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

Lincoln Educational Services (NASDAQ:LINC) released its quarterly earnings data 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. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.68%. The firm had revenue of $114.41 million during the quarter, compared to analysts’ expectations of $111.05 million. During the same quarter in the previous year, the firm posted $0.11 EPS. Lincoln Educational Services updated its FY 2024 guidance to EPS.

Lincoln Educational Services Stock Down 3.8 %

LINC traded down $0.65 on Wednesday, hitting $16.25. 113,433 shares of the company were exchanged, compared to its average volume of 109,645. Lincoln Educational Services has a 12 month low of $8.78 and a 12 month high of $18.74. The stock’s fifty day moving average is $12.79 and its 200-day moving average is $12.26. The company has a market cap of $511.55 million, a PE ratio of 50.78, a PEG ratio of 2.09 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.75 and a current ratio of 1.78.

Insider Buying and Selling at Lincoln Educational Services

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 2,270 shares of Lincoln Educational Services stock in a transaction on Monday, August 19th. The stock was sold at an average price of $12.04, for a total transaction of $27,330.80. Following the completion of the transaction, the insider now owns 874,140 shares in the company, valued at approximately $10,524,645.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LINC. Barrington Research upped their price target on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Monday. StockNews.com lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Rosenblatt Securities increased 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. Finally, B. Riley boosted 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 report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

About Lincoln Educational Services

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.