Barrington Research Comments on Lincoln Educational Services Co.’s Q2 2024 Earnings (NASDAQ:LINC)

Lincoln Educational Services Co. (NASDAQ:LINC) – Equities research analysts at Barrington Research reduced their Q2 2024 earnings per share (EPS) estimates for Lincoln Educational Services in a report issued on Monday, May 6th. Barrington Research analyst A. Paris now forecasts that the company will post earnings per share of ($0.01) for the quarter, down from their previous forecast of $0.02. 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’ Q4 2024 earnings at $0.27 EPS and FY2025 earnings at $0.54 EPS.

LINC has been the topic of several other research reports. StockNews.com upgraded shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a report on Saturday, March 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $13.50 price objective on shares of Lincoln Educational Services in a report on Monday, April 29th. Lake Street Capital increased 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. Finally, B. Riley upped their price target on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $14.38.

Lincoln Educational Services Stock Performance

Shares of NASDAQ LINC opened at $11.90 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 1.83 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $10.18 and its 200-day moving average price is $9.70. Lincoln Educational Services has a 52-week low of $5.70 and a 52-week high of $13.03. The company has a market cap of $374.26 million, a PE ratio of 13.84, a PEG ratio of 1.80 and a beta of 1.33.

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

Institutional Trading of Lincoln Educational Services

Hedge funds have recently bought and sold shares of the stock. EAM Investors LLC purchased a new stake in shares of Lincoln Educational Services in the third quarter worth about $1,752,000. Pullen Investment Management LLC bought a new stake in Lincoln Educational Services in the 1st quarter worth approximately $1,259,000. Pacific Ridge Capital Partners LLC raised its holdings in shares of Lincoln Educational Services by 27.2% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 506,990 shares of the company’s stock worth $4,284,000 after acquiring an additional 108,550 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Lincoln Educational Services by 13.9% during the 4th quarter. First Eagle Investment Management LLC now owns 539,776 shares of the company’s stock valued at $5,419,000 after acquiring an additional 65,982 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Lincoln Educational Services by 29.2% in the first quarter. Rice Hall James & Associates LLC now owns 258,515 shares of the company’s stock valued at $2,670,000 after purchasing an additional 58,369 shares in the last quarter. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Insider Activity at Lincoln Educational Services

In other Lincoln Educational Services news, Director J Barry Morrow sold 5,252 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $10.08, for a total transaction of $52,940.16. Following the sale, the director now owns 122,911 shares in the company, valued at approximately $1,238,942.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 73,241 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $10.09, for a total transaction of $739,001.69. Following the completion of the sale, the insider now directly owns 1,293,390 shares of the company’s stock, valued at approximately $13,050,305.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director J Barry Morrow sold 5,252 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $10.08, for a total transaction of $52,940.16. Following the completion of the transaction, the director now directly owns 122,911 shares in the company, valued at approximately $1,238,942.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 583,692 shares of company stock worth $5,858,793. 16.80% of the stock is owned by company insiders.

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.