Lincoln Educational Services Co. to Post Q2 2024 Earnings of ($0.01) Per Share, Barrington Research Forecasts (NASDAQ:LINC)

Lincoln Educational Services Co. (NASDAQ:LINC) – Analysts at Barrington Research decreased their Q2 2024 earnings estimates for Lincoln Educational Services in a research note issued on Monday, May 6th. Barrington Research analyst A. Paris now anticipates that the company will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.02. Barrington Research has a “Outperform” rating and a $14.00 price objective on the stock. The consensus estimate for Lincoln Educational Services’ current full-year earnings is $0.41 per share. Barrington Research also issued estimates for Lincoln Educational Services’ Q4 2024 earnings at $0.27 EPS and FY2025 earnings at $0.54 EPS.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings data on Monday, February 26th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. Lincoln Educational Services had a net margin of 6.88% and a return on equity of 9.63%. The firm had revenue of $102.52 million for the quarter, compared to the consensus estimate of $97.78 million. During the same period in the previous year, the company earned $0.32 earnings per share.

Several other research analysts have also recently commented on LINC. Lake Street Capital raised their target price on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday. B. Riley lifted their price objective on Lincoln Educational Services from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday. Rosenblatt Securities reissued a “buy” rating and set a $13.50 target price on shares of Lincoln Educational Services in a report on Monday, April 29th. Finally, StockNews.com raised Lincoln Educational Services from a “hold” rating to a “buy” rating in a research note on Saturday, March 2nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $14.38.

Lincoln Educational Services Price Performance

NASDAQ:LINC opened at $11.90 on Wednesday. Lincoln Educational Services has a 52 week low of $5.70 and a 52 week high of $13.03. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.79 and a current ratio of 1.83. The firm’s 50-day simple moving average is $10.18 and its 200 day simple moving average is $9.70. The firm has a market cap of $374.26 million, a price-to-earnings ratio of 13.84, a P/E/G ratio of 1.80 and a beta of 1.33.

Insider Activity

In related news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the completion of the sale, the insider now directly owns 1,436,631 shares in the company, valued at approximately $14,553,072.03. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Juniper Investment Company, Ll sold 169,592 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $10.13, for a total transaction of $1,717,966.96. Following the completion of the transaction, the insider now directly owns 1,436,631 shares in the company, valued at approximately $14,553,072.03. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Chad D. Nyce sold 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $10.02, for a total transaction of $260,520.00. Following the completion of the sale, the executive vice president now owns 154,646 shares in the company, valued at approximately $1,549,552.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 583,692 shares of company stock worth $5,858,793. Insiders own 16.80% of the company’s stock.

Hedge Funds Weigh In On Lincoln Educational Services

A number of institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Lincoln Educational Services in the third quarter valued at approximately $86,000. Bank of New York Mellon Corp increased its position in Lincoln Educational Services by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 131,825 shares of the company’s stock valued at $1,114,000 after acquiring an additional 1,239 shares during the period. Strs Ohio bought a new position in shares of Lincoln Educational Services during the third quarter valued at $192,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Lincoln Educational Services during the third quarter worth $65,000. Finally, First Eagle Investment Management LLC grew its stake in shares of Lincoln Educational Services by 12.2% in the third quarter. First Eagle Investment Management LLC now owns 473,794 shares of the company’s stock worth $4,004,000 after purchasing an additional 51,534 shares during the last quarter. Institutional investors and hedge funds own 72.23% 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.