Brokers Set Expectations for Legacy Education Q1 Earnings

Key Points

• Northland Securities lowered its Q1 2027 EPS forecast for Legacy Education to $0.10 from $0.15. The current full-year consensus estimate is $0.77 per share.
• Analyst views are mixed: Zacks Research downgraded the stock to “strong sell,” while Maxim Group initiated coverage with a “buy” rating and a $16 price target. The average rating is “Hold,” with an average price target of $15.30.
• Legacy Education last reported quarterly EPS of $0.13 on revenue of $20.1 million. Shares opened at $8.63, near the company’s 52-week low of $8.11.

Legacy Education Inc. (NYSEAMERICAN:LGCY - Free Report) - Northland Securities cut their Q1 2027 earnings per share (EPS) estimates for Legacy Education in a report issued on Monday, November 9th. Northland Securities analyst M. Grondahl now forecasts that the company will post earnings of $0.10 per share for the quarter, down from their prior estimate of $0.15. The consensus estimate for Legacy Education's current full-year earnings is $0.77 per share. Northland Securities also issued estimates for Legacy Education's Q3 2027 earnings at $0.24 EPS and Q4 2027 earnings at $0.21 EPS.

A number of other research firms also recently weighed in on LGCY. Zacks Research downgraded Legacy Education from a "hold" rating to a "strong sell" rating in a research report on Friday, September 25th. Maxim Group initiated coverage on shares of Legacy Education in a report on Friday, October 30th. They set a "buy" rating and a $16.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $15.30.

Legacy Education Trading Up 0.1%

Shares of Legacy Education stock opened at $8.63 on Tuesday. The company has a market cap of $110.55 million, a price-to-earnings ratio of 13.97 and a beta of 1.17. The company's fifty day simple moving average is $10.05 and its 200-day simple moving average is $11.38. Legacy Education has a 1 year low of $8.11 and a 1 year high of $14.70.

Legacy Education (NYSEAMERICAN:LGCY - Get Free Report) last posted its quarterly earnings data on Thursday, September 24th. The company reported $0.13 earnings per share for the quarter. Legacy Education had a return on equity of 19.04% and a net margin of 11.42%. The business had revenue of $20.10 million during the quarter.

Institutional Investors Weigh In On Legacy Education

A number of hedge funds and other institutional investors have recently bought and sold shares of LGCY. White Pine Capital LLC bought a new position in Legacy Education in the 3rd quarter valued at $1,379,000. Royce & Associates LP grew its holdings in shares of Legacy Education by 2.5% during the third quarter. Royce & Associates LP now owns 919,231 shares of the company's stock worth $8,889,000 after purchasing an additional 22,844 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Legacy Education by 4.8% during the third quarter. Russell Investments Group Ltd. now owns 194,959 shares of the company's stock worth $1,885,000 after purchasing an additional 8,867 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Legacy Education in the third quarter valued at $97,000. Finally, Punch & Associates Investment Management Inc. acquired a new stake in shares of Legacy Education in the second quarter valued at $1,176,000.

About Legacy Education

Legacy Education, Inc is a postsecondary education company that provides career-focused training and degree programs. Its offerings are concentrated in healthcare and other vocational fields, with programs designed to prepare students for employment in areas such as nursing, medical assisting, dental assisting, business, legal services and related occupations.

The company operates educational institutions including North-West College and Glendale Career College in California, as well as Nevada Career Institute in Nevada.

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