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

Lincoln Educational Services (NASDAQ:LINC) posted 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. The company had revenue of $114.41 million for the quarter, compared to analysts’ expectations of $111.05 million. Lincoln Educational Services had a return on equity of 10.38% and a net margin of 1.95%. During the same quarter last year, the business posted $0.11 EPS. Lincoln Educational Services updated its FY 2024 guidance to EPS.

Lincoln Educational Services Price Performance

Shares of LINC stock traded up $0.12 during trading hours on Tuesday, reaching $16.90. The stock had a trading volume of 141,030 shares, compared to its average volume of 109,628. Lincoln Educational Services has a 12 month low of $8.78 and a 12 month high of $18.74. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $532.01 million, a PE ratio of 65.00, a PEG ratio of 2.12 and a beta of 1.41. The stock’s fifty day simple moving average is $12.71 and its 200 day simple moving average is $12.23.

Analysts Set New Price Targets

A number of research firms recently commented on LINC. Barrington Research lifted their price target on shares of Lincoln Educational Services from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday. B. Riley increased their price target on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. StockNews.com cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Rosenblatt Securities increased their target price on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Insider Buying and Selling at Lincoln Educational Services

In other news, major shareholder Juniper Investment Company, Ll sold 17,031 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $12.01, for a total value of $204,542.31. Following the transaction, the insider now owns 935,937 shares of the company’s stock, valued at approximately $11,240,603.37. This 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 the SEC website. Insiders sold a total of 38,912 shares of company stock valued at $467,597 in the last three months. Company insiders own 16.80% of the company’s stock.

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.