Lincoln Educational Services (NASDAQ:LINC) Issues FY 2021 Earnings Guidance

Lincoln Educational Services (NASDAQ:LINC) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $313.61 million-328.27 million, compared to the consensus revenue estimate of $323.47 million.

Several equities analysts recently issued reports on the company. Barrington Research raised their price target on Lincoln Educational Services from $8.50 to $9.50 and gave the company an outperform rating in a report on Monday, March 29th. B. Riley raised their price target on Lincoln Educational Services from $7.50 to $9.00 and gave the company a buy rating in a report on Tuesday, May 11th. Colliers Securities reissued a buy rating and issued a $10.00 target price on shares of Lincoln Educational Services in a research note on Wednesday, March 3rd. Finally, Zacks Investment Research lowered Lincoln Educational Services from a buy rating to a hold rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $9.25.

NASDAQ:LINC traded down $0.09 during mid-day trading on Friday, hitting $7.75. The company had a trading volume of 1,031 shares, compared to its average volume of 162,867. Lincoln Educational Services has a fifty-two week low of $3.65 and a fifty-two week high of $8.99. The company has a fifty day moving average price of $7.00. The company has a current ratio of 1.17, a quick ratio of 1.12 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $208.44 million, a price-to-earnings ratio of 4.69, a P/E/G ratio of 0.85 and a beta of 1.06.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings results on Sunday, May 9th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.08. The company had revenue of $78.00 million for the quarter, compared to analyst estimates of $77.07 million. Lincoln Educational Services had a return on equity of 39.15% and a net margin of 18.20%. As a group, research analysts anticipate that Lincoln Educational Services will post 0.59 earnings per share for the current year.

A hedge fund recently raised its stake in Lincoln Educational Services stock. Morgan Stanley lifted its holdings in shares of Lincoln Educational Services Co. (NASDAQ:LINC) by 41,000.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,330 shares of the company’s stock after purchasing an additional 12,300 shares during the quarter. Morgan Stanley’s holdings in Lincoln Educational Services were worth $79,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 61.79% of the company’s stock.

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 through three segments: Transportation and Skilled Trades, Healthcare and Other Professions, and Transitional.

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