Lincoln Educational Services (NASDAQ:LINC) Releases Earnings Results, Misses Estimates By $0.01 EPS

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

Lincoln Educational Services Trading Down 3.8 %

NASDAQ LINC opened at $16.25 on Thursday. The firm has a market capitalization of $511.55 million, a PE ratio of 50.78, a P/E/G ratio of 2.09 and a beta of 1.41. The stock’s 50 day moving average is $12.79 and its 200 day moving average is $12.26. Lincoln Educational Services has a twelve month low of $8.78 and a twelve month high of $18.74. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.17.

Wall Street Analysts Forecast Growth

LINC has been the subject of a number of research reports. B. Riley upped their price objective on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Rosenblatt Securities upped their price objective on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Barrington Research upped their price target on Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday. Finally, StockNews.com lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Lincoln Educational Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Insiders Place Their Bets

In related news, major shareholder Juniper Investment Company, Ll sold 2,270 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $12.04, for a total value of $27,330.80. Following the completion of the transaction, the insider now directly owns 874,140 shares in the company, valued at $10,524,645.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.80% of the stock is 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.