Barrington Research Weighs in on Lincoln Educational Services Co.’s FY2022 Earnings (NASDAQ:LINC)

Lincoln Educational Services Co. (NASDAQ:LINC – Get Rating) – Equities researchers at Barrington Research boosted their FY2022 EPS estimates for shares of Lincoln Educational Services in a report released on Monday, May 9th. Barrington Research analyst A. Paris. Jr now forecasts that the company will post earnings per share of $0.57 for the year, up from their previous estimate of $0.55. Barrington Research also issued estimates for Lincoln Educational Services’ FY2023 earnings at $0.67 EPS.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. StockNews.com assumed coverage on Lincoln Educational Services in a research report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. Finally, Colliers Securities restated a “buy” rating and issued a $10.00 price target on shares of Lincoln Educational Services in a research report on Tuesday, March 1st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lincoln Educational Services currently has a consensus rating of “Buy” and an average price target of $9.31.

Shares of NASDAQ LINC opened at $5.74 on Wednesday. Lincoln Educational Services has a 52 week low of $5.65 and a 52 week high of $8.20. The stock has a market capitalization of $157.56 million, a P/E ratio of 5.57, a PEG ratio of 0.72 and a beta of 0.86. The stock’s fifty day moving average is $7.06 and its 200 day moving average is $7.20.

Lincoln Educational Services (NASDAQ:LINC – Get Rating) last posted its quarterly earnings data on Monday, February 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.49. Lincoln Educational Services had a return on equity of 32.75% and a net margin of 10.35%. The firm had revenue of $87.82 million for the quarter, compared to analysts’ expectations of $87.38 million. During the same quarter last year, the business earned $0.31 EPS.

Several hedge funds have recently made changes to their positions in the company. Essex Investment Management Co. LLC boosted its stake in shares of Lincoln Educational Services by 2.5% during the first quarter. Essex Investment Management Co. LLC now owns 175,271 shares of the company’s stock valued at $1,253,000 after purchasing an additional 4,278 shares in the last quarter. Weil Company Inc. acquired a new stake in shares of Lincoln Educational Services during the first quarter valued at about $356,000. First Foundation Advisors boosted its stake in shares of Lincoln Educational Services by 16.1% during the first quarter. First Foundation Advisors now owns 72,000 shares of the company’s stock valued at $515,000 after purchasing an additional 10,000 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Lincoln Educational Services by 27.2% during the first quarter. Royce & Associates LP now owns 1,202,004 shares of the company’s stock valued at $8,594,000 after purchasing an additional 257,288 shares in the last quarter. Finally, Penbrook Management LLC acquired a new stake in shares of Lincoln Educational Services during the first quarter valued at about $449,000. 60.46% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln Educational Services Company Profile (Get Rating)

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: Transportation and Skilled Trades, and Healthcare and Other Professions.

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