Lincoln Educational Services Co. (NASDAQ:LINC – Get Rating) CEO Scott M. Shaw sold 11,517 shares of Lincoln Educational Services stock in a transaction on Monday, March 13th. The shares were sold at an average price of $5.76, for a total transaction of $66,337.92. Following the completion of the sale, the chief executive officer now owns 1,028,658 shares in the company, valued at approximately $5,925,070.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Lincoln Educational Services Trading Up 2.6 %
Shares of Lincoln Educational Services stock opened at $6.01 on Wednesday. The firm has a market capitalization of $189.38 million, a P/E ratio of 16.24, a P/E/G ratio of 1.18 and a beta of 1.07. The business has a fifty day simple moving average of $6.24 and a two-hundred day simple moving average of $6.05. Lincoln Educational Services Co. has a 12 month low of $4.59 and a 12 month high of $7.93.
Lincoln Educational Services (NASDAQ:LINC – Get Rating) last announced its quarterly earnings data on Monday, February 27th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.25 by $0.07. The business had revenue of $91.78 million during the quarter, compared to analyst estimates of $89.86 million. Lincoln Educational Services had a return on equity of 10.66% and a net margin of 3.63%. During the same quarter last year, the firm posted $0.73 earnings per share. Analysts predict that Lincoln Educational Services Co. will post 0.34 earnings per share for the current year.
Hedge Funds Weigh In On Lincoln Educational Services
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on LINC shares. Barrington Research reiterated an “outperform” rating and issued a $8.50 price target on shares of Lincoln Educational Services in a report on Wednesday, February 22nd. Rosenblatt Securities cut their price target on shares of Lincoln Educational Services from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, February 28th. Finally, StockNews.com cut shares of Lincoln Educational Services from a “strong-buy” rating to a “buy” rating in a report on Monday.
About Lincoln Educational Services
Lincoln Educational Services Corp. engages in the provision of a career-oriented post-secondary education to recent high school graduates and working adults. It operates through the following segments: Transportation and Skilled Trades, Healthcare and Other Professions, and Corporate. The Transportation and Skilled Trades segment offers academic programs mainly in the disciplines of transportation and skilled trades such as automotive, diesel, heating, ventilation, and air conditioning, welding, and manufacturing.
- Get a free copy of the StockNews.com research report on Lincoln Educational Services (LINC)
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