Lincoln Educational Services Corporation (NASDAQ:LINC) Releases Earnings Results, Misses Estimates By $0.03 EPS
Lincoln Educational Services Corporation (NASDAQ:LINC) posted its quarterly earnings data on Monday. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.03, MarketWatch Earnings reports. The firm had revenue of $61.90 million during the quarter, compared to analyst estimates of $62.48 million. Lincoln Educational Services Corporation had a negative net margin of 16.00% and a negative return on equity of 14.19%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.13) EPS.
Lincoln Educational Services Corporation (LINC) opened at 3.005 on Tuesday. The firm’s market cap is $74.28 million. The stock has a 50 day moving average of $3.18 and a 200-day moving average of $2.75. Lincoln Educational Services Corporation has a 52-week low of $1.56 and a 52-week high of $3.74.
Separately, Zacks Investment Research lowered shares of Lincoln Educational Services Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 17th.
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In other Lincoln Educational Services Corporation news, insider Deborah M. Ramentol sold 40,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $3.04, for a total transaction of $121,600.00. Following the completion of the sale, the insider now directly owns 56,769 shares of the company’s stock, valued at $172,577.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian K. Meyers sold 50,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $3.10, for a total transaction of $155,000.00. Following the sale, the chief financial officer now directly owns 169,449 shares of the company’s stock, valued at $525,291.90. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Spark Investment Management LLC purchased a new stake in Lincoln Educational Services Corporation during the second quarter worth approximately $109,000. Essex Investment Management Co. LLC purchased a new stake in Lincoln Educational Services Corporation during the second quarter worth approximately $133,000. Finally, Renaissance Technologies LLC raised its stake in Lincoln Educational Services Corporation by 33.4% in the fourth quarter. Renaissance Technologies LLC now owns 567,700 shares of the company’s stock worth $1,090,000 after buying an additional 142,100 shares in the last quarter. 62.57% of the stock is owned by institutional investors.
Lincoln Educational Services Corporation Company Profile
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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