Barrington Research Comments on Lincoln Educational Services Co.’s Q3 2024 Earnings (NASDAQ:LINC)

Lincoln Educational Services Co. (NASDAQ:LINC) – Analysts at Barrington Research lifted their Q3 2024 earnings estimates for shares of Lincoln Educational Services in a research note issued to investors on Monday, May 6th. Barrington Research analyst A. Paris now forecasts that the company will post earnings per share of $0.16 for the quarter, up from their previous estimate of $0.08. Barrington Research has a “Outperform” rating and a $14.00 price target 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.

Other analysts have also issued research reports about the company. Lake Street Capital upped their target price on Lincoln Educational Services from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com lowered shares of Lincoln Educational Services from a “buy” rating to a “hold” rating in a report on Wednesday. B. Riley boosted their price target on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $13.50 price objective on shares of Lincoln Educational Services in a research note on Monday, April 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.38.

Lincoln Educational Services Price Performance

LINC stock opened at $12.55 on Thursday. The firm has a 50 day simple moving average of $10.23 and a two-hundred day simple moving average of $9.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.83 and a quick ratio of 1.79. The stock has a market cap of $394.70 million, a PE ratio of 14.59, a P/E/G ratio of 1.80 and a beta of 1.33. Lincoln Educational Services has a one year low of $5.70 and a one year high of $13.03.

Lincoln Educational Services (NASDAQ:LINC) last posted its earnings results on Monday, February 26th. The company reported $0.32 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $97.78 million. During the same period in the previous year, the business earned $0.32 earnings per share.

Hedge Funds Weigh In On Lincoln Educational Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC raised its stake in Lincoln Educational Services by 8.2% during the 1st quarter. Empowered Funds LLC now owns 183,078 shares of the company’s stock valued at $1,891,000 after buying an additional 13,825 shares during the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of Lincoln Educational Services by 1.4% in the first quarter. Essex Investment Management Co. LLC now owns 420,360 shares of the company’s stock worth $4,342,000 after acquiring an additional 5,832 shares during the period. Pullen Investment Management LLC purchased a new stake in Lincoln Educational Services during the first quarter valued at $1,259,000. BNP Paribas Financial Markets lifted its holdings in Lincoln Educational Services by 60.2% in the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after acquiring an additional 4,217 shares during the period. Finally, Rice Hall James & Associates LLC boosted its position in 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 worth $2,670,000 after purchasing an additional 58,369 shares during the last quarter. Institutional investors own 72.23% of the company’s stock.

Insider Buying and Selling at Lincoln Educational Services

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 286,997 shares of Lincoln Educational Services stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $9.97, for a total transaction of $2,861,360.09. Following the completion of the transaction, the insider now owns 996,811 shares in the company, valued at $9,938,205.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 286,997 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $9.97, for a total transaction of $2,861,360.09. Following the completion of the sale, the insider now directly owns 996,811 shares in the company, valued at approximately $9,938,205.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Chad D. Nyce sold 26,000 shares of Lincoln Educational Services stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $10.02, for a total transaction of $260,520.00. Following the completion of the transaction, the executive vice president now directly owns 154,646 shares of the company’s stock, valued at $1,549,552.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 583,692 shares of company stock valued at $5,858,793. Corporate insiders own 16.80% of the company’s stock.

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.