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

Lincoln Educational Services (NASDAQ:LINC) released its quarterly 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. Lincoln Educational Services had a return on equity of 10.38% and a net margin of 1.95%. The company had revenue of $114.41 million for the quarter, compared to analysts’ expectations of $111.05 million. During the same period in the prior year, the business earned $0.11 EPS. Lincoln Educational Services updated its FY 2024 guidance to EPS.

Lincoln Educational Services Price Performance

LINC stock traded up $0.12 during trading on Tuesday, hitting $16.90. The stock had a trading volume of 141,030 shares, compared to its average volume of 109,628. 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 price-to-earnings-growth ratio of 2.12 and a beta of 1.41. The company’s 50 day moving average price is $12.71 and its two-hundred day moving average price is $12.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.75 and a current ratio of 1.78.

Insider Activity

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 19,611 shares of Lincoln Educational Services stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $12.02, for a total value of $235,724.22. Following the completion of the sale, the insider now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 38,912 shares of company stock valued at $467,597 over the last 90 days. Insiders own 16.80% of the company’s stock.

Analyst Upgrades and Downgrades

LINC has been the subject of several recent analyst reports. StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. B. Riley upped 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. Barrington Research lifted their price objective on Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday. Finally, 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 report on Friday, August 9th. One 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, the company has a consensus rating of “Moderate Buy” and a consensus 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.