Lincoln Educational Services (NASDAQ:LINC) Announces Earnings Results

Lincoln Educational Services (NASDAQ:LINC) posted its quarterly earnings data on Monday. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01), Zacks reports. The business had revenue of $114.41 million during the quarter, compared to analyst estimates of $111.05 million. Lincoln Educational Services had a return on equity of 10.68% and a net margin of 2.33%. During the same period in the prior year, the firm posted $0.11 EPS. Lincoln Educational Services updated its FY 2024 guidance to EPS.

Lincoln Educational Services Stock Performance

LINC traded down $0.65 during trading on Wednesday, reaching $16.25. 113,433 shares of the company were exchanged, compared to its average volume of 109,645. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.17. Lincoln Educational Services has a 52 week low of $8.78 and a 52 week high of $18.74. The firm has a 50 day moving average of $12.79 and a 200 day moving average of $12.26. The stock has a market cap of $511.55 million, a P/E ratio of 50.78, a PEG ratio of 2.09 and a beta of 1.41.

Insider Activity

In related news, major shareholder Juniper Investment Company, Ll sold 19,611 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $12.02, for a total transaction of $235,724.22. Following the transaction, the insider now owns 876,410 shares of the company’s stock, valued at approximately $10,534,448.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Rosenblatt Securities upped their target price on Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 9th. B. Riley increased their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. StockNews.com downgraded shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Barrington Research increased their price target on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

About Lincoln Educational Services

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments, Campus Operations and Transitional. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising licensed practical nurse, registered nurse, dental assistant, medical assistant, medical administrative assistant, and claims examiner; hospitality service and information technology programs, such as culinary, therapeutic massage, cosmetology, aesthetics, and computer systems support technicians.