Nelnet, Inc. Class A Stock News

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.

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.

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.

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.

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 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.

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 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.