Legacy Education (NYSEAMERICAN:LGCY) Issues Quarterly Earnings Results

Legacy Education (NYSEAMERICAN:LGCY) announced its quarterly earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $20.10 million during the quarter. Legacy Education had a return on equity of 18.83% and a net margin of 10.89%.

Here are the key takeaways from Legacy Education’s conference call:

• Record fiscal 2026 results: Revenue rose 24.8% to $80.1 million, while preexisting brands grew 16.5%, demonstrating that growth was supported by both the Contra Costa acquisition and organic expansion.
• Operating leverage improved: Fourth-quarter revenue increased 12% to $20.1 million, while adjusted EBITDA grew 30.6% to $3.1 million and adjusted EBITDA margin expanded 220 basis points to 15.5%. Management expects margins to continue improving, particularly in the second half of fiscal 2027.
• Legacy enters fiscal 2027 with several growth initiatives, including Surgical Technology expansion, Sterile Processing Technician program maturation, additional campus capacity, three newly approved programs at Contra Costa, and a planned Houston branch that could reach 400–600 students within one to two years.
• Student starts remain a near-term watchpoint: Starts declined 4% year over year in the fourth quarter after falling 12% in the prior quarter, although management attributed the weakness to program-readiness and enrollment-timing issues and expects improvement as programs mature.
• The company ended the year with $22.7 million in cash, $33.4 million in working capital, minimal debt, and no revolving credit facility, providing flexibility to fund organic expansion and pursue acquisitions; however, Houston still depends on regulatory and accreditation approvals, and acquisition timing remains uncertain.

Legacy Education Price Performance

LGCY stock opened at $10.64 on Friday. The company has a fifty day moving average price of $10.98 and a 200 day moving average price of $11.67. Legacy Education has a 12 month low of $7.94 and a 12 month high of $14.70. The company has a market cap of $134.60 million, a price-to-earnings ratio of 17.16 and a beta of 1.07.

Institutional Investors Weigh In On Legacy Education

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in shares of Legacy Education by 481.2% in the 1st quarter. Bank of America Corp DE now owns 21,847 shares of the company’s stock valued at $274,000 after purchasing an additional 18,088 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Legacy Education by 68.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 24,747 shares of the company’s stock valued at $310,000 after acquiring an additional 10,096 shares in the last quarter. Manatuck Hill Partners LLC bought a new stake in Legacy Education in the second quarter valued at approximately $524,000. BlackRock Inc. bought a new stake in shares of Legacy Education in the second quarter valued at approximately $600,000. Finally, Renaissance Technologies LLC boosted its position in Legacy Education by 87.6% in the first quarter. Renaissance Technologies LLC now owns 72,000 shares of the company’s stock valued at $901,000 after buying an additional 33,628 shares in the last quarter.

About Legacy Education

Legacy Education, Inc is a postsecondary education company that provides career-focused training and educational programs designed to prepare students for employment in a range of occupational fields. Its offerings are intended to combine classroom instruction with practical, skills-based learning.

The company has historically operated career education institutions serving students in the United States. Its programs have included training related to healthcare and other professional or technical career paths, although the specific schools, programs and operating footprint may change over time.

Legacy Education was previously known as Legacy Education Alliance, Inc and adopted its current name as its business strategy evolved toward postsecondary career education.