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

Lincoln Educational Services (NASDAQ:LINC) posted 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. The company had revenue of $114.41 million during the quarter, compared to analysts’ expectations 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 earned $0.11 earnings per share. Lincoln Educational Services updated its FY 2024 guidance to EPS.

Lincoln Educational Services Trading Up 0.1 %

Shares of LINC traded up $0.02 during trading on Wednesday, reaching $16.92. 13,344 shares of the company traded hands, compared to its average volume of 109,190. The stock has a 50-day simple moving average of $12.71 and a 200-day simple moving average of $12.23. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.17. Lincoln Educational Services has a twelve month low of $8.78 and a twelve month high of $18.74. The stock has a market cap of $532.64 million, a PE ratio of 52.81, a price-to-earnings-growth ratio of 2.19 and a beta of 1.41.

Insider Buying and Selling

In related news, major shareholder Juniper Investment Company, Ll sold 2,270 shares of Lincoln Educational Services stock in a transaction that occurred on 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 sale, the insider now owns 874,140 shares in the company, valued at approximately $10,524,645.60. This trade 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. 16.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. B. Riley lifted their target price on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barrington Research increased their price target on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Rosenblatt Securities raised their price target 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Lincoln Educational Services presently 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.