Q3 2022 EPS Estimates for Lincoln Educational Services Co. (NASDAQ:LINC) Cut by Analyst

Lincoln Educational Services Co. (NASDAQ:LINCGet Rating) – Equities researchers at B. Riley reduced their Q3 2022 earnings estimates for Lincoln Educational Services in a research report issued on Tuesday, May 10th. B. Riley analyst R. Sharma now expects that the company will earn $0.19 per share for the quarter, down from their previous estimate of $0.24. B. Riley also issued estimates for Lincoln Educational Services’ FY2022 earnings at $0.72 EPS.

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

A number of other brokerages have also recently issued reports on LINC. StockNews.com assumed coverage on shares of Lincoln Educational Services in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company. Colliers Securities reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Lincoln Educational Services in a research note on Tuesday, March 1st. Finally, Zacks Investment Research cut shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $9.31.

Shares of Lincoln Educational Services stock 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 price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of 0.72 and a beta of 0.86. The company has a fifty day moving average of $7.06 and a 200-day moving average of $7.20.

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Lincoln Educational Services by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 205,804 shares of the company’s stock valued at $1,376,000 after buying an additional 1,788 shares during the last quarter. BlackRock Inc. raised its holdings in Lincoln Educational Services by 0.7% in the 4th quarter. BlackRock Inc. now owns 521,149 shares of the company’s stock worth $3,894,000 after purchasing an additional 3,457 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Lincoln Educational Services by 3.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 93,493 shares of the company’s stock worth $698,000 after purchasing an additional 3,550 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Lincoln Educational Services in the 4th quarter worth $29,000. Finally, Essex Investment Management Co. LLC raised its holdings in Lincoln Educational Services by 2.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 175,271 shares of the company’s stock worth $1,253,000 after purchasing an additional 4,278 shares in the last quarter. Institutional investors own 60.46% of the company’s stock.

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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