Lincoln Educational Services Corporation (NASDAQ:LINC) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Lincoln Educational Services Corporation (NASDAQ:LINC) posted its earnings results on Monday. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by $0.03, Briefing.com reports. The company had revenue of $61.90 million for the quarter, compared to the consensus estimate of $62.48 million. Lincoln Educational Services Corporation had a negative return on equity of 14.19% and a negative net margin of 16.00%. Lincoln Educational Services Corporation’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.13) EPS.
Lincoln Educational Services Corporation (NASDAQ:LINC) opened at 3.32 on Monday. Lincoln Educational Services Corporation has a 52-week low of $1.56 and a 52-week high of $3.74. The company’s 50 day moving average price is $3.18 and its 200 day moving average price is $2.75. The company’s market cap is $82.07 million.
Separately, Zacks Investment Research upgraded Lincoln Educational Services Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th.
In related news, CFO Brian K. Meyers sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $3.10, for a total transaction of $155,000.00. Following the sale, the chief financial officer now owns 169,449 shares of the company’s stock, valued at $525,291.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Deborah M. Ramentol sold 40,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $3.04, for a total value of $121,600.00. Following the sale, the insider now directly owns 56,769 shares in the company, valued at approximately $172,577.76. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.
About Lincoln Educational Services Corporation
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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