Lincoln Educational Services (NASDAQ:LINC) Issues Quarterly 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 analysts’ consensus estimates of $0.14 by ($0.01), Zacks reports. The business had revenue of $114.41 million during the quarter, compared to the consensus estimate of $111.05 million. Lincoln Educational Services had a net margin of 1.95% and a return on equity of 10.38%. During the same quarter in the prior year, the firm earned $0.11 EPS. Lincoln Educational Services updated its FY 2024 guidance to EPS.

Lincoln Educational Services Stock Performance

Shares of LINC traded up $0.12 during mid-day trading on Tuesday, hitting $16.90. 141,030 shares of the company traded hands, compared to its average volume of 109,628. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.75 and a current ratio of 1.78. Lincoln Educational Services has a 1 year low of $8.78 and a 1 year high of $18.74. The stock has a market cap of $532.01 million, a price-to-earnings ratio of 65.00, a P/E/G ratio of 2.12 and a beta of 1.41. The stock has a 50-day moving average price of $12.71 and a two-hundred day moving average price of $12.23.

Insider Transactions at Lincoln Educational Services

In related news, major shareholder Juniper Investment Company, Ll sold 19,611 shares of the firm’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 completion of the transaction, the insider now directly owns 876,410 shares of the company’s stock, valued at approximately $10,534,448.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 38,912 shares of company stock worth $467,597 in the last quarter. Company insiders own 16.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LINC. B. Riley boosted their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Barrington Research upped their target price on Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Monday. 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, Rosenblatt Securities boosted their price target on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.00.

Lincoln Educational Services Company Profile

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.