LINC FY2024 EPS Forecast Increased by Barrington Research

Lincoln Educational Services Co. (NASDAQ:LINC - Free Report) - Equities research analysts at Barrington Research increased their FY2024 earnings estimates for Lincoln Educational Services in a note issued to investors on Monday, November 11th. Barrington Research analyst A. Paris now anticipates that the company will post earnings per share of $0.54 for the year, up from their previous forecast of $0.51. Barrington Research has a "Outperform" rating and a $20.00 price objective 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.

A number of other equities analysts have also recently weighed in on the stock. StockNews.com cut shares of Lincoln Educational Services from a "buy" rating to a "hold" rating in a research report on Wednesday, October 9th. B. Riley upped their price objective on shares of Lincoln Educational Services from $15.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Rosenblatt Securities lifted their price target on shares of Lincoln Educational Services from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, August 9th. One research 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 company currently has an average rating of "Moderate Buy" and an average price target of $18.00.

Lincoln Educational Services Price Performance

LINC traded down $0.65 during midday trading on Wednesday, hitting $16.25. 113,433 shares of the company traded hands, compared to its average volume of 109,645. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.17. The business has a 50 day simple moving average of $12.71 and a two-hundred day simple moving average of $12.23. The company has a market capitalization of $511.55 million, a price-to-earnings ratio of 52.50, a PEG ratio of 2.09 and a beta of 1.41. Lincoln Educational Services has a 52-week low of $8.78 and a 52-week high of $18.74.

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

Insider Transactions at Lincoln Educational Services

In other news, major shareholder Juniper Investment Company, Ll sold 2,270 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $12.04, for a total value of $27,330.80. Following the completion of the transaction, the insider now directly owns 874,140 shares of the company's stock, valued at approximately $10,524,645.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 16.80% of the company's stock.

Institutional Investors Weigh In On Lincoln Educational Services

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