Lincoln Educational Services (NASDAQ:LINC) Updates FY 2021 Earnings Guidance

Lincoln Educational Services (NASDAQ:LINC) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $313.61 million-328.27 million, compared to the consensus revenue estimate of $323.47 million.

Shares of LINC traded down $0.09 during midday trading on Friday, hitting $7.75. 1,031 shares of the stock traded hands, compared to its average volume of 162,867. Lincoln Educational Services has a 1-year low of $3.65 and a 1-year high of $8.99. The company has a market capitalization of $208.44 million, a price-to-earnings ratio of 4.69, a PEG ratio of 0.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.17 and a quick ratio of 1.12. The company’s 50 day simple moving average is $7.00.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings results on Sunday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. Lincoln Educational Services had a net margin of 18.20% and a return on equity of 39.15%. The company had revenue of $78.00 million during the quarter, compared to the consensus estimate of $77.07 million. As a group, equities analysts forecast that Lincoln Educational Services will post 0.59 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on LINC shares. Barrington Research lifted their price objective on shares of Lincoln Educational Services from $8.50 to $9.50 and gave the company an outperform rating in a research note on Monday, March 29th. Zacks Investment Research cut shares of Lincoln Educational Services from a buy rating to a hold rating in a research note on Wednesday. Colliers Securities restated a buy rating and set a $10.00 price objective on shares of Lincoln Educational Services in a research note on Wednesday, March 3rd. Finally, B. Riley lifted their price objective on shares of Lincoln Educational Services from $7.50 to $9.00 and gave the company a buy rating in a research note on Tuesday, May 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $9.25.

An institutional investor recently raised its position in Lincoln Educational Services stock. Morgan Stanley boosted its stake in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 41,000.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,330 shares of the company’s stock after buying an additional 12,300 shares during the period. Morgan Stanley’s holdings in Lincoln Educational Services were worth $79,000 at the end of the most recent reporting period. 61.79% of the stock is owned by institutional investors and hedge funds.

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 through three segments: Transportation and Skilled Trades, Healthcare and Other Professions, and Transitional.

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