Lincoln Educational Services Co. Expected to Post Q3 2024 Earnings of $0.16 Per Share (NASDAQ:LINC)

Lincoln Educational Services Co. (NASDAQ:LINC) – Equities researchers at Barrington Research raised their Q3 2024 earnings per share estimates for Lincoln Educational Services in a report issued on Monday, May 6th. Barrington Research analyst A. Paris now anticipates that the company will post earnings of $0.16 per share for the quarter, up from their prior estimate of $0.08. Barrington Research currently has a “Outperform” rating and a $14.00 target price 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’ FY2024 earnings at $0.48 EPS.

LINC has been the topic of a number of other research reports. StockNews.com lowered Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday. Lake Street Capital upped their target price 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 issued a $13.50 target price on shares of Lincoln Educational Services in a report on Monday, April 29th. Finally, B. Riley upped their target price on Lincoln Educational Services from $14.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.38.

Lincoln Educational Services Trading Up 0.7 %

Shares of LINC stock opened at $12.64 on Thursday. The business’s fifty day moving average price is $10.29 and its 200 day moving average price is $9.74. Lincoln Educational Services has a 1-year low of $5.70 and a 1-year high of $13.05. The firm has a market capitalization of $397.45 million, a PE ratio of 14.87, a P/E/G ratio of 1.80 and a beta of 1.33. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.83 and a quick ratio of 1.79.

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

Insider Activity

In other news, Director J Barry Morrow sold 5,252 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total value of $52,940.16. Following the sale, the director now directly owns 122,911 shares in the company, valued at $1,238,942.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director J Barry Morrow sold 5,252 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total transaction of $52,940.16. Following the transaction, the director now directly owns 122,911 shares in the company, valued at $1,238,942.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Chad D. Nyce sold 26,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $10.02, for a total value of $260,520.00. Following the transaction, the executive vice president now owns 154,646 shares in the company, valued at $1,549,552.92. The disclosure for this sale can be found here. Insiders have sold 583,692 shares of company stock worth $5,858,793 over the last three months. 16.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lincoln Educational Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its stake in Lincoln Educational Services by 12.2% during the third quarter. First Eagle Investment Management LLC now owns 473,794 shares of the company’s stock worth $4,004,000 after acquiring an additional 51,534 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Lincoln Educational Services by 31.1% in the fourth quarter. SG Americas Securities LLC now owns 13,410 shares of the company’s stock valued at $135,000 after buying an additional 3,182 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Lincoln Educational Services in the third quarter valued at about $65,000. Strs Ohio acquired a new stake in shares of Lincoln Educational Services in the third quarter valued at about $192,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Lincoln Educational Services by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 131,825 shares of the company’s stock valued at $1,114,000 after buying an additional 1,239 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.

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.