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

Lincoln Educational Services (NASDAQ:LINC) announced its earnings results on Monday. The company reported $0.13 earnings per share 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 1.95% and a return on equity of 10.38%. 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 Trading Up 0.7 %

LINC traded up $0.12 during trading on Tuesday, reaching $16.90. 141,030 shares of the company’s stock were exchanged, compared to its average volume of 109,628. Lincoln Educational Services has a fifty-two week low of $8.78 and a fifty-two week high of $18.74. The company’s fifty day moving average price is $12.71 and its 200-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. The firm has a market capitalization of $532.01 million, a PE ratio of 65.00, a P/E/G ratio of 2.12 and a beta of 1.41.

Insider Buying and Selling at Lincoln Educational Services

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 17,031 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $12.01, for a total transaction of $204,542.31. Following the completion of the transaction, the insider now owns 935,937 shares in the company, valued at approximately $11,240,603.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 38,912 shares of company stock valued at $467,597. Corporate insiders own 16.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LINC. Rosenblatt Securities raised their target price on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 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, B. Riley raised their price objective on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.