Lincoln Educational Services Corp. Downgraded by Zacks to Neutral (LINC)
Lincoln Educational Services Corp. (NASDAQ:LINC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday. They currently have a $4.80 target price on the stock. Zacks‘s price target points to a potential upside of 18.52% from the company’s current price.
Shares of Lincoln Educational Services Corp. (NASDAQ:LINC) traded down 2.47% during mid-day trading on Tuesday, hitting $3.95. The stock had a trading volume of 105,302 shares. Lincoln Educational Services Corp. has a 52 week low of $3.50 and a 52 week high of $7.00. The stock has a 50-day moving average of $4.02 and a 200-day moving average of $4.23. The company’s market cap is $94.8 million.
Lincoln Educational Services Corp. (NASDAQ:LINC) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.07. The company had revenue of $80.00 million for the quarter, compared to the consensus estimate of $78.35 million. During the same quarter in the previous year, the company posted ($0.29) earnings per share. The company’s revenue for the quarter was down 11.2% on a year-over-year basis. On average, analysts predict that Lincoln Educational Services Corp. will post $-0.71 earnings per share for the current fiscal year.
Lincoln Educational Services Corporation is a provider of career-oriented post-secondary education. As of December 31, 2011, it operated 46 campuses in 17 states.
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