Barrington Research Forecasts LINC FY2024 Earnings

Lincoln Educational Services Co. (NASDAQ:LINC) – Equities research analysts at Barrington Research raised their FY2024 EPS estimates for Lincoln Educational Services in a report issued on Monday, November 11th. Barrington Research analyst A. Paris now expects that the company will earn $0.54 per share for the year, up from their prior forecast of $0.51. Barrington Research has a “Outperform” rating and a $20.00 price target on the stock. The consensus estimate for Lincoln Educational Services’ current full-year earnings is $0.54 per share. Barrington Research also issued estimates for Lincoln Educational Services’ Q4 2024 earnings at $0.29 EPS and FY2025 earnings at $0.69 EPS.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Lincoln Educational Services had a return on equity of 10.68% and a net margin of 2.33%. The business had revenue of $114.41 million during the quarter, compared to analyst estimates of $111.05 million. During the same period in the previous year, the business earned $0.11 EPS.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. B. Riley raised their price target on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Rosenblatt Securities boosted their price objective on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lincoln Educational Services presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Lincoln Educational Services Price Performance

Shares of NASDAQ LINC opened at $16.25 on Wednesday. Lincoln Educational Services has a fifty-two week low of $8.78 and a fifty-two week high of $18.74. The company has a market cap of $511.55 million, a PE ratio of 50.78, a P/E/G ratio of 2.09 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.75 and a current ratio of 1.78. The business has a 50-day simple moving average of $12.79 and a two-hundred day simple moving average of $12.26.

Insider Activity at Lincoln Educational Services

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 19,611 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $12.02, for a total transaction of $235,724.22. Following the completion of the transaction, the insider now directly owns 876,410 shares of the company’s stock, valued at approximately $10,534,448.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 16.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Lincoln Educational Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LINC. First Eagle Investment Management LLC boosted its stake in shares of Lincoln Educational Services by 25.4% in the second quarter. First Eagle Investment Management LLC now owns 768,851 shares of the company’s stock worth $9,119,000 after buying an additional 155,754 shares during the last quarter. Vanguard Group Inc. boosted its position in Lincoln Educational Services by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 1,343,181 shares of the company’s stock worth $13,875,000 after purchasing an additional 136,334 shares in the last quarter. Herr Investment Group LLC increased its holdings in shares of Lincoln Educational Services by 3.9% during the 1st quarter. Herr Investment Group LLC now owns 2,355,737 shares of the company’s stock valued at $24,335,000 after purchasing an additional 88,335 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Lincoln Educational Services by 12.6% in the 2nd quarter. Renaissance Technologies LLC now owns 645,678 shares of the company’s stock valued at $7,658,000 after purchasing an additional 72,400 shares during the period. Finally, Secure Asset Management LLC purchased a new stake in Lincoln Educational Services during the second quarter worth $612,000. 72.23% of the stock is owned by institutional investors and hedge funds.

Lincoln Educational Services Company Profile

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.