Brokerages predict that Lincoln Educational Services Co. (NASDAQ:LINC) will report $87.38 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Lincoln Educational Services’ earnings, with the highest sales estimate coming in at $91.10 million and the lowest estimate coming in at $83.66 million. Lincoln Educational Services posted sales of $81.79 million during the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The firm 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 sales of $334.89 million for the current fiscal year, with estimates ranging from $331.18 million to $338.60 million. For the next year, analysts anticipate that the company will report sales of $351.62 million, with estimates ranging from $343.75 million to $359.50 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Lincoln Educational Services.
Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings results on Sunday, November 7th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. The business had revenue of $89.06 million for the quarter, compared to analysts’ expectations of $82.77 million. Lincoln Educational Services had a return on equity of 29.78% and a net margin of 17.24%. During the same period last year, the firm earned $0.08 earnings per share.
LINC traded up $0.48 on Friday, hitting $7.27. 135,315 shares of the company’s stock traded hands, compared to its average volume of 117,965. The company’s 50 day simple moving average is $6.91 and its 200-day simple moving average is $7.05. The company has a current ratio of 1.61, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14. Lincoln Educational Services has a one year low of $5.25 and a one year high of $8.20. The firm has a market cap of $196.30 million, a price-to-earnings ratio of 4.18, a P/E/G ratio of 0.97 and a beta of 0.89.
In other Lincoln Educational Services news, Director James J. Burke, Jr. sold 5,500 shares of the stock in a transaction on Thursday, November 18th. The shares were sold at an average price of $7.35, for a total transaction of $40,425.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Juniper Investment Company, Ll acquired 14,000 shares of the business’s stock in a transaction on Wednesday, November 10th. The shares were purchased at an average price of $7.29 per share, with a total value of $102,060.00. The disclosure for this purchase can be found here. Corporate insiders own 24.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Lincoln Educational Services by 22.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 245,919 shares of the company’s stock worth $1,913,000 after buying an additional 44,611 shares during the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Lincoln Educational Services by 309.8% during the second quarter. Punch & Associates Investment Management Inc. now owns 1,020,448 shares of the company’s stock worth $7,939,000 after purchasing an additional 771,448 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of Lincoln Educational Services during the second quarter worth about $1,118,000. Bank of New York Mellon Corp increased its position in shares of Lincoln Educational Services by 14.5% during the second quarter. Bank of New York Mellon Corp now owns 84,691 shares of the company’s stock worth $659,000 after purchasing an additional 10,715 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Lincoln Educational Services by 5.5% in the 2nd quarter. Geode Capital Management LLC now owns 204,016 shares of the company’s stock valued at $1,587,000 after purchasing an additional 10,717 shares during the last quarter. Institutional investors own 62.06% of the company’s stock.
Lincoln Educational Services Company Profile
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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