Lincoln Educational Services Corp. to Post Q4 2016 Earnings of $0.14 Per Share, Barrington Research Forecasts (LINC)
Lincoln Educational Services Corp. (NASDAQ:LINC) – Barrington Research dropped their Q4 2016 earnings per share (EPS) estimates for shares of Lincoln Educational Services Corp. in a note issued to investors on Monday. Barrington Research analyst A. Paris. Jr now expects that the firm will post earnings per share of $0.14 for the quarter, down from their prior forecast of $0.17.
Separately, Zacks Investment Research upgraded shares of Lincoln Educational Services Corp. from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Tuesday.
Shares of Lincoln Educational Services Corp. (NASDAQ:LINC) traded up 2.241% during mid-day trading on Tuesday, hitting $1.779. The company’s stock had a trading volume of 2,569 shares. Lincoln Educational Services Corp. has a 1-year low of $0.89 and a 1-year high of $3.20. The stock has a market cap of $42.37 million, a PE ratio of 22.238 and a beta of 2.53. The company has a 50-day moving average price of $2.14 and a 200-day moving average price of $1.89.
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Lincoln Educational Services Corp. (NASDAQ:LINC) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.08. Lincoln Educational Services Corp. had a negative return on equity of 5.14% and a net margin of 0.91%. The company earned $68.10 million during the quarter, compared to analysts’ expectations of $41.57 million. During the same quarter in the previous year, the firm earned ($0.33) earnings per share. The business’s quarterly revenue was down 42.1% compared to the same quarter last year.
Several hedge funds have recently modified their holdings of LINC. Bridgeway Capital Management Inc. boosted its stake in shares of Lincoln Educational Services Corp. by 14.9% in the second quarter. Bridgeway Capital Management Inc. now owns 579,905 shares of the company’s stock valued at $870,000 after buying an additional 75,000 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Lincoln Educational Services Corp. by 30.2% in the second quarter. BlackRock Fund Advisors now owns 71,336 shares of the company’s stock worth $107,000 after buying an additional 16,553 shares in the last quarter. Vanguard Group Inc. boosted its stake in Lincoln Educational Services Corp. by 2.0% in the second quarter. Vanguard Group Inc. now owns 711,150 shares of the company’s stock worth $1,067,000 after buying an additional 14,089 shares in the last quarter. Heartland Advisors Inc. boosted its stake in Lincoln Educational Services Corp. by 2.1% in the second quarter. Heartland Advisors Inc. now owns 4,054,211 shares of the company’s stock worth $6,081,000 after buying an additional 84,734 shares in the last quarter. Finally, Nantahala Capital Management LLC boosted its stake in Lincoln Educational Services Corp. by 5.9% in the first quarter. Nantahala Capital Management LLC now owns 2,151,049 shares of the company’s stock worth $5,335,000 after buying an additional 120,404 shares in the last quarter. Institutional investors own 57.17% of the company’s stock.
About Lincoln Educational Services Corp.
Lincoln Educational Services Corporation is a provider of post-secondary education. The Company operates in two segments: Transportation and Skilled Trades, and Transitional. The Transportation and Skilled Trades segment offers academic programs in the disciplines of transportation and skilled trades (automotive, diesel, heating, ventilation and air conditioning (HVAC), welding and manufacturing).
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