Lincoln Educational Services Co. (NASDAQ:LINC – Free Report) – Investment analysts at Barrington Research upped their Q3 2023 earnings estimates for Lincoln Educational Services in a research note issued to investors on Tuesday, August 8th. Barrington Research analyst A. Paris now forecasts that the company will earn $0.07 per share for the quarter, up from their previous forecast of $0.05. Barrington Research has a “Outperform” rating and a $10.50 price objective on the stock. The consensus estimate for Lincoln Educational Services’ current full-year earnings is $0.32 per share.
Lincoln Educational Services (NASDAQ:LINC – Get Free Report) last released its quarterly earnings data on Monday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.05. Lincoln Educational Services had a net margin of 8.13% and a return on equity of 10.97%. The company had revenue of $87.28 million during the quarter, compared to the consensus estimate of $83.03 million.
Check Out Our Latest Research Report on LINC
Lincoln Educational Services Price Performance
NASDAQ LINC opened at $8.90 on Thursday. Lincoln Educational Services has a 1 year low of $4.59 and a 1 year high of $9.25. The company has a market capitalization of $278.93 million, a PE ratio of 9.47, a P/E/G ratio of 1.79 and a beta of 1.07. The company has a fifty day moving average of $6.77 and a two-hundred day moving average of $6.34.
Institutional Investors Weigh In On Lincoln Educational Services
A number of institutional investors have recently added to or reduced their stakes in LINC. Barclays PLC purchased a new stake in shares of Lincoln Educational Services during the 2nd quarter worth approximately $33,000. BNP Paribas Arbitrage SNC purchased a new stake in shares of Lincoln Educational Services during the 2nd quarter worth approximately $55,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Lincoln Educational Services during the 4th quarter worth approximately $66,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Lincoln Educational Services during the 4th quarter worth approximately $66,000. Finally, Virtu Financial LLC purchased a new stake in shares of Lincoln Educational Services during the 1st quarter worth approximately $76,000. Hedge funds and other institutional investors own 66.93% of the company’s stock.
Insider Buying and Selling
In related news, Director J Barry Morrow sold 11,428 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $6.39, for a total transaction of $73,024.92. Following the transaction, the director now owns 192,642 shares of the company’s stock, valued at $1,230,982.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Lincoln Educational Services news, Director Ronald Edward Harbour sold 9,009 shares of Lincoln Educational Services stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $6.50, for a total value of $58,558.50. Following the sale, the director now owns 44,555 shares of the company’s stock, valued at approximately $289,607.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Barry Morrow sold 11,428 shares of Lincoln Educational Services stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $6.39, for a total value of $73,024.92. Following the completion of the sale, the director now directly owns 192,642 shares in the company, valued at approximately $1,230,982.38. The disclosure for this sale can be found here. Insiders have sold a total of 335,038 shares of company stock valued at $2,161,633 over the last quarter. 25.70% of the stock is currently owned by insiders.
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: Transportation and Skilled Trades, and Healthcare and Other Professions.
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