LINC FY2024 EPS Forecast Lifted by Barrington Research

Lincoln Educational Services Co. (NASDAQ:LINC) – Research analysts at Barrington Research boosted their FY2024 earnings per share estimates for shares of Lincoln Educational Services in a research note issued to investors on Monday, November 11th. Barrington Research analyst A. Paris now anticipates that the company will earn $0.54 per share for the year, up from their previous estimate of $0.51. Barrington Research has a “Outperform” rating and a $20.00 price target on the stock. The consensus estimate for Lincoln Educational Services’ current full-year earnings is $0.51 per share. Barrington Research also issued estimates for Lincoln Educational Services’ Q4 2024 earnings at $0.29 EPS and FY2025 earnings at $0.69 EPS.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lincoln Educational Services had a return on equity of 10.68% and a net margin of 2.33%. The company had revenue of $114.41 million during the quarter, compared to analysts’ expectations of $111.05 million. During the same period last year, the company earned $0.11 earnings per share.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Rosenblatt Securities raised their price target on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, B. Riley lifted their price objective on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Lincoln Educational Services Trading Up 0.7 %

Shares of NASDAQ:LINC opened at $16.90 on Wednesday. The firm has a fifty day moving average of $12.71 and a two-hundred day 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 12-month low of $8.78 and a 12-month high of $18.74. The firm has a market capitalization of $532.01 million, a P/E ratio of 52.81, a price-to-earnings-growth ratio of 2.19 and a beta of 1.41.

Insiders Place Their Bets

In other 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 transaction, the insider now owns 876,410 shares of the company’s stock, valued at $10,534,448.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On Lincoln Educational Services

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Gladius Capital Management LP bought a new stake in Lincoln Educational Services during the 2nd quarter valued at approximately $33,000. SG Americas Securities LLC acquired a new position in shares of Lincoln Educational Services during the third quarter worth approximately $121,000. The Manufacturers Life Insurance Company bought a new stake in shares of Lincoln Educational Services in the second quarter valued at approximately $123,000. BNP Paribas Financial Markets grew its stake in shares of Lincoln Educational Services by 60.2% in the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock worth $116,000 after acquiring an additional 4,217 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Lincoln Educational Services by 36.0% during the second quarter. Rhumbline Advisers now owns 38,162 shares of the company’s stock worth $453,000 after acquiring an additional 10,095 shares during the period. 72.23% 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 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.