: 14th March 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 61% over the next 2 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Earnings have declined by 3.4% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Upcoming Dividend • Nov 25
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 02 December 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.6%). Declared Dividend • Nov 11
Third quarter dividend of US$0.28 announced Dividend of US$0.28 is the same as last year. Ex-date: 2nd December 2024 Payment date: 16th December 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 44% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 09
Nelnet, Inc. Declares Fourth-Quarter Cash Dividend, Payable on December 16, 2024 The Nelnet Board of Directors declared a fourth-quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.28 per share. The dividend will be paid on December 16, 2024, to shareholders of record at the close of business on December 2, 2024. Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: US$0.066 (down from US$1.21 in 3Q 2023). Revenue: US$320.4m (flat on 3Q 2023). Net income: US$2.39m (down 95% from 3Q 2023). Profit margin: 0.7% (down from 14% in 3Q 2023). Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) also missed analyst estimates by 95%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Finance industry in the US. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Nov 06
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to US$125. The fair value is estimated to be US$98.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has declined by 46%. Revenue is forecast to grow by 9.2% in a year. Earnings are forecast to grow by 42% in the next year. Announcement • Oct 15
Nelnet, Inc. to Report Q3, 2024 Results on Nov 07, 2024 Nelnet, Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Price Target Changed • Oct 02
Price target increased by 15% to US$110 Up from US$96.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$112. Stock is up 28% over the past year. The company is forecast to post earnings per share of US$5.82 for next year compared to US$2.45 last year. Upcoming Dividend • Aug 26
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.9%). Price Target Changed • Aug 12
Price target increased by 8.9% to US$98.00 Up from US$90.00, the current price target is provided by 1 analyst. New target price is 7.7% below last closing price of US$106. Stock is up 12% over the past year. The company is forecast to post earnings per share of US$5.90 for next year compared to US$2.45 last year. Declared Dividend • Aug 12
Second quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 30th August 2024 Payment date: 13th September 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$1.24 (up from US$0.75 in 2Q 2023). Revenue: US$329.1m (up 15% from 2Q 2023). Net income: US$45.1m (up 60% from 2Q 2023). Profit margin: 14% (up from 9.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 7.5%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Finance industry in the US. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Aug 09
Nelnet, Inc. Declares Third-Quarter Cash Dividend, Payable on September 13, 2024 The Nelnet Board of Directors declared a third-quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.28 per share. The dividend will be paid on September 13, 2024, to shareholders of record at the close of business on August 30, 2024. Buy Or Sell Opportunity • Jul 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to US$113. The fair value is estimated to be US$94.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 18% in a year. Earnings are forecast to grow by 61% in the next year. Announcement • Jul 12
Nelnet, Inc. to Report Q2, 2024 Results on Aug 08, 2024 Nelnet, Inc. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Upcoming Dividend • May 27
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (2.1%). Price Target Changed • May 14
Price target increased by 10% to US$96.00 Up from US$87.00, the current price target is provided by 1 analyst. New target price is 13% below last closing price of US$110. Stock is up 17% over the past year. The company posted earnings per share of US$2.45 last year. Declared Dividend • May 13
First quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 11
Nelnet, Inc. Declares Second-Quarter Cash Dividend, Payable on June 14, 2024 The Board of Directors of Nelnet, Inc. declared a second-quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.28 per share. The dividend will be paid on June 14, 2024, to shareholders of record at the close of business on May 31, 2024. Reported Earnings • May 10
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$1.97 (up from US$0.71 in 1Q 2023). Revenue: US$374.5m (up 27% from 1Q 2023). Net income: US$73.2m (up 176% from 1Q 2023). Profit margin: 20% (up from 9.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates by 44%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Finance industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Apr 19
Nelnet, Inc. to Report Q1, 2024 Results on May 09, 2024 Nelnet, Inc. announced that they will report Q1, 2024 results After-Market on May 09, 2024 Announcement • Apr 05
Nelnet, Inc., Annual General Meeting, May 16, 2024 Nelnet, Inc., Annual General Meeting, May 16, 2024, at 08:30 Central Standard Time. Location: Hudl Building 600 P Street, Suite 100 Lincoln Nebraska United States Agenda: To elect three Class I directors nominated by the Board of Directors to serve for three-year terms until the 2027 Annual Meeting of Shareholders; to ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for 2024; to conduct an advisory vote to approve the Company's executive compensation; and to consider the other matters. Price Target Changed • Feb 29
Price target decreased by 8.4% to US$87.00 Down from US$95.00, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$85.87. Stock is down 5.0% over the past year. The company posted earnings per share of US$2.45 last year. New Risk • Feb 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.2% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.7% net profit margin). Reported Earnings • Feb 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$2.45 (down from US$10.83 in FY 2022). Revenue: US$1.19b (down 22% from FY 2022). Net income: US$91.5m (down 78% from FY 2022). Profit margin: 7.7% (down from 27% in FY 2022). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Finance industry in the US. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 22
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (1.9%). Declared Dividend • Feb 05
Third quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 48% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 02
Nelnet, Inc. Approves First Quarter Cash Dividend, Payable on March 15, 2024 Nelnet, Inc. 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. The dividend will be paid on March 15, 2024, to shareholders of record at the close of business on March 1, 2024. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.28 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (5.0%). Lower than average of industry peers (2.3%). Announcement • Nov 09
Nelnet Declares Fourth-Quarter Cash Dividend, Payable on December 15, 2023 The Nelnet Board of Directors declared a fourth-quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.28 per share. The dividend will be paid on December 15, 2023, to shareholders of record at the close of business on December 1, 2023. Reported Earnings • Nov 09
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: US$1.21 (down from US$2.80 in 3Q 2022). Revenue: US$323.8m (down 15% from 3Q 2022). Net income: US$45.3m (down 57% from 3Q 2022). Profit margin: 14% (down from 27% in 3Q 2022). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Finance industry in the US. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Oct 18
Nelnet, Inc. to Report Q3, 2023 Results on Nov 07, 2023 Nelnet, Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.26 per share at 1.1% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: US$0.75 (vs US$2.26 in 2Q 2022) Second quarter 2023 results: EPS: US$0.75 (down from US$2.26 in 2Q 2022). Revenue: US$286.3m (down 16% from 2Q 2022). Net income: US$28.3m (down 67% from 2Q 2022). Profit margin: 9.9% (down from 25% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 14
Nelnet, Inc. to Report Q2, 2023 Results on Aug 07, 2023 Nelnet, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 07, 2023 Upcoming Dividend • May 24
Upcoming dividend of US$0.26 per share at 1.1% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (2.5%). Announcement • May 10
Nelnet, Inc. Declares Cash Dividend for Second Quarter of 2023, Payable on June 15, 2023 The Nelnet, Inc. Board of Directors declared a second quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.26 per share. The dividend will be paid on June 15, 2023, to shareholders of record at the close of business on June 1, 2023. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$0.71 (vs US$4.91 in 1Q 2022) First quarter 2023 results: EPS: US$0.71 (down from US$4.91 in 1Q 2022). Revenue: US$297.4m (down 38% from 1Q 2022). Net income: US$26.5m (down 86% from 1Q 2022). Profit margin: 8.9% (down from 39% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Consumer Finance industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year.