Lincoln Educational Services (NASDAQ:LINC) Releases Earnings Results

Lincoln Educational Services (NASDAQ:LINC) released its earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01), Zacks reports. The business had revenue of $114.41 million for the quarter, compared to analysts’ expectations of $111.05 million. Lincoln Educational Services had a return on equity of 10.38% and a net margin of 1.95%. During the same quarter in the prior year, the business posted $0.11 EPS. Lincoln Educational Services updated its FY 2024 guidance to EPS.

Lincoln Educational Services Price Performance

NASDAQ:LINC traded up $0.12 during trading hours on Tuesday, hitting $16.90. 141,030 shares of the stock were exchanged, compared to its average volume of 109,628. 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 company has a market cap of $532.01 million, a P/E ratio of 65.00, a P/E/G ratio of 2.12 and a beta of 1.41. The firm’s fifty day moving average price is $12.71 and its 200 day moving average price is $12.23.

Wall Street Analysts Forecast Growth

Several research firms have commented on LINC. Rosenblatt Securities lifted their price objective on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Barrington Research boosted their price target on Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Monday. StockNews.com cut shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, B. Riley boosted their price objective on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Insider Transactions at Lincoln Educational Services

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 2,270 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $12.04, for a total value of $27,330.80. Following the completion of the sale, the insider now directly owns 874,140 shares in the company, valued at $10,524,645.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 38,912 shares of company stock valued at $467,597 over the last 90 days. 16.80% of the stock is currently owned by corporate insiders.

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.