Brokerages predict that Lincoln Educational Services Co. (NASDAQ:LINC) will post earnings of $0.24 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Lincoln Educational Services’ earnings. Lincoln Educational Services posted earnings of $0.31 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 22.6%. The business is expected to issue its next quarterly earnings report on Wednesday, March 2nd.
According to Zacks, analysts expect that Lincoln Educational Services will report full-year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.54 to $0.55. For the next fiscal year, analysts anticipate that the company will post earnings of $0.58 per share, with EPS estimates ranging from $0.55 to $0.60. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Lincoln Educational Services.
Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings results on Sunday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. Lincoln Educational Services had a net margin of 17.24% and a return on equity of 29.78%. The business had revenue of $89.06 million for the quarter, compared to analyst estimates of $82.77 million. During the same quarter in the previous year, the business earned $0.08 earnings per share.
NASDAQ:LINC traded up $0.48 during trading hours on Thursday, reaching $7.27. The company’s stock had a trading volume of 135,315 shares, compared to its average volume of 117,965. Lincoln Educational Services has a one year low of $5.25 and a one year high of $8.20. The business’s 50-day moving average is $6.91 and its 200-day moving average is $7.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.61 and a quick ratio of 1.57. The company has a market cap of $196.30 million, a price-to-earnings ratio of 4.18, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89.
In related news, Director James J. Burke, Jr. sold 5,500 shares of the stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $7.35, for a total value of $40,425.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Juniper Investment Company, Ll bought 14,000 shares of the firm’s stock in a transaction dated Wednesday, November 10th. The shares were acquired at an average price of $7.29 per share, for a total transaction of $102,060.00. The disclosure for this purchase can be found here. 24.00% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in LINC. Auxier Asset Management increased its holdings in Lincoln Educational Services by 3.7% during the 3rd quarter. Auxier Asset Management now owns 221,567 shares of the company’s stock valued at $1,482,000 after purchasing an additional 8,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Lincoln Educational Services by 15.2% in the third quarter. Dimensional Fund Advisors LP now owns 283,197 shares of the company’s stock valued at $1,895,000 after buying an additional 37,278 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Lincoln Educational Services in the third quarter valued at about $249,000. Arrowstreet Capital Limited Partnership lifted its position in Lincoln Educational Services by 9.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 267,430 shares of the company’s stock worth $1,789,000 after buying an additional 22,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Lincoln Educational Services by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 205,804 shares of the company’s stock worth $1,376,000 after acquiring an additional 1,788 shares during the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.
About Lincoln Educational Services
Lincoln Educational Services Corp. provides diversified career-oriented post-secondary education to recent high school graduates and working adults. It operates through the following segments: Transportation & Skilled Trades; Healthcare & Other Professions; and Transitional. The Transportation & Skilled Trades segment offers academic programs mainly in the disciplines of transportation and skilled trades such as automotive; diesel; heating, ventilation, and air conditioning; welding; and manufacturing.
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