Lincoln Educational Services Corp. (LINC) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Lincoln Educational Services Corp. (NASDAQ:LINC) released its earnings data on Wednesday. The company reported ($0.51) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.54) by $0.03, AnalystRatingsNetwork reports. The company had revenue of $77.20 million for the quarter, compared to the consensus estimate of $78.26 million.
On the ratings front, analysts at Zacks downgraded shares of Lincoln Educational Services Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $4.80 price target on the stock.
Lincoln Educational Services Corp. (NASDAQ:LINC) opened at 3.63 on Wednesday. Lincoln Educational Services Corp. has a 1-year low of $3.50 and a 1-year high of $6.53. The stock has a 50-day moving average of $3.91 and a 200-day moving average of $4.0. The company’s market cap is $87.1 million.
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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